Federal Reserve - Page 18

Joe Biden has purportedly settled on former Federal Reserve chairwoman Janet Yellen as his secretary of the treasury, according to the Wall Street Journal. 

A better than expected rebound for U.S. factory output led industrial output higher in October.

Despite a record-high federal budget deficit and unprecedented levels of liquidity provided by the Federal Reserve, inflation is dead.

The Fed’s stance remains unchanged even stimulus talk died and layoffs remain extremely high.

In reality, the economy is growing much faster than the top economists at the Fed thought was possible

Fed officials decided at the last meeting that the economy was considerably healthier than they thought it would be.

The roller coaster of the pandemic economy saw the net worth of U.S. households soar to its highest level ever in the second quarter. That followed the largest-ever drop in the previous quarter due to the economic disruption of the

The Fed said it will continue bond purchases at least at the current rate, around $1 trillion a year.

The New York Times devoted its entire “Sunday Review” section this weekend to an economic manifesto that lays out a radical left-wing vision for redesigning the American economy in the wake of the coronavirus pandemic.

The Fed’s intervention in financial markets has quickly gone beyond anything that happened in the financial crisis.

Fed officials project the economy will contract 6.5 pecent this year before returning to grow at the fastest pace since the 1980s next year.

Biden also falsely claimed the vast majority of emergency loans were going to big businesses.

The economic downturn from the novel coronavirus pandemic is “without modern precedent” and “significantly worse than any recession” the U.S. has experienced since World War II, U.S. Federal Reserve Chairman Jerome Powell told a Senate panel on Tuesday.

1,700 universities and colleges around the nation have asked the Federal Reserve to grant them access to the Main Street Lending Program, a program established last week to provide lending to small and medium-sized businesses that have been impacted by the Chinese virus pandemic.

Far more Americans are worried that inflation will go higher than are worried about unemployment going higher over the next 6 months.

The Federal Reserve latest meeting concluded with a statement emphasizing the Fed’s commitment to use all of its tools to support the economy.

The Fed said Thursday that it is activating a Main Street Business Lending Program authorized by the CARES Act, the largest economic relief package ever passed by Congress.

“This is a huge, unprecedented, devastating hit,” Yellen said. “My hope is that we will get back to business as quickly as possible.”

Demand for short-term Treasuries pushed yields on one and three-month bills negative Wednesday morning.

A Fed official warns that the U.S. could see unemployment rise to levels not seen since the Great Depression.

In an unprecedented expansion of its efforts to support the economy, the Fed moved aggressively to buy corporate and muni bonds and launched ‘QE Infinity.’

The coronavirus health crisis is quickly coming to resemble a financial crisis.

The Fed has launched a new facility to support the commercial paper market, an action that echoes moves made in the 2008 global financial crisis.

The Fed’s actions did not do anything to create calm in the futures market Sunday night. If anything, the Fed may have spooked investors.

“I congratulate the Federal Reserve. I think it’s terrific,” Trump said.

The Fed will deploy a new round of large scale bond purchases to combat the economic toll of the coronavirus.

The U.S. Federal Reserve announced Sunday evening that it would slash interest rates to near-zero and buy billions of dollars in bonds in an effort to protect the U.S. economy from the ongoing effects of the coronavirus outbreak.

The Fed is attempting to keep the financial system functioning smoothly as banks tighten grip on funding to fend off coronavirus threats.

The Fed’s survey of business around the country found increasing worries about the coronavirus and “political uncertainty.”

World Health Organization director Tedros Adhanom Ghebreyesus said Monday that the “stigma” surrounding coronavirus was “more dangerous” than the illness itself, and advised people to “calm down.”

“The virus and the measures being taken to contain it will surely weigh on economic activity both here and abroad for some time,” Jerome Powell said.

The futures market now implies that there is a 100% chance the Fed will cut rates by 50 basis points by the end of the next meeting.

In a rare unscheduled statement, Fed chair Powell sent a signal to financial markets that the Fed is taking the coronavirus threat seriously.

The futures implied odds of a rate cut in next month’s Fed meeting jumped to more than 70 percent on Thursday morning.

The Fed said recently that it believes its current target will remain appropriate for the foreseeable future. The market disagrees.

Coronavirus fears have sent investors fleeing to the safety of U.S. Treasury bonds, pushing yields to record lows.