Fed's Jerome Powell, Treasury's Janet Yellen talk COVID-19 relief
Jerome Powell and Janet Yellen gave their take on the COVID-19 relief progress.
Fed’s Powell: Economic recovery ongoing but far from complete
Federal Reserve Chair Jerome Powell is set to testify before the House Financial Services Committee on Tuesday, where he will update lawmakers about the ongoing economic recovery amid the coronavirus pandemic.
Fed's Powell says delayed stimulus payments present short-term challenges
Federal Reserve Chairman Jerome Powell said Monday the coronavirus pandemic exposed weaknesses in the global payment system, including the delays in stimulus check deliveries to millions of Americans.
Fed may hike rates sooner than 2023: NABE
About 46% of NABE members surveyed believe the Federal Reserve will raise the federal funds target in 2022, while 12% say later this year. Approximately 28% believe interest rates will be raised in 2023 and 12% believe the rate hike will come after 2023.
Dow falls 234 points but Nasdaq battles even with higher bond yields
U.S. equity markets finished mixed Friday as the Nasdaq rebounded while the Dow Jones Industrial Average and the S&P 500 lost ground.
Fed tells banks relaxed COVID capital rules ending
The Federal Reserve tells banks capital requirement rules eased during COVID-19 will end.
GOP senators warn Federal Reserve on climate change actions
Republican members of the Senate Banking Committee sent a letter to Federal Reserve Chairman Jerome Powell warning him against using the central bank’s regulatory authority to implement climate change regulations, which is beyond the scope of its mission.
Fed Chair Powell says the CARES Act and other rescue efforts saved the economy from Armageddon
Powell reflects on government’s role in keeping pandemic economy from imploding.
Fed's Powell talks inflation, jobs and rates staying low
Fed Chair Powell sees an improving economy.
Tax Foundation president: Economists 'very concerned' about stimulus amount
Tax Foundation President Scott Hodge warned on Wednesday that economists are currently “very concerned about the amount of stimulus money that’s been put into the economy."
Fed holds rates near zero, but lifts growth outlook as US economic recovery strengthens
The Federal Reserve said Wednesday that it would continue holding interest rates near zero and reaffirmed its commitment to other easing policies.
Yellen projects full employment in 2022, interest rates to remain low
Treasury Secretary Janet Yellen believes that 2022 will see a return to full employment, crediting the recently passed COVID-19 relief bill as a major step down the path toward recovery.
$1.9T COVID stimulus ‘exactly the amount’ needed to achieve full employment: Moody's economist
Moody's Analytics chief economist Mark Zandi says now is the time for "aggressive" fiscal support.
New stimulus could drive markets to ‘new high’ in short term: Portfolio manager Dan Niles
Markets will “potentially get to a new high” in the short term driven by all the new stimulus, but “inflation going up is going to become a big problem” by mid-2021, Dan Niles, founder and senior portfolio manager for the Satori Fund said.
US blocked Myanmar junta attempt to empty $1B New York Fed account - sources
The attempt came after Myanmar's military installed a new central bank governor and detained reformist officials during the coup
US job growth likely rose in February in rebound from slump
Economists have forecast that job growth reached 182,000 last month
Powell says inflation could see temporary spike, but pledges Fed will be patient
Federal Reserve Chairman Jerome Powell said Thursday that inflation could temporarily rise as the U.S. economy reopens from the coronavirus-induced shutdowns.
Fed's Powell talks economy, jobs: Read highlights
Fed's Powell gives clues on inflation and when rates could move higher.
Stock futures trade lower ahead of Powell comments
The Labor Department will report its tally of new claims for unemployment benefits
Rising bond yields spook world shares as investors look to Powell
Powell is due to speak Thursday at 12:05 p.m. EST