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Tag Archives: Jerome Powell

Powell warns of a possible sustained recession from pandemic

Federal Reserve Chair Jerome Powell warned Wednesday of the threat of a prolonged recession resulting from the viral outbreak and urged Congress and the White House to act further to prevent long-lasting economic damage. The Fed and Congress have taken ...

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Fed’s Powell faces a puzzling crisis with no simple solution

Jerome Powell is confronting his stiffest test yet as head of the Federal Reserve in an atmosphere vastly altered from what his predecessors faced. It makes an uncertain situation even more challenging. This week, Powell announced a surprise half-point interest ...

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Powell: Economy looks resilient despite risk of China virus

Federal Reserve Chairman Jerome Powell says the U.S. economy appears durable with steady growth and unemployment near a half-century low but faces risks from the deadly virus in China. Giving the Fed’s semiannual monetary report to Congress, Powell said Tuesday ...

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Powell: Economy looks resilient despite risk of China virus

Federal Reserve Chairman Jerome Powell says the U.S. economy appears durable with steady growth and unemployment near a half-century low but faces risks from the deadly virus in China. Giving the Fed’s semiannual monetary report to Congress, Powell said Tuesday ...

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Fed signals steady interest rates as economic risks lessen

The Federal Reserve believes that downside risks to the U.S. economy have lessened with the easing of trade tensions and better prospects for global growth but officials note a concern that possible spillovers from a deadly virus in China represent ...

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Fed signals steady interest rates as economic risks lessen

The Federal Reserve believes that downside risks to the U.S. economy have lessened with the easing of trade tensions and better prospects for global growth but officials note a concern that possible spillovers from a deadly virus in China represent ...

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Fed’s odd dilemma: Low unemployment but pressure to do more

With the nation’s unemployment rate at its lowest point since human beings first walked on the moon, you might expect the Federal Reserve to be raising interest rates to keep the economy from overheating and igniting inflation. That’s what the ...

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Fed’s odd dilemma: Low unemployment but pressure to do more

With the nation’s unemployment rate at its lowest point since human beings first walked on the moon, you might expect the Federal Reserve to be raising interest rates to keep the economy from overheating and igniting inflation. That’s what the ...

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