Fed
Fed leaves rates unchanged, remains committed to using full range of tools
The Federal Open Market Committee (FOMC) on Wednesday announced that it left the benchmark interest rate, the target range for federal funds, unchanged at 0%-0.25% as widely expected. Follow our live coverage of the FOMC decision and the market reaction. In its policy statement, the Fed reiterated that it remains committed to using its full …
Framingham pantry turns to technology to keep families fed
IPSWICH FROM FRAMINGHAM, WHERE PEOPLE ARE STEPPING UP WITH NEW TECHNOL TO HELP SAY THEY WERE TWO THOUSAND FAMILIES IN FRAMINGHAM THAT NEED FOOD. WE ALL COULD BE FEEDING THE SAME 500 FAMILIES, BUT WE DON’T KNOW IF WE ARE OR NOT. AND THAT’S A PROBLEM. AND SO WHAT YOU SEE HERE ON THIS SCREEN …
CAPCA helping central Arkansas students stay fed during fall break
HEBER SPRINGS, Ark. – The spirit of giving is starting to fill the air. In central Arkansas, one program is already on the front lines making sure kids stay fed during the fall break. With Thanksgiving coming up in a couple of days there are countless programs out there that will help feed families, but …
Mnuchin decision cuts Fed lending power, but sources say emergency programs can be revived
U.S. Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell share an elbow bump greeting prior to testifying before a House Financial Services Committee hearing on oversight of the Treasury Department’s and Federal Reserve’s coronavirus disease (COVID-19) pandemic response on Capitol Hill in Washington, September 22, 2020. Joshua Roberts | Pool | Reuters Treasury …
The economy as we knew it might be over, Fed Chairman says
The pandemic has accelerated existing trends in the economy and society, including the increasing use of technology, telework and automation, he said. This will have lasting effects on how people live and work. While technological advances are generally positive for societies over the long term, Powell said, on a short-term basis they create disruption, and …
WATCH LIVE: Fed Chairman Jerome Powell speaks on monetary policy amid Covid-19 pandemic – 9/16/2020
About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features © 2020 Google LLC WATCH LIVE: Fed Chairman Jerome Powell speaks on monetary policy amid Covid-19 pandemic – 9/16/2020 – YouTube Source link
Global stocks drop after Fed dents investor sentiment
Stock markets were knocked on Thursday after the Federal Reserve signalled it was not immediately prepared to deploy further unconventional measures to shore up the world’s biggest economy. Equities in Europe and Asia sustained selling pressure after a summary of the US central bank’s July meeting indicated “many” members of its policy-setting committee were unwilling …
Seen everywhere in last U.S. crisis, moral hazard is nowhere in this one
SAN FRANCISCO/WASHINGTON (Reuters) – As the U.S. Federal Reserve rolls out trillions of dollars to blunt the economic fallout of the coronavirus pandemic, there’s a notable difference to the last financial crisis: close to zero concern over “moral hazard” – the sticky business of bailing out those whose dilemma is of their own making. FILE …
Coronavirus Live Updates: Global Leaders Beg Public to Stay Home; Fed Vows to Buy as Much Debt as Needed
India extends its lockdown to cover almost the entire nation of 1.3 billion. The Indian authorities are grounding all domestic flights and putting most of the country, the world’s second most populous, in full lockdown. The number of confirmed coronavirus cases in the country remains relatively low — about 420. But the government has steadily …
Fed announces a slew of new programs to help markets, including open-ended asset purchases
The Federal Reserve said Monday it will launch a barrage of programs aimed at helping markets function more efficiently in the wake of the coronavirus crisis. Among the initiatives is a commitment to continue its asset purchasing program “in the amounts needed to support smooth market functioning and effective transmission of monetary policy to broader …
