Tag: Federal Reserve

• Thursday, December 17th 2020 - 10:16 UTC

  Fed urges more fiscal stimulus and confirmed monthly purchase of US$ 120 billion in bonds

  

  The Federal Reserve concluded its final meeting of a tumultuous year on Wednesday, as policymakers weigh a mixed bag of economic signals in setting the central bank’s course for the new year and beyond.

• Tuesday, November 24th 2020 - 09:06 UTC

  Janet Yellen, ex-Fed chair expected to become next Treasury Secretary

  

  Former Federal Reserve Chair Janet Yellen will serve as the 78th Treasury Secretary of the U.S., the Wall Street Journal reported Monday afternoon, citing people familiar with President-elect Joe Biden’s transition team.

• Monday, July 27th 2020 - 09:07 UTC

  White House advisor predicts US economy will recover 20% in III and IV quarters

  

  The US economy will grow on the order of 20% in the third and fourth quarters, a top White House economic adviser predicted on Sunday, despite reopening setbacks linked to a coronavirus resurgence.

• Wednesday, July 15th 2020 - 08:57 UTC

  US consumer prices rebounded 0,6% in June; gasoline climbed 12,3% after sliding the previous five months

  

  US consumer prices rebounded by the most in nearly eight years in June, but a resurgence in new COVID-19 cases after the reopening of businesses suggests moderation in demand that could keep inflation muted and allow the Federal Reserve to keep injecting money into the ailing economy.

• Thursday, July 9th 2020 - 08:55 UTC

  Federal Reserve officials raise doubts about US recovery durability

  

  Federal Reserve officials raised fresh doubts on Wednesday about the durability of the U.S. recovery, while new business surveys highlighted developing risks from the relentless coronavirus pandemic.

• Thursday, June 11th 2020 - 13:17 UTC

  Fed anticipates near zero rate through 2022 and will keep buying bonds

  

  The United States Federal Reserve says it will keep buying bonds to maintain low borrowing rates and support the U.S. economy in the midst of a recession. And it says nearly all the Fed's policymakers foresee no rate hike through 2022.

• Monday, May 18th 2020 - 08:15 UTC

  Fed chief forecasts US economy could easily contract 20 to 30% this quarter

  

  The business shutdowns caused by the coronavirus pandemic could “easily” cause the US economy to collapse by 20 to 30% this quarter, Federal Reserve Chair Jerome Powell said on Sunday. Data show more than 30 million jobs were destroyed in the world's top economy, as businesses were shuttered nationwide amid the efforts to stop the spread of COVID-19.

• Wednesday, May 13th 2020 - 07:37 UTC

  Fed says US households will need more fiscal support and forecasts 20% unemployment

  

  United States businesses and households are going to need more fiscal support to get through what will likely be a longer period of recovery from the coronavirus shutdown than initially expected, Federal Reserve policymakers said on Tuesday.

• Thursday, April 30th 2020 - 07:48 UTC

  US economy down 4.8% in first quarter and an “unprecedented” drop forecasted for the second quarter

  

  The U.S. central bank that has already slashed interest rates to zero reiterated on Wednesday they will stay there until the economy is clearly back on track. It has also rolled out around US$ 2 trillion in lending commitments, and Fed chief Jerome Powell said it was ready to do more as needed.

• Thursday, April 30th 2020 - 07:28 UTC

  Fed admits public health situation will “weigh heavily on economic activity, jobs and inflation”

  

  The Federal Reserve on Wednesday left interest rates near zero and repeated a vow to do what it takes to shore up the U.S. economy amid an ongoing coronavirus pandemic that will not only “weigh heavily” on the near-term outlook but poses “considerable risks” for the medium term as well.