Tag: Federal Reserve

WASHINGTON (AP) — Will mortgage rates go up? How about car loans? Credit cards? How about those nearly invisible rates on bank CDs — any chance of getting a few dollars more? With the Federal…

U.S. consumer prices rose last month at the fastest annual pace in nearly 40 years, magnifying how rapid and persistent inflation is eroding paychecks and increasing pressure on the Federal Reserve to tighten monetary policy.…

Lost in the melodrama of Rose Garden superspreading, West Wing outbreaks, “Evita/Covita” balcony moments, vice presidential fly sightings and claims of miracle therapies was Federal Reserve Chairman Jerome Powell’s desperate call for Congress to pass…

Jerome H. Powell Tuesday told the nation’s policymakers they would need to spend some more money if they had any hope of avoiding a weak recovery and inflicting untold pain on millions of American households.…

Prizing loyalty over qualifications, President Donald Trump has nominated several economists with oddball or inconsistent views of monetary policy for seats on the Federal Reserve Board of Governors, along with several with solid credentials. The…

WASHINGTON — The Treasury Department has disbursed less than 8% — just $37.5 billion of $500 billion — of the emergency funds that Congress approved two months ago for loans and loan guarantees to help stabilize the economy,…

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell warned Wednesday of the threat of a prolonged recession resulting from the viral outbreak and urged Congress and the White House to act further to prevent long-lasting…

At 5:12 a.m. on April 18, 1906, the northernmost 296 miles of the San Andreas fault ruptured. The quake lasted 55 seconds, and the eastern side of the fault moved 24 feet. The shaking and…

WASHINGTON (AP) — In its boldest effort to protect the U.S. economy from the coronavirus, the Federal Reserve says it will buy as much government debt as it deems necessary and will also begin lending…

The Federal Reserve slashed interest rates by half a percentage point in the first such emergency move since the 2008 financial crisis, amid mounting concern that the coronavirus outbreak threatens to slow or stall the…