(Reuters) – Reports measuring U.S. economic activity are likely to be “very bad” and the unemployment rate could rise above 10% because of efforts to…
View More Fed's Mester says economic data could take a dark turn until virus is contained
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U.S. Fed aims 'bazooka' at coronavirus to backstop economy
(Reuters) – The U.S. Federal Reserve on Monday mounted an extraordinary new array of programs to offset the “severe disruptions” to the economy caused by…
View More U.S. Fed aims 'bazooka' at coronavirus to backstop economy
Fed balance sheet hits record, banks tap loans as crisis measures take hold
WASHINGTON (Reuters) – The U.S. Federal Reserve’s balance sheet reached a record $4.7 trillion this week and banks grabbed cut rate loans from the central…
View More Fed balance sheet hits record, banks tap loans as crisis measures take hold
U.S. Fed moves to ensure liquidity in money market mutual funds
WASHINGTON (Reuters) – The U.S. Federal Reserve on Wednesday night rolled out its third emergency credit program in two days, announcing it would make loans…
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Fed's economic forecasts to give window into extent of coronavirus fears
WASHINGTON (Reuters) – U.S. Federal Reserve policymakers have already begun responding to the coronavirus with an emergency interest rate cut and a reopening of their…
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With economic risks 'evolving,' Fed policymakers assess what's next
CHICAGO/NEW YORK (Reuters) – U.S. central bankers see “evolving” risks to the world’s biggest economy from the fast-spreading coronavirus and are scrambling to assess what’s…
View More With economic risks 'evolving,' Fed policymakers assess what's next
Fed's Kashkari says he supported rate cut as 'insurance' in face of uncertainty
(Reuters) – Minneapolis Federal Reserve President Neel Kashkari said on Thursday that he supported the U.S. central bank’s emergency interest rate cut this week, and…
View More Fed's Kashkari says he supported rate cut as 'insurance' in face of uncertainty
Powell says Fed ready to act as coronavirus poses 'evolving' economic risks
(Reuters) – Federal Reserve Chair Jerome Powell on Friday said the central bank will “act as appropriate” to support the economy in the face of…
View More Powell says Fed ready to act as coronavirus poses 'evolving' economic risks
Fed seen cutting rates amid virus threat, low inflation
SAN FRANCISCO/MEXICO CITY (Reuters) – The Federal Reserve may need to move aggressively to cut borrowing costs to cushion the economy from the effects of…
View More Fed seen cutting rates amid virus threat, low inflation
Trump Fed nominee Shelton faces sharp questioning
WASHINGTON (Reuters) – Federal Reserve board nominee Judy Shelton on Thursday faced sharp questioning from Senate Banking Committee members who challenged her independence from President…
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Fed's Harker says central bank should hold rates steady for a while
(Reuters) – The U.S. economy is in good shape and the Federal Reserve should hold rates steady for the time being, a top Fed official…
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Fed says risks to economy easing, but calls out coronavirus in report to Congress
WASHINGTON (Reuters) – A “moderately” expanding U.S. economy was slowed last year by a manufacturing slump and weak global growth, but key risks have receded…
View More Fed says risks to economy easing, but calls out coronavirus in report to Congress
Fed's Kaplan says he expects solid U.S. growth this year
DALLAS (Reuters) – Dallas Federal Reserve Bank President Robert Kaplan said on Thursday that he expects “solid” economic growth this year, as easing trade tensions…
View More Fed's Kaplan says he expects solid U.S. growth this year
Fed's Daly: I don't think coronavirus will have material impact on U.S. economy
WASHINGTON (Reuters) – The escalating coronavirus outbreak is unlikely to significantly impact the U.S. economy, San Francisco Federal Reserve Bank President Mary Daly on Wednesday.…
View More Fed's Daly: I don't think coronavirus will have material impact on U.S. economy