U.S. Economy

Boston Fed President Eric Rosengren warned the continued spread of the coronavirus could hinder the economy's recovery from the pandemic and the shutdown

White House senior adviser Kevin Hassett credited the Paycheck Protection Program (PPP) for the quick economic recovery after coronavirus.

Travel restrictions implemented in response to the outbreak of the virus grounded planes worldwide, gutting the travel industry.

In his capacity as chairman of the world's most powerful central bank, Powell is tasked with trying to ensure that, once the virus outbreak subsides, the American economy can return to pre-crisis levels.

The Fed's new tool will help organizations classify fraud independently of payment type, payment channel or other payment characteristics. 

Economists surveyed by Refinitiv forecast 1.3 million jobless claims

The coronavirus crisis and subsequent lockdown has caused a coin shortage for banks across the country, according to Fed's Powell

Wealthy Americans aren't tightening their purse strings because of a lack of cash, but because of fear over the novel coronavirus.

The SBA and Treasury Department released a new, five-page forgiveness application for small business owners who received a PPP loan

Ross said the U.S. is still opposed to the use of Huawei technology in 5G and 4G networks and maintained that spying is a real concern.

The Small Business Administration has so far not made public the list of roughly 4.6 million businesses that have received more than $512 billion from the pandemic emergency lending program since early April

Like a majority of countries in the world, the U.S. has a mixed economy.

The suit comes as advocates push for better access to government aid programs in underserved communities.

The group of economists also warned that the virus outbreak and the recession it caused would be "especially damaging" to communities of color

Powell cautioned that an economic downturn is not the time for the federal government to begin reducing the deficit.

The conservative leaders argued that further spending could derail the U.S. economy’s recovery from the virus outbreak and subsequent shutdown.

The Fed responded to the pandemic by taking a range of extraordinary actions to support the economy, including slashing interest rates to near-zero.

Sales plunged 16.4 percent in April during the coronavirus lockdown, but posted a record jump in May

Powell returns to Congress on Tuesday for his semiannual testimony after a four-month interval in which unemployment rose from a 50-year low to an 80-year high

The underemployment rate in May was 21.2 percent, while the unemployment rate was 13.3 percent.