March has been an eyebrow-raising time at the Federal Reserve. From a surprise half percent rate cut on March 3, to Sunday’s additional cut to […]
Tag: Fed
Fed holds rates steady, says there is ‘no place for racism in our society’
The Federal Reserve opted Wednesday to keep interest rates at the current level of near zero, until the economy is “in a healthy place,” according […]
Wall Street slides after Fed Chairman says economic outlook includes ‘great uncertainty’
Wall Street benchmarks closed sharply down on Wednesday, after Federal Reserve Chairman Jerome Powell warned of a longer recession if Congress did not step in […]
‘We all want to avoid a false start,’ Fed Chair Powell says on reopening the economy
Federal Reserve Chairman Jerome Powell expressed caution about reopening the economy too soon, saying “we all want to avoid a false start” in a speech […]
Coronavirus job losses could total 47 million, unemployment rate may hit 32 percent, Fed estimates
Millions of Americans already have lost their jobs due to the coronavirus crisis — and the worst of the damage is yet to come, according […]
What can the Fed do to help Main Street, not Wall Street?
The markets continued their downward trajectory Monday in spite of a sweeping pledge from the Federal Reserve to support the economy as coronavirus shutdowns accelerated […]
Markets slowly rise after Fed steps in again to calm coronavirus fears
The Dow Jones Industrial Average bounced back nervously on Tuesday, after dipping below 20,000 just one morning after its worst single-day points drop ever, as […]
Drastic Fed interventions are unprecedented, but are they enough?
The unprecedented steps taken by the Federal Reserve and the coordinated action of central banks around the world in response to the coronavirus pandemic will […]
Dow slides 3,000 points in grisly day on Wall Street, despite massive intervention from Fed
Wall Street had a grisly start to the week, with the Dow Jones Industrial Average sliding by 3,000 points, or 13 percent, to end the […]