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
Fed's beige book signals economic optimism as COVID-19 vaccine rolls out
A Federal Reserve survey of business conditions across the United States has found that economic activity was expanding at a modest pace in February.
LIVE: Fed Chair Powell highlights, stocks rally
Full recap of Fed Chair Powell's second day of testimony on the U.S. economy.
GameStop soars 104%, as Dow flirts with 32,000 for the first time
U.S. stocks staged midday comeback.
Federal Reserve payment system crashed, service restored hours later
The Federal Reserve experienced a major technical outage.
Stock futures trade cautiously higher despite inflation concerns
Investors will be watching for more retail earnings and home sales numbers
LIVE updates: Market reaction, Fed Chair Powell testifies on economy
Highlights from Fed Chair Powell's remarks on the US economy.
Fed's Powell says US economic outlook still 'highly uncertain,' but wider vaccine rollout key
Federal Reserve Chairman Jerome Powell said Tuesday the U.S. economy remains in the throes of the coronavirus pandemic, telling Congress during his semi-annual testimony that the outlook is "highly uncertain."
Fed Minutes: Slowing economy remains a concern among officials
The Fed signals the ongoing public health crisis is still posing "considerable risks" to the economy.
Stocks end mixed as Fed's Powell warns on economy
Federal Reserve Chairman Jerome Powell warned the U.S. labor market remains fragile.
Fed's Powell: 'Still far from a strong job market'
Federal Reserve Chair Powell warned the U.S. job market is fragile and the employment picture is worse than at the worst point of the Great Recession.
Energy spike drives US consumer prices up in January
Energy costs jumped 3.5%, led by a 7.4% surge in gasoline.