Fed makes strongest bid yet to protect firms and governments
The Federal Reserve is unleashing its boldest effort yet to protect the U.S. economy from the coronavirus by helping companies and governments pay their bills and survive a devastating crisis.
Powell hints Fed will cut rates if needed over trade wars
Chairman Jerome Powell said Tuesday that the Federal Reserve is prepared to respond if it decides the Trump administration’s trade conflicts are threatening the U.S. economy.
Fed lifts rates for 4th time this year but sees fewer hikes
The Federal Reserve raised its key interest rate Wednesday for the fourth time this year to reflect the U.S. economy’s continued strength but signaled that it expects to slow its rate hikes next year.
Analysis: State budget practices receive mixed grades
A nonpartisan group that evaluates state government budget practices is giving mostly mid-level marks to Mississippi.
Trump nominates Jerome Powell to be next Fed chairman
President Donald Trump tapped Jerome Powell on Thursday to replace Janet Yellen as Fed chair when her term ends in February, choosing a moderate member of the Fed’s board who has backed Yellen’s cautious approach to interest rate hikes.
Yellen says Fed watching slowdown in inflation
Federal Reserve Chair Janet Yellen raised the possibility Wednesday that the Fed would consider slowing the pace of its interest rate increases if inflation remained persistently below its target level.
Fed raises its key interest rate from record low near zero
The Federal Reserve is raising interest rates from record lows set at the depths of the 2008 financial crisis, a shift that heralds modestly higher rates on some loans.
Fed at July meeting appeared to be moving closer to hike
Federal Reserve officials in their July discussions appeared to move closer to their first interest rate hike in nearly a decade but expressed wide-ranging concerns about wages, inflation and a significant slowdown in China.
Fed official to Kiwanis: Economic outlook good
Martha Perine Beard went out on a high note Wednesday.
Fed sees strengthening economy but stays ‘patient’ on rates
The Federal Reserve’s outlook for the U.S. economy is steadily brightening. Yet the Fed will be “patient” in raising interest rates from record lows.
Why the Federal Reserve thinks the economy still needs its help
If you didn’t know about the lingering damage from the Great Recession, the U.S. economy would appear remarkably strong.
How well did the Fed’s stimulus work?
Soaring inflation. A collapsing dollar. Bubbles in financial markets that would soon pop. One presidential candidate even suggested that the Federal Reserve chairman should be roughed up.
Federal Reserve to reduce pace of bond buying
Given the U.S. economy’s growing strength, the Federal Reserve pushed ahead Wednesday with a plan to shrink its bond-buying program, even though the prospect of reduced stimulus and higher interest rates has rattled global markets.
Stock market sets record after Fed keeps stimulus
NEW YORK — The stock market hit a record high Wednesday as investors cheered the Federal Reserve’s surprise decision to keep its economic stimulus program
Fed says big banks must improve financial cushions
WASHINGTON — The Federal Reserve says the nation’s largest banks need to do a better job of determining how much capital they need to cushion
Economy may need continued support from Fed
WASHINGTON — A key government report and a statement from the Federal Reserve made clear Wednesday that the U.S. economy still needs help. The economy
Stocks slide as Fed says bond purchases could slow
NEW YORK — Financial markets shuddered Wednesday after the Federal Reserve said it could start scaling back its huge economic stimulus program later this year
Federal Reserve to stick to same formula
The Federal Reserve is widely expected Wednesday to stick with its aggressive efforts to strengthen a still-subpar economy.
Fed sends clearer signal on keeping rates low
The Federal Reserve sent its clearest signal to date Wednesday that it will keep interest rates super-low to support the U.S. economy even after the job market has improved significantly.
As Fed ends meeting, many expect bold action
The Federal Reserve ends a two-day meeting today with expectations high for some new action to jolt the lackluster U.S. economy.