Trouble On Main Street
The Federal Reserve launched a massive program to lend to small and midsize businesses. It has hardly loaned out anything.
Federal Reserve
Fed's Jerome Powell Calls For More Economic Aid, Warning 'Weakness Feeds On Weakness'
Powell renews his call for congressional action on the economy, but President Trump tells his representatives to stop negotiating on new relief until after the election.
As Economic Recovery Slows, Fed Sees Many Risks And Pledges Full Support
The Federal Reserve left interest rates near zero Wednesday and pledged it was ready to use all of its available tools to support an economic recovery that appears to be weakening.
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.
Racism Has An Economic Cost, Atlanta Fed President Warns
Raphael Bostic, president and CEO of the Federal Reserve Bank of Atlanta says his organization is committed to reducing racial economic inequities, which he says, is crucial to a stable economy.
The Latest Pandemic Shortage: Coins Are The New Toilet Paper
In another sign of how the coronavirus crisis is disrupting commerce, banks are running short of nickels, dimes and quarters. The Federal Reserve, which supplies banks, is having to ration change.
Jerome Powell Has The Most Humiliating Job In America
No Federal Reserve chair has ever been ridiculed publicly as much as Powell has. And that's despite the central bank's unprecedented efforts to save the American economy.
Market Meltdown: Dow Dives 1,800 Points On Worries Of 2nd Coronavirus Wave
The Dow and other stock indexes plunged as cases surged in several states and the Federal Reserve warned that the pandemic "will weigh heavily on economic activity."
Federal Reserve Vows To Help Economy Weather The Pandemic Recession
The Fed leaves interest rates near zero as expected, and promises to use all of its tools to support the economy. Officials project unemployment above 9% at the end of this year.