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Federal Reserve

Fed: Rates to stay ultra-low even after inflation picks up

by Associated Press
Aug 27, 2020
The change will allow the central bank to keep interest rates low even if inflation tops its 2% target.
Federal Reserve Chair Jerome Powell is announcing a major change in policy Thursday that will allow the central bank to keep interest rates low even if inflation tops its 2% target.
Tasos Katopodis/Pool/AFP via Getty Images
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COVID-19

Boston Fed president: We need fiscal policy until pandemic is under control

by David Brancaccio , Candace Manriquez Wrenn and Daniel Shin
Aug 18, 2020
Eric Rosengren says that the Fed's Main Street Lending Program started off slow, but interest in borrowing has increased.
The Federal Reserve is doing its part to help support businesses with a pile of money to lend to small- and medium-sized operations.
Karen Bleier/AFP via Getty Images
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Is the dollar no longer king in the international economy?

by Scott Tong
Aug 10, 2020
Pick a currency, any currency. Chances are, it gained against the U.S. dollar last month.
It won't be easy to knock off the U.S. dollar. When governments save their money, they overwhelmingly save in dollars.
Mark Wilson/Getty Images
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COVID-19

Post COVID-19, the Fed and the Feds will have to tread carefully

by Sabri Ben-Achour
Aug 3, 2020
The nature of the economic crisis resulting from the pandemic means we know little about how to deal with its aftermath.
Federal Reserve Chair Jerome Powell, left, and Treasury Secretary Steven Mnuchin greet each other after testifying before a House committee in June. For now, the Fed is more focused on keeping people employed than inflation.
Tasos Katopodis/Getty Images
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COVID-19

Fed sees dim economic outlook as virus squeezes economy

by Associated Press
Jul 29, 2020
The Fed said while the economy has rebounded from the low in March and April, the pandemic will have lasting effects.
Federal Reserve Chair Jerome Powell testifies before the House Financial Services Committee on Capitol Hill on June 30, 2020 in Washington, D.C.
Tasos Katopodis/Getty Images
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If the Fed's nominees were confirmed, could they change monetary policy?

by Andy Uhler
Jul 28, 2020
The central bank's board of governors is designed with checks and balances, so one member's influence would be limited.
Judy Shelton, left, and Christopher Waller testify during a hearing on their nominations to the Federal Reserve board of governors in February.
Sarah Silbiger/Getty Images
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COVID-19

Where did all the coins go?

by Kai Ryssdal and Bennett Purser
Jul 22, 2020
The Federal Reserve is hoping a task force can solve the shortage of change in the economy.
A number of economic factors, including lower-than-normal labor force participation, declining immigration, and retirements among Baby Boomer-aged workers means that labor shortages may persist well into the future.
Photo by Brad Lee/AFP via Getty Images
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Trump Fed nominee advances in Senate despite support for gold standard

by Mitchell Hartman
Jul 21, 2020
Judy Shelton's unpopular view sheds light on why the U.S. and most other economies abandoned linking their currencies to gold
Once upon a time, gold was the currency of the United States.
Mario Tama/Getty Images
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Powell says U.S. economy facing heightened uncertainty

by Associated Press
Jun 29, 2020
Powell said the re-opening occurred sooner than expected, with hiring and consumer spending both picking up in May.
Federal Reserve Board Chairman Jerome Powell
Alex Wong/Getty Images
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Stocks sink as virus cases spike

by Associated Press
Jun 11, 2020
The Federal Reserve said the road back to recovery would be long, dimming some of the optimism investors.
Don Emmert/AFP/Getty Images
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