Federal reserve
Ex-Fed Chair Thinks Thursday's Jobless Claims Could Top 6.6 Million Record
The former chair of the Federal Reserve made the suggestion during a conference call with House Democrats on how the coronavirus pandemic is hurting the economy.
JP Morgan CEO Says Coronavirus Economic Downturn Will Be Similar to 2008
"There should have been a pandemic playbook," Dimon wrote in a letter to shareholders, noting that the U.S. was not prepared for the crisis.
Economists Warn Full Recovery Could 'Take Years' as Fed Index Collapses
The global economy is also on course for its worst year since the end of the Second World War, Capital Economics said.
47 Million Americans at High Risk of Layoffs: Federal Reserve
The U.S. Federal Reserve analysts said the unemployment rate may soar past 32 percent and the coronavirus freeze on the economy could cost 47 million Americans their jobs.
Federal Reserve Chairman Says U.S. Economy 'May Well Be in a Recession'
Jerome Powell said in a rare interview he believed there could be a "good rebound" on the back of the economy's pandemic-related decline.
Former Fed Chair Says We Shouldn't Put People Back to Work Amid Crisis
"Because people start getting sick, the hospitals get overflowing and then people will isolate themselves," Ben Bernanke explained.
National Debt Could Surpass $25 Trillion With Coronavirus Spending
Prior to the pandemic, the U.S. was already expecting a budget deficit of about $1 trillion for the current fiscal year.
Who Will Receive Coronavirus Economic Relief Benefits? Treasury Sec Details
Steve Mnuchin laid out how Americans are likely set to receive more than $2 trillion in economic stimulus funds that the federal government is dispersing as a "bridge to get through" coronavirus shutdowns.
Coronavirus Recession May Cause 'Financial Catastrophe' for U.S. Households
Millions of households are braced for a sudden loss of income as President Donald Trump admits that there "may be" a recession because of the coronavirus pandemic.
Federal Reserve Slashes Interest Rates to Near 0% Amid Coronavirus Pandemic
The central bank also urged banks to supply credit to the economy through the elimination of reserve requirements.
Federal Reserve Announces 1st Emergency Rate Cut Amid Coronavirus Outbreak
The U.S. Federal Reserve cut interest rates by a half percentage point Tuesday morning as a means of pushing back against a recent downturn tied to the coronavirus illness—and not from Trump's pressure, Chairman Jerome Powell said.
The Fed's Cryptocurrency Head Fake
A closer parsing of the Fed chair's words suggests we should be skeptical. Cryptocurrencies are more than just electronic money.
Trump's Tariffs Hiked Prices and Reduced Jobs, Says Federal Reserve Study
The Federal Reserve study said tit-for-tat tariffs resulted in reduced competitiveness and higher costs for industry.
The Starting 5: Impeachment, Recep Tayyip Erdogan, Country Music And More
From the first public impeachment hearings to the midnight cut off for this month's Democratic debate, this is going to be a big day.
Are Banks Open on Columbus Day?
A guide to the banks that are open or closed for Columbus Day, plus top facts about the holiday.
Glenn Beck Sounds Alarm on Economy Over Repo Market: 'I'm Warning You'
The conservative BlazeTV host, who has made predictions of economic doom before, claimed the Fed is "printing money to bail out the banks again."
Most Voters Will Blame Donald Trump if America Enters Recession: Poll
President Donald Trump has pointed the finger at the Federal Reserve amid talk of a recession, but voters are looking at him.
Are Banks Open or Closed on Labor Day 2019?
Labor Day 2019 falls on September 2. Will your bank branch be open or closed on the holiday this year?
Former Fed Chairs Warn Trump Not to Mix Politics and Monetary Policy
"Are you listening Federal Reserve? This is a major violation which will greatly weaken China over time!" Trump Tweeted
Fed Cuts Rate for First Time Since 2008, Citing Trade Uncertainty
"Through the course of the year, weak global growth, trade policy uncertainty and muted inflation have prompted the [Federal Open Market Committee] to adjust its assessment of the appropriate path of interest rates," Fed Chair Jerome Powell said.
Ex-Federal Reserve Chair Janet Yellen Agrees With Trump: Cut Rates
"The global economy has weakened. I think partly it's because of conflicts over trade and the uncertainty that's caused for businesses," Yellen said.
Fed Leaves Rates Unchanged but Economists Expect Cut Soon
The last time the Fed cut rates, the economy was plunging into recession, Uber and Lyft hadn't been launched and the first iPad hadn't been released.
Sanders Calls for 'Political Revolution'
"Polls go up and polls go down," the Vermont Senator said blithely when asked to explain his slight dip in national polling.
Senate Democrats Want Federal Reserve to Probe Deutsche Bank's Trump Ties
The lawmakers are skeptical of why the financial institution failed to report suspicious banking activity associated with accounts of the president and his son-in-law to federal authorities.
Herman Cain: God Will Tell US When to Quit Fossil Fuels
Herman Cain, who President Donald Trump recently recommended for a seat on the Federal Reserve board, said God will "figure out" when the U.S. should stop relying on fossil fuel energy.
John Oliver Takes Down Trump's Federal Reserve Picks
Trump wants to install "people that will do exactly what he tells them to do," Oliver said.
Herman Cain's Most Bizarre Moments
Fed nominee Herman Cain has a history of gaffes and notorious moments from his years on the campaign trail that could be hard to shake off during a Senate confirmation hearing. Here are a few of them.
Fed Chairman Jerome Powell Says Trump Can't Fire Him
The Fed has often been the target of criticism from the Trump administration, and toward the end of last year, the president had reportedly discussed firing Powell.
Trump Doesn't Understand the Fed: Yellen
Janet Yellen, who was chair of the Federal Reserve until 2018, said President Donald Trump lacks economic knowledge.
Global Markets Plunge as Trump Attacks Federal Reserve
U.S. stocks headed into the festive season on the back of a four-session losing streak.