Coronavirus restrictions ease across America
At least 14 U.S. states are easing lockdown restrictions on Monday, including Florida, which will allow gyms and fitness centers to reopen at 50 percent capacity.
Fed's Powell warns coronavirus recovery could stretch through end of 2021
Powell appeared to push back against the possibility of a so-called "V-shaped" rebound, noting it was "unlikely" the U.S. will bounce back to pre-crisis levels by the end of the year.
Fed's Powell: GDP could sink by 30% in second quarter, may turn positive in third quarter
In a "60 Minutes" interview with Scott Pelley on Sunday, Federal Reserve Chairman Jerome Powell predicted the economy would "decline substantially" in the second quarter, as much as four times compared to the previous year.
Who is Chicago Fed President Charles Evans?
Before working for the Chicago Fed, Evans taught at the collegiate level.
Grocery bills may spike after coronavirus disruptions, Wegmans warns
Grocery stores across the U.S. have been faced with a slate of issues stemming from the outbreak.
Kudlow floats cutting corporate tax rate in half for companies returning production to US
The corporate tax rate is 21 percent - but could go as low as 10.5 percent for companies that return production to the U.S.
US consumer sentiment inches higher unexpectedly following coronavirus stimulus checks
Despite the modest gains, personal financial prospects for the year ahead continued to decline, falling to the lowest level in nearly six years.
Industrial production plunges unprecedented 11.2% in April
The Federal Reserve said Friday that its industrial production index plunged a record 11.2% in April.
New York manufacturing activity improves in May, but still in contraction
Economists polled by The Wall Street Journal had expected the indicator to be at a lower level of minus 60.0.
Will you get a second coronavirus stimulus check? Everything we know so far
A House bill released earlier this week faces a steep, uphill battle: Senate Republicans have decried the bill as a "liberal wish list"
Retail sales plunge a record 16.4% in April as coronavirus freezes economy
In the two months since the virus paralyzed the economy, more than 33 million Americans have filed for first-time unemployment benefits.
Who is Dallas Fed President Robert Kaplan?
The 63-year-old serves as the president and CEO of the Dallas Fed
Coronavirus pandemic hit poorest Americans the hardest, Fed says
From the beginning of March through early April, 19 percent of adults reported losing a job, being furloughed or having their hours reduced.
Over 2.98M Americans filed for unemployment benefits last week, pushing two-month coronavirus job losses to 36M
The number comes on the heels of the April jobs report, which revealed that in the span of one month, more than 20 million people found themselves out of work.
Who is Minneapolis Fed President Neel Kashkari?
Kashkari serves as the president of the Federal Reserve Bank of Minneapolis.
Fed's Powell rules out negative interest rates, despite Trump pressure
Powell has pledged that interest rates will remain at the historically low level until the U.S. weathers the outbreak of the virus.
Congress has funneled trillions to coronavirus relief efforts. Where is that money going?
Even with the unprecedented injection of aid, the jobless rate in April hit 14.7 percent, the highest on record since the Great Depression.
Fed's Powell says US economy may need more policy help to avoid 'prolonged recession'
Avoiding a prolonged recession may require additional policy measures, Powell said.
Companies start reaping billions in tax breaks to ride out economic slump
The breaks with the biggest impact now are retroactive changes designed to get cash to companies quickly.
Uber, Lyft would owe California $413M in unemployment taxes if drivers were treated like employees, report says
But taxpayers across the country will be covering the cost of their unemployment insurance.