federal reserve

FILE - In this March 3, 2020 file photo, Federal Reserve Chair Jerome Powell pauses during a news conference in Washington.
(AP Photo/Jacquelyn Martin, File)
AP News
May 13, 2020 - 4:48 pm
Powell warns of a possible sustained recession from pandemic
Read More
FILE - This Aug. 11, 2019 file photo shows credit cards in New Orleans. U.S. consumer borrowing fell in March for the first time in more than eight years, with the category covering credit cards dropping by the largest amount in over three decades
(AP Photo/Jenny Kane, file)
AP News
May 12, 2020 - 9:51 am
Consumer prices off by most since '08 as virus slows economy
Read More
FILE - In this Jan. 29, 2020 file photo, Federal Reserve Chair Jerome Powell pauses during a news conference in Washington.  (AP Photo/Manuel Balce Ceneta, File)
(AP Photo/Manuel Balce Ceneta, File)
WRVA News
April 27, 2020 - 12:56 pm
As it prepares for this week's policy meeting, the Federal Reserve has largely calmed turbulent financial markets. Yet a far tougher task remains: Helping rescue an economy and job market that appear to be free-falling into the worst catastrophe since the Great Depression.
Read More
FILE - In this Tuesday, March 3, 2020 file photo, Federal Reserve Chair Jerome Powell pauses during a news conference to discuss an announcement from the Federal Open Market Committee, in Washington.    (AP Photo/Jacquelyn Martin, File)
(AP Photo/Jacquelyn Martin, File)
AP News
March 23, 2020 - 12:05 pm
Fed to Buy Unlimited Government Debt and Lend to Businesses
Read More
Trader Steven Kaplan watches the numbers at the closing bell on the floor of the New York Stock Exchange, Monday, March 2, 2020. (AP Photo/Richard Drew)
(AP Photo/Richard Drew)
AP News
March 03, 2020 - 10:20 am
By DAMIAN J. TROISE NEW YORK (AP) — U.S. stocks jumped Tuesday after the Federal Reserve made an emergency rate cut to help shield the economy from the impact from the virus outbreak. The Dow Jones Industrial Average rose 172 points, or 0.6% as of 10:10 a.m. Eastern time. It had been down as much...
Read More
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...
Read More
(AP Photo/Richard Drew)
AP News
October 30, 2019 - 12:46 pm
By DAMIAN J. TROISE, AP Business Writer NEW YORK (AP) — Stocks fell in midday trading Wednesday as investors held back ahead of an anticipated decision by the Federal Reserve to cut interest rates. The central bank has been using its power to cut short-term interest rates as a way to shore up the...
Read More
(AP Photo/Patrick Semansky)
AP News
September 18, 2019 - 5:09 pm
By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — A sharply divided Federal Reserve cut its benchmark interest rate Wednesday for a second time this year but declined to signal that further rate cuts are likely this year. The Fed's move reduced its key short-term rate — which influences...
Read More
iStock / Getty Images Plus
AP News
September 06, 2019 - 1:32 pm
By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Friday that the Fed is not expecting a U.S. or global recession. But it is monitoring a number of uncertainties, including trade conflicts, and will "act as appropriate to sustain the expansion."...
Read More
(AP Photo/Steve Helber)
AP News
August 22, 2019 - 2:32 pm
WASHINGTON (AP) — U.S. long-term mortgage rates are near historically low levels, with the average on the benchmark 30-year loan falling this week to its lowest level since November 2016. Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year loan slipped to 3.55% this week...
Read More

Pages