No, You Are Not Imagining It. Prices For A Lot Of Things Did Jump In April
Prices for a range of goods from used cars to bacon surged last month, pushing consumer inflation to 4.2% in April, the highest since September 2008.
Fed
Fed's Jerome Powell: Jobless Rate Better Than Expected; Recovery To Take A Long Time
In an interview with NPR, Powell says it may take years before the economy has fully recovered. He says practicing social distancing and wearing masks is essential for the economy to rebound.
Fed Prepared To Let Economy Run Hotter
The Federal Reserve is adjusting its long-range policy on inflation and employment. The central bank said it's now more concerned with prices that are too low than with runaway inflation.
The Fed Helped Companies Borrow Money. Some Laid Off Thousands Anyway
Companies can borrow money from the Federal Reserve under its new lending programs. It's been good for the stock market, but the central bank's effort to help the economy has had lopsided results.
Senators Clash Over How Soon To Reopen The Economy
Lawmakers squabbled over how quickly the economy can rebound from the coronavirus shutdown and whether the government is doing enough to support struggling families and businesses.
Fed's Powell Says Sharp Downturn Won't Last
Fed Chairman Jerome Powell warns it could be another year and a half before the U.S. recovers from the economic fallout of the pandemic. But he says this will not be another Great Depression.
Fed Chief Says More Relief Spending May Be 'Costly, But Worth It'
Jerome Powell said the economy should recover once the coronavirus is under control. But the central bank chief cautioned that without more help, many small businesses may not survive that long.
Why Is The Fed Sending Billions Of Dollars All Over The World?
As COVID-19 causes a global meltdown, the world turns to the U.S. Federal Reserve.
Mission Critical To Save The Economy: Fed Goes Even Bigger With Massive Loan Help
In its latest salvo, the Federal Reserve announced $2.3 trillion in new lending programs in an effort to keep businesses and local governments afloat during the coronavirus pandemic.
Fed Goes All Out To Keep Economy Alive During Coronavirus Shutdown
The Federal Reserve has moved quickly and creatively to pump money into the rapidly shrinking U.S. economy in hopes of keeping it afloat long enough to outlast the coronavirus pandemic.