Fed’s Powell to appear on CBS’ ’60 Minutes’ on Sunday: CBS

WASHINGTON (Reuters) – U.S. Federal Reserve Chair Jerome Powell will appear on CBS’ “60 Minutes” news show on Sunday at 7 p.m., the network said on Friday, his second broadcast television interview since the outbreak of the coronavirus pandemic prompted the Fed into a series of emergency moves to stabilize the economy. Powell in a […]

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The Check-In: April Ross won’t let shift from beach to backyard stop Olympic dreams

April Ross leans back in a lawn chair with her feet soaking in a shallow, plastic pool. She grips a blue drink, complete with a decorative umbrella, in her left hand. With her right, she throws a volleyball off a carefully angled cooler, then smacks the rebound over a net in her backyard. “Guys,” the […]

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Powell warns of a possible sustained recession from pandemic

Federal Reserve Chair Jerome Powell said the threat of a prolonged recession remains and urged Congress and the White House to act further to prevent long-term economic damage from the viral outbreak By CHRISTOPHER RUGABER AP Economics Writer May 13, 2020, 1:03 PM 2 min read 2 min read WASHINGTON — Federal Reserve Chair Jerome […]

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Fed’s Harker says opening economy too soon risks second wave of virus

© Reuters. Federal Reserve Chair Yellen participates in a roundtable discussion with Federal Reserve Bank of Philadelphia President Harker and members of the West Philadelphia Skills Initiative in Philadelphia By Jonnelle Marte (Reuters) – The U.S. economy’s recovery from the coronavirus crisis will likely be uneven and could be reversed if businesses open too soon […]

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Fed’s Clarida says central bank has tools to avoid deflation: BBG

© Reuters. FILE PHOTO: Federal Reserve Vice Chair Richard Clarida talks on the phone during the three-day “Challenges for Monetary Policy” conference in Jackson Hole WASHINGTON (Reuters) – The coronavirus shock to the U.S. economy won’t push the country into a damaging bout of deflation given the Federal Reserve’s response and its power to do […]

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‘Economic Rebound, When It Comes Can Be Robust,’ Fed Chair Says

new video loaded: ‘Economic Rebound, When It Comes Can Be Robust,’ Fed Chair Says transcript Back bars 0:00/1:11 –1:11 transcript ‘Economic Rebound, When It Comes Can Be Robust,’ Fed Chair Says The Federal Reserve announced a new effort to protect the economy and financial markets from the impact of the coronavirus crisis. We have lowered […]

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Fed Chair Powell spoke with Trump as central bank geared up for virus response

(Reuters) – Federal Reserve Chair Jerome Powell had two previously undisclosed phone calls with U.S. President Trump in February, calendars released on Friday show, including a brief call during the last week of the month when it was becoming clearer that the coronavirus would likely have more than a transitory effect on the U.S. economy. […]

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Fed to buy government debt as needed to help economy

Federal Reserve Chair Jerome Powell pauses during a news conference, Tuesday, March 3, 2020, while discussing an announcement from the Federal Open Market Committee, in Washington. In a surprise move, the Federal Reserve cut its benchmark interest rate by a sizable half-percentage point in an effort to support the economy in the face of the […]

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The Fed’s Message: The Money-Printing Presses Are Fired Up and Ready to Go

ImageJerome Powell, the Fed chair, at a news conference early this month.Credit…Eric Baradat/Agence France-Presse — Getty Images The extraordinary actions of the Federal Reserve on Monday morning can be boiled down to two sentences: There is a rapidly developing shortage of dollars across the economy. And the Fed will do anything it needs to, on […]

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Trump tried to pressure Fed Chair Powell on coronavirus response: Washington Post

Trump tried to pressure Fed Chair Powell on coronavirus response: Washington Post SAN FRANCISCO (Reuters) – President Donald Trump this week tried to get Treasury Secretary Steven Mnuchin to push Federal Reserve Chair Jerome Powell to do more to boost the economy and stem the stock market’s decline, the Washington Post reported on Wednesday. The […]

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Former DNC chair Dean implies GOP Rep. Stefanik deserved ‘vile’ note: ‘As ye sow, so shall ye reap’

Former Democratic National Committee chair Howard Dean reacted to an offensive note left on the car of Rep. Elise Stefanik by implying that the New York Republican brought it on herself. Stefanik shared a photo of what she called a “vile” note which said, “Rot in Hell FASCIST PIG,” on Twitter Saturday, and she lamented “that […]

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Powell says Fed Reserve will act as needed in response to coronavirus

Federal Reserve Chair Jerome Powell on Friday said the US economy remains in solid condition although the coronavirus outbreak poses a risk and the central bank will act as appropriate to provide support. “The fundamentals of the US economy remain strong,” Powell said in a statement released amid an ongoing sell-off in global stock markets. […]

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