fed

FILE - In this March 3, 2020 file photo, Federal Reserve Chair Jerome Powell pauses during a news conference in Washington. Powell provided a bleak outlook for the U.S. economy in remarks Wednesday, May 13. (AP Photo/Jacquelyn Martin, File)
(AP Photo/Jacquelyn Martin, File)
AP News
May 13, 2020 - 10:32 am
Federal Reserve Chair Jerome Powell warned Wednesday of the threat of a prolonged recession resulting from the viral outbreak and urged Congress and the White House to act further to prevent long-lasting economic damage.
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Traders Edward Curran, left, and Jonathan Mueller work on the floor of the New York Stock Exchange, Thursday, March 12, 2020. (AP Photo/Richard Drew)
(AP Photo/Richard Drew)
AP News
March 12, 2020 - 1:47 pm
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — The Federal Reserve is stepping up its purchases of Treasurys to try to ease jitters in the financial markets over the coronavirus outbreak. The Fed announced Thursday that it's injecting $500 billion into short-term lending markets to...
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FILE - In this Nov. 25, 2019, file photo Federal Reserve Board Chair Jerome Powell addresses a round table discussion. (AP Photo/Steven Senne)
(AP Photo/Steven Senne)
AP News
December 11, 2019 - 2:24 pm
By CHRISTOPHER RUGABER, AP Economics Writer WASHINGTON (AP) — The Federal Reserve is leaving its benchmark interest rate alone and signaling that it expects to keep low rates unchanged through next year. The Fed's decision follows three rate cuts earlier this year. It reflects its view that the U.S...
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FILE - In this July 21, 2010, file photo President Barack Obama greets Paul Volcker after Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection financial reform bill. (AP Photo/Charles Dharapak, File)
(AP Photo/Charles Dharapak, File)
AP News
December 09, 2019 - 12:08 pm
By PAUL WISEMAN and CHRISTOPHER RUGABER AP Economy Writers Paul Volcker, who as Federal Reserve chairman in the early 1980s elevated interest rates to historic highs and triggered a recession as the price of quashing double-digit inflation, has died, according to his office. He was 92. Volcker took...
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(Matt Demlein, WRVA)
AP News
October 04, 2019 - 2:41 pm
By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Friday that the U.S. economy is facing some risks at the moment, but overall it is in a "good place" and the Fed's main job is to "keep it there as long as possible." Powell noted that...
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(AP Photo/Amber Baesler)
AP News
August 23, 2019 - 5:01 pm
By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — President Donald Trump launched a furious and highly personal Twitter attack Friday against the Federal Reserve and Chairman Jerome Powell, fuming that the Fed once more "did NOTHING!" and wondering who is "our bigger enemy" — Powell or...
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(AP Photo/Manuel Balce Ceneta, File)
AP News
August 23, 2019 - 12:21 pm
By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell signaled Friday that the Fed stands ready to cut interest rates further if the economy needs it but wasn't clear about when or by how much. Powell had barely finished speaking to central bankers in...
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