Fed's Powell says US economy may return to pre-crisis levels 'much sooner' than expected
Federal Reserve Chairman Jerome Powell said Thursday the U.S. economy could return to a pre-coronavirus pandemic level "fairly soon" thanks to a torrent of monetary and fiscal aid over the past year.
Fed survey finds economy slowing in some areas of country
The Fed's 12 regions reported modest gains in economic activity in recent weeks
Fed supported advance notice before changing bond purchases
The central bank is making the monthly bond buys to provide further help to an economy
Janet Yellen has made millions in speaking fees, records show: reports
If Janet Yellen wins Senate confirmation to become Joe Biden’s treasury secretary, she may find herself with a dramatic reduction in income.
US economy's wild ride during COVID pandemic gives clues for 2021
For the economy, 2021 should be a less volatile year.
Fed extends Main Street Lending Program
The Federal Reserve announced on Tuesday that it has extended the termination date of Main Street Lending Program facilities to Jan. 8, 2021.
Record low mortgage rates, homebuilders keep market hot
Homebuilders are blown away by the housing market's strength.
US dollar sinks under Fed's pledge to keep rates low during coronavirus swoon
The U.S. dollar on Thursday plunged to a more than 2.5-year low against a basket of its peers after the Federal Reserve pledged to keep interest rates low until the economy shows signs of a sustainable recovery.
Stocks futures gain on stimulus optimism
Traders will examine the latest jobless figures as well as housing starts
Fed chair says he’s met with Biden’s team, spoken to Yellen
Federal Reserve Chair Jerome Powell on Wednesday said he has been in contact with President-Elect Joe Biden’s transition team, including his predecessor at the central bank – Janet Yellen – who has been tapped to lead the Treasury Department.
Nasdaq hits record as Fed holds, coronavirus stimulus talks gain steam
The Fed is now more optimistic on the economy next year.
Powell worries US small businesses may not withstand final stretch of pandemic damage
The Fed chair said it would be “bad” to see people lose their livelihoods because they couldn’t make it through the last few months of the economic turmoil.
Fed holds rates near zero but expects economy to improve in 2021
The U.S. central bank, as widely expected, held the benchmark federal funds rate at a range between 0% and 0.25%, where it has been since mid-March.
Chair Powell's Q&A, market reaction: Recap
Fed Chair Powell wraps up a historical 2020 for policymakers.
Stock futures trade higher ahead of retail sales, Fed decision
Investors will also get reports on manufacturing, services and housing
Fed faces tricky act balancing impact of vaccines against economic pain
Fed officials at the median saw the economy growing 4% next year and the unemployment rate falling to 5.5%. Analysts expect both figures to be upgraded
Senate clears Trump Federal Reserve nominee Chris Waller
One of Trump's two nominees for the Federal Reserve Board of Governors made the cut.
Fed's Beige Book: Coronavirus uptick hits regional economic activity
Lockdowns are hitting regional economies.
Warren presses Fed chairman on need to cancel student loan debt
Sen. Elizabeth Warren, D-Mass., continued her push for the cancelation of student loan debt Tuesday, making her case to Federal Reserve Chairman Jay Powell that President-elect Joe Biden should immediately take action when he takes office in January.
Powell, warning of moderating economic recovery, says outlook is 'extraordinarily uncertain'
Federal Reserve Chairman Jerome Powell warned the pace of the U.S. economic recovery from the coronavirus pandemic has moderated in recent months and said the outlook remains "extraordinarily uncertain" amid a recent surge in infections across the country.