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 ...

Tagged with: coronavirus economic impact coronavirus job loss Federal Reserve Chair Jerome Powell Jerome Powell Trump coronavirus US economy US jobs US recession

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 ...

Tagged with: Fed's key rate Federal Reserve Jerome Powell the Fed

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 ...

Tagged with: Fed's semiannual monetary report Federal Reserve Federal Reserve Chairman Jerome Powell Jerome Powell

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 ...

Tagged with: Fed's semiannual monetary report Federal Reserve Federal Reserve Chairman Jerome Powell Jerome Powell

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 ...

Tagged with: Fed Federal Rates Federal Reserve Chairman Jerome Powell interest rates Jerome Powell U.S. economy

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 ...

Tagged with: Fed Federal Rates Federal Reserve Chairman Jerome Powell interest rates Jerome Powell U.S. economy

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 ...

Tagged with: Federal Reserve Feds inflation Jerome Powell Trump administration unemployment

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 ...

Tagged with: Federal Reserve Feds inflation Jerome Powell Trump administration unemployment