Post Tagged with: "Fed Chairman Jerome Powell"

Fed Chair Powell: Wearing masks will help bring U.S. economy back

Fed Chair Powell: Wearing masks will help bring U.S. economy back

CNBC


Federal Reserve Chairman Jerome Powell reiterated on Wednesday that the economic recovery is dependant on how the country handles the coronavirus pandemic.

“As we have emphasized throughout the pandemic, the outlook for the economy is extraordinarily uncertain, and will …

November 6, 2020 - 3:30 pm Closing Bell Story‎, Economy
Source: CNBC

Federal Reserve releases minutes for June meeting

CNBC


The Federal Reserve on Wednesday released the minutes from its June 9-10 meeting, during which it held interest rates steady and had an in-depth discussion about capping bond yields and strengthening its guidance about where policy will be set …

July 1, 2020 - 2:00 pm Closing Bell Story‎, Economy, Finance, Regulatory
Source: CNBC

A tale of two recessions: Some Americans thrive as others suffer

CNBC


The recession caused by the coronavirus pandemic is playing out across stark — and widening — fault lines in America.

Lower earners, those with less schooling, women and minority groups have borne the brunt of the economic pain driven …

June 19, 2020 - 1:30 pm Closing Bell Story‎, Economy, Finance
Source: CNBC

Fed sees interest rates staying near zero through 2022, GDP bouncing to 5% next year

CNBC


The Federal Reserve kept interest rates near zero and indicated that’s where they’ll stay as the economy recovers from the coronavirus pandemic.

Along with the rate decision, central bankers projected Wednesday that the economy will shrink 6.5% in 2020, …

June 10, 2020 - 2:30 pm Economy, Finance, Regulatory
Source: CNBC

Powell says GDP could shrink more than 30%, but he doesn’t see another Depression

CNBC


The U.S. economy could shrink by upwards of 30% in the second quarter but will avoid a Depression-like economic plunge over the longer term, Federal Reserve Chairman Jerome Powell told “60 Minutes” in an interview aired Sunday.

The central …

May 18, 2020 - 1:00 pm Closing Bell Story‎, Economy, Finance, Regulatory
Source: CNBC

Powell says more policy help may be needed to pull the US out of economic downturn

CNBC


Federal Reserve Chairman Jerome Powell said Wednesday that policymakers may have to use additional weapons to pull the country out of an economic mire that has cost at least 20 million jobs and caused “a level of pain that …

May 13, 2020 - 3:00 pm Closing Bell Story‎, Economy, Finance, Regulatory
Source: CNBC

Fed will keep rates near zero until economy has ‘weathered’ coronavirus impact, minutes show

CNBC


The Federal Open Market Committee released minutes Wednesday of its March 15 meeting, during which it lowered its benchmark interest rate to near zero.  The meeting summary indicated that not only did members believe it was important to use …

April 8, 2020 - 2:30 pm Closing Bell Story‎, Economy, Finance, Jobs
Source: NBC

US economy grew at 2.1% rate in fourth quarter

CNBC


The economy grew by a moderate 2.1% in the fourth quarter of last year, but many economists believe that will be the last positive growth seen for some time as the country endures a sharp contraction due to the …

March 26, 2020 - 2:00 pm Economy, Jobs, Regulatory, Uncategorized
Source: Reuters/Jose Nunez

Oil edges up ahead of U.S. storage data as OPEC, Fed see robust economy

Reuters


Oil prices edged up on Wednesday after the Organization of the Petroleum Exporting Countries said it saw no signs of global recession and rival U.S. shale oil production could grow by much less than expected in 2020.

Also supporting …

Oil Slumps 7% as Trump Announces Additional Tariffs on Chinese Imports

Oil Slumps 7% as Trump Announces Additional Tariffs on Chinese Imports

From Reuters


Oil prices plummeted more than 7% on Thursday, with the U.S. benchmark posting its worst day in more than four years, after President Donald Trump said he would impose additional tariffs Chinese imports starting Sept. 1.

The drop …