Published: Jul 28, 2021
Federal Reserve Chair Jerome Powell on Wednesday said that the delta variant of the coronavirus could have fewer implications for the economy, if it follows the pattern of past waves of covid surges.
Published: Feb 25, 2021
The unprecedented $9 trillion rescue mission by central banks to haul the world economy from its coronavirus recession is being tested as rising bond yields and inflation bets threaten their ability to keep borrowing costs down.
Published: Feb 24, 2021
Federal Reserve Chairman Jerome Powell signaled that the central bank was nowhere close to pulling back on its support for the pandemic-damaged U.S. economy even as he voiced expectations for a return to more normal, improved activity later this year.
Published: Oct 07, 2020
WASHINGTON - Federal Reserve Chair Jerome Powell warned Tuesday of ongoing risks to the economy and the consequences of insufficient support from policymakers, offering a sharp reminder that the economic recovery remains fragile, hours before President Donald Trump said he was calling off stimulus relief negotiations until after the November election.
Published: Sep 23, 2020
WASHINGTON - Federal Reserve Chair Jerome Powell and Treasury Secretary Steven Mnuchin credit the Cares Act with helping to build economic recovery, yet their call on Congress to fill the remaining holes is not triggering action on Capitol Hill.
Published: Sep 21, 2020
Federal Reserve Chair Jerome Powell casts the economy as showing "marked improvement" but still highly uncertain, and possibly requiring more aid from Congress, in remarks to lawmakers, he's scheduled to make on Tuesday.
Published: May 13, 2020
The U.S. economy faces unprecedented risks from the coronavirus if fiscal and monetary policymakers don't rise to the challenge, Federal Reserve Chair Jerome Powell said while pushing back against the notion of deploying negative interest rates.