Powell stresses importance of lending programs, calls economic outlook ‘extraordinarily uncertain’
Federal Reserve Chairman Jerome Powell emphasized the importance of the lending programs it has deployed during the coronavirus pandemic, telling...
Breaking News: Economy
Fed weighed adjusting bond purchases to provide more help to economy ‘fairly soon,’ minutes show
Federal Reserve officials indicated at their last meeting that adjustments could be made soon to their bond-buying program as the...
Weekly jobless claims higher than expected as labor market takes hit from rising Covid cases
The pace of first-time filings for jobless claims picked up last week, with the jobs market showing increasing vulnerability to...
Mnuchin says people are misunderstanding Fed funding decision, there’s plenty of firepower left
Treasury Secretary Steven Mnuchin moved Friday to downplay his department's decision to pull the plug on several Federal Reserve programs,...
Treasury moves to end several crisis-era programs, drawing pushback from the Fed
The Treasury Department is looking to extend a handful of the Federal Reserve programs used to get markets through the...
U.S. weekly jobless claims total 742,000, vs 710,000 estimate
The pace of workers filing for unemployment claims picked up last week and was a bit higher than Wall Street...
Shelton Fed nomination fails key Senate procedure vote, possibly ending her chances
Judy Shelton's controversial nomination to the Federal Reserve suffered a possibly fatal blow Tuesday in a key procedural vote in...
Third Republican comes out against Shelton for Fed seat, complicating nomination
Efforts to get Judy Shelton confirmed to the Federal Reserve just got a little tougher as one prominent Republican announced...
Morgan Stanley says housing discrimination has taken a huge toll on the economy
Suburbs of San Diego, CaliforniaSkodonnell | iStock / 360 | Getty ImagesIn addition to its human toll, racial housing inequality...
Weekly jobless claims fall again in another sign of labor market improvement
First-time claims for unemployment insurance continued their decline last week, hitting another pandemic-era low in a sign that the labor...
Job growth stronger than expected in October, unemployment rate slides to 6.9%
Employment growth was better than expected in October and the unemployment rate fell sharply even as the U.S. faces the...
Fed holds interest rates steady near zero, says economy is still well below pre-pandemic levels
The Federal Reserve held short-term borrowing rates near zero in a decision Thursday that characterized the economy as growing but...
Jobless claims edge lower but are still well above pre-pandemic levels
First-time claims for unemployment insurance continued a modest trend down last week, though the total remains well above what was...
Weekly jobless claims slump to the lowest level since the pandemic started in March
New filings for jobless claims in the U.S. totaled 787,000 last week, the lowest total since the early days of...
A Fed official who could be Biden’s Treasury secretary says Congress needs to pass stimulus to save the recovery
Federal Reserve Governor Lael Brainard issued a call Wednesday for more fiscal support from Congress, saying more stimulus is needed...
Bostic says the Fed needs to do more to address racial economic impact from the pandemic
Raphael Bostic, President and CEO of the Federal Reserve Bank of Atlanta.Cameron Costa | CNBCThe Federal Reserve has a substantial...
Watch Fed Chair Jerome Powell speak live to the International Monetary Fund
Federal Reserve Chairman Jerome Powell speaks Monday morning to the International Monetary Fund.Powell's remarks are part of a session on...
U.S. government budget ends fiscal year with a more than $3 trillion deficit
The U.S. Capitol in Washington, D.C., on Tuesday, Aug. 4, 2020.Amanda Andrade-Rhoades | Bloomberg | Getty ImagesEfforts to combat the...
