federal reserve News Updates

GovernmentBusiness

Fed Likely to Signal a Coming Pullback in Economic Support

WASHINGTON — The Federal Reserve is expected this week to send its clearest signal yet that it will start reining in its ultra-low-interest rate policies later this year, a first step toward unwinding the extraordinary support it has given the economy since the pandemic struck 18 months ago.

September 20, 2021
GovernmentBusiness

Powell Says Fed on Track to Slow Aid for Economy Later This Year

WASHINGTON — The Federal Reserve will start dialing back its ultra-low-rate policies this year as long as hiring continues to improve, Chair Jerome Powell said Aug. 27, signaling the beginning of the end of the Fed’s extraordinary response to the pandemic recession.

August 27, 2021
GovernmentBusinessLogistics

Fed Sees Supply Chain Issues Growing Despite Better US Outlook

The Federal Reserve is seeing both labor and material shortages mounting across several sectors of the U.S. economy, which may have consumers paying even more for everything from fuel to new homes.

April 15, 2021
GovernmentBusiness

Fed’s Powell: Economic Recovery Is Uneven, Incomplete

WASHINGTON — Federal Reserve Chair Jerome Powell underscored the U.S. economy’s ongoing weakness Feb. 23 in remarks that suggested that the Fed sees no need to alter its ultra-low interest rate policies anytime soon.

February 23, 2021
GovernmentBusiness

Fed Extends Main Street Program to Process Last Submitted Loans

The Federal Reserve has delayed the termination of the Main Street Lending Program to Jan. 8, from Dec. 31, to finish processing loans submitted by a Dec. 14 deadline to tap its funds.

December 29, 2020
GovernmentBusiness

Fed to Maintain Bond Buys Until Economy Improves

The Federal Reserve strengthened its commitment to support the U.S. economy, promising to maintain its massive asset purchase program until it sees “substantial further progress” in employment and inflation.

December 16, 2020
GovernmentBusiness

Fed to Weigh Further Options for Aiding US Economy

WASHINGTON — The Federal Reserve’s policymakers face an unusual conundrum as they meet this week: a short-term economic outlook that is worsening even while the longer-term picture is brightening thanks to the emergence of coronavirus vaccines

December 14, 2020
GovernmentBusiness

Fed Sees Moderate Growth With Virus Causing Slowdowns

The U.S. economic recovery remained moderate across much of the country, and showed signs of a slowdown in areas where coronavirus cases are particularly high, according to a Federal Reserve report.

December 2, 2020
GovernmentBusiness

Powell Again Warns of Weak US Recovery Without Enough Aid

Federal Reserve Chair Jerome Powell warned of a weak U.S. recovery without sufficient government aid and said providing too much stimulus wouldn’t be a problem.

October 6, 2020
GovernmentBusiness

Fed’s Bullard Says ‘Full Recovery’ for US in Reach by Year End

Federal Reserve Bank of St. Louis President James Bullard, in the most upbeat comments by a central banker since the start of the COVID-19 outbreak, said the U.S. economy may surge at a 35% annualized rate in the third quarter and the nation may be close to a complete recovery by year-end.

September 24, 2020