Fed brings the global financial system back from the abyss
Sitting calmly in front of a bookshelf filled with thick volumes of the "Federal Reserve Bulletin," Jerome Powell this week set out to offer a simple explanation for the complicated steps the U.S. central bank is taking to relieve dire stresses in the global ...
Fed slashes rates and central banks pull out stops to cushion coronavirus blow
The U.S. Federal Reserve slashed rates back to near zero, restarted bond buying and joined with other central banks to ensure liquidity in dollar lending to help put a floor under a rapidly disintegrating global economy during the coronavirus pandemic. And in a dramatic move ...
Market uptick short-lived after Fed tries to restore calm with bond buy
The U.S. Federal Reserve moved Thursday to try to ease disruptions in the financial markets stemming from concerns over COVID-19 by announcing that it would sharply increase its purchases of short-term Treasury bonds. The Fed said it would make available at least $2 trillion in ...
Dollar bills from China are going into quarantine due to the coronavirus epidemic, as the Federal Reserve is putting extra precautions on money coming into the United States. The new procedures "provide for a longer holding period" so that currency coming from China or anywhere ...
Follow the Fed? Why central banks won't be rushed on COVID-19 response
Will the world's big central banks leave U.S. Federal Reserve Chair Jerome Powell hanging? They're certainly going to try. No major central bank has yet matched the Fed's emergency rate cut in response to the coronavirus outbreak, and there is mounting evidence that its counterparts ...
The emergency rate cut from the U.S. Federal Reserve seemed to stoke rather than soothe fears over the coronavirus’ widening global economic fallout.
'No reason' rising U.S. wages and job gains can't continue, says Fed chief Powell
Federal Reserve Chair Jerome Powell on Wednesday reiterated his confidence in the sustainability of the record-long U.S. economic expansion, now in its 11th year. "There's no reason why the current situation of low unemployment, rising wages, high job creation — there's no reason why it ...
Paul Volcker, the towering former Federal Reserve chairman who tamed U.S. inflation in the 1980s and decades later inspired tough Wall Street reforms in the wake of the global financial crisis, died Monday at the age of 92, according to his daughter, Janice Zima. Volcker, ...
Wall St. higher as Fed chief Jerome Powell says U.S. economy is in 'good shape'
Wall Street's main indexes rose on Wednesday as Federal Reserve Chairman Jerome Powell said the domestic economy was in good shape and the central bank saw a "sustained expansion" ahead. This helped ease nerves on Wall Street, which opened lower after President Donald Trump on ...
Fed cuts rates again to weather China-U.S. trade war but signals more tentative mood
The Federal Reserve on Wednesday cut interest rates for the third time this year to ensure the U.S. economy weathers its trade war without slipping into a recession, but signaled it will leave borrowing costs where they are unless things take a material turn ...
BOJ starts policy meeting as weak inflation fuels easing expectations
The Bank of Japan began a two-day policy meeting Wednesday, with market participants expecting the central bank to cut its inflation forecasts, a move that would raise pressure for it to take additional steps to stimulate the economy. The BOJ will study the possibility of ...
Trump again attacks Fed, calling central bank 'derelict in its duties'
President Donald Trump once again attacked the U.S. Federal Reserve on Thursday, calling for more interest rate cuts to stimulate the American economy just days before the key policy meeting. "The Federal Reserve is derelict in its duties if it doesn't lower the Rate and ...
