Federal Reserve Chair Jerome Powell underscored the U.S. economy’s ongoing weakness Tuesday in remarks that suggested that the Fed sees no need to alter its ultra-low interest rate policies anytime soon.
The Fed announced no new actions after its latest policy meeting but left the door open to provide further assistance in the coming months.
According to the Federal Reserve, the gap between the rich and the not-so-rich in the U.S. is getting wider. What that new data may mean for economic inequality in America.
Federal Reserve Chair Jerome Powell warned Tuesday that a tentative recovery from the pandemic recession could falter unless the federal government supplies additional economic support.
Whether piled up in change jars, cup holders or couch crevices, coins are not circulating, and that makes it difficult for businesses to deal in cash, the U.S. Coin Task Force says. Here’s how to help.
A conversation with with the Nobel Prize-winning economist and New York Times opinion columnist about his new book, “Arguing With Zombies: Economics, Politics, and the Fight for a Better Future.”
While the U.S. economy continues its record-breaking expansion, some wonder whether the Fed reacted to softening global markets or perhaps even pressure from President Donald Trump.
The Fed under Chairman Jerome Powell has signaled that rising economic pressures — notably from President Donald Trump’s trade wars and from a global slowdown — have become cause for concern. So has an inflation rate that remains chronically below the Fed’s target level.
Chairman Jerome Powell didn’t explicitly say what the Federal Reserve would do. But expectations are rising that the Fed will cut rates at least once and possibly two or more times before year’s end, in part because of the consequences of the trade war.
The Federal Reserve hikes its benchmark interest rate for the fourth time this year, by one-quarter of 1 percent to 2.5 percent. We discuss the outlook for the markets and the economy.
A market that has grown used to cheap money over the past decade is becoming increasingly concerned that the Federal Reserve will aggressively raise benchmark interest rates.
President Donald Trump is boasting a booming economy, but will higher interest rates stop it?
While Fed Chair Janet Yellen ends her tenure on an upbeat note, are there storm clouds ahead for the economy?
Median incomes in America are on the rise. What will be the response of a Federal Reserve Board with vacancies?
Another record-setting day on Wall Street. What’s propelling the stock surge—and can it last?