Central banking system of the United States
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Powell: Congress, Fed need to 'stay with' aid
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Are The Feds Goals Realistics?
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Dow Drops 320 Points
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Equity indices nudge lower on weak global cues, banking stocks dip
Credit: ANI Duration: 01:09Published
Why Tech Stocks Closed Mix
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Closing bell: Equity indices in positive terrain, Dr Reddy's top gainer
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Opening Bell: Equity indices trade flat, auto stocks gain
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The S&P 500 Could Face Double Digit Corrections
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Former Fed Chair Greenspan: 'We Pretend A Great Deal'
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U.S. new weekly jobless claims down below 1M
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S&P 500 Closes At Record High
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Equity indices spurt with rally in banking scrips, IndusInd up 12 pc
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Dow rallies on new Fed inflation stance
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Economy-sensitive stocks are a 'buy' now -investor
Credit: Reuters Studio Duration: 05:32Published
Dow Wipes Out 2020 Losses
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Focused on jobs, Fed moves to average inflation target
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Banking and financials drag down equity indices, ICICI Bank top loser
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Stocks lose altitude as Fed worries creep in
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Gold Could Soar "As High As $3000"
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Sensex cracks by 335 points but pharma stocks outperform
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US Federal Reserve adjusts inflation targetThe Federal Reserve adjusted its inflation target to seek price increases above 2% annually, a move that will likely keep interest rates low for years to come. (Sept. 16)
Federal Reserve sees interest rates near zero through 2023Interest rates are expected to stay low for years as the U.S. economy struggles to recover from coronavirus hit.
Fed vows to keep rates near zero until inflation tops 2%, likely keeping meager rates 4 to 5 yearsThe Fed signaled key rate will stay near zero until inflation exceeds 2% and averages 2% over time, maintaining rock-bottom rates for 4 or 5 more years
What the Fed's shift toward lower rates means for borrowers, savers, markets and the economyThe Fed has adopted a new policy that emphasizes low unemployment and lets inflation run hotter. Her's what it means for you, markets, the economy
How Fed shift on inflation impacts your walletThe Fed is prepared to tolerate a higher level of inflation, which means borrowing rates are set to remain ultra-low. (August 27)
Fed signals it wants consumer prices to rise twice as fastFed chair Jerome Powell announced a radical new policy on how the central bank sets interest rates.
Fed announces landmark policy shift to spur inflation, job growth, keeping rates low longerFed Chair Powell unveiled a plan to let inflation run above target to make up for years of low price increases. It would keep rates near zero longer
The stock market closes at a record high, defying the COVID-fueled recession battering the US economyThe U.S. stock market hit an all-time high Tuesday, staging a stunning turnaround propelled by Big Tech as trillions of dollars in stimulus aid from the Federal Reserve and Congress helped prop up an..
Janet Yellen to succeed Ben Bernanke as Fed chair: what switch means for U.S.CBS News business analyst Jill Schlesinger joins “CBS This Morning: Saturday” to discuss the biggest challenges facing Janet Yellen as she prepares to succeed Ben Bernanke as the chair of the..
Here's how the federal interest rate can help save the economy during a recessionThe Federal Reserve has lowered interest rates over the past few months. Here's how their actions affect you.
Senate confirms Yellen to lead Federal ReserveThe Senate confirmed Janet Yellen Monday as the head of the Federal Reserve. She will be the first woman to lead the central bank. Norah O'Donnell reports.
12/18: Fed to ease up on stimulus program; Snowball Express brings Christmas cheer to familiesIn his last press conference as Federal Reserve chairman, Ben Bernanke said the Fed will continue to stimulate the economy, but will cut bond purchases by $10 billion in January; and, Snowball Express,..
Federal Reserve wraps final policy meeting of 2013All eyes are on the Federal Reserve, which concludes its last policy meeting of the year Wednesday. Since May, when Chairman Ben Bernanke first suggested that the Fed could reduce its emergency bond..
Upcoming Fed announcement has investors on alertAll eyes will be on Ben Bernanke as he is set to deliver a major speech that could contain clues about future central bank actions. Analysts will be on alert for any mention that Fed officials might..
Chicago Fed chief Charles Evans says additional coronavirus relief package is "incredibly important"The president of the Federal Reserve Bank of Chicago said additional federal aid is needed to address the economic impact of the pandemic.
With coronavirus surging, Fed keeps key interest rate near zero, vows more supportWith COVID-19 resurgent across much of U.S., the Fed held interest rates near zero and vowed more support for economy. It noted pickup in jobs and economy.
Dow notches best quarter since 1987, a rebound helped by low interest rates and government stimulus amid COVID-19Stocks notched their best quarter in decades, as government stimulus and help from the Fed helped markets start to recover from the damage of COVID-19 at the start of the year.
Madeline McWhinney Dale, Trailblazing Banker, Is Dead at 98She was the first female officer of the Federal Reserve Bank. Later, in another first, she ran a commercial bank largely owned and operated by women.
Dow drops 700 points, caps week with losses as virus cases surgeStocks slid Friday, as investors weighed the Fed's move to temporarily suspend shareholder payouts by big banks ahead of a potential recession.
Can the Fed's Main Street loan program save midsize companies during COVID-19 crisis?The Fed's Main Street Lending Program drew a strong response from banks after launching last week. But critics say it should encourage riskier loans.
National coin shortage: Pennies, nickels, dimes and quarters part of latest COVID-19 shortageThe coronavirus pandemic has caused a nationwide coin shortage, according to the Federal Reserve, which is temporarily allocating coin inventories.
Americans face new coronavirus challenge: a shortage of coinsBanks across the United States are facing a shortage of coins during coronavirus crisis, prompting the U.S. Federal Reserve to ration distribution and work with the U.S. Mint to boost supply.
As 'ground zero' for crisis, Nevada shows need for fiscal aid: Fed's PowellEven as the U.S. economy shows early signs of emergence from the coronavirus recession, the state of Nevada illustrates both why a full recovery may still be years away and why Congress will likely..
Fed Chair Powell says strong job market can reduce U.S. racial inequalityThe best way the Federal Reserve can help reduce racial inequality is to return the U.S. labor market to its pre-coronavirus strength, U.S. Fed Chair Jerome Powell said on Tuesday, as he sidestepped..
Citing 'significant uncertainty' about rebound from pandemic, Fed's Powell vows to keep interest rates near zeroPowell says Fed will will keep interest rates near zero until the economy recovers, noting "significant uncertainty" about the strength of the rebound.
Fed's Bostic calls for end to racism, says Fed can play a roleAtlanta Federal Reserve Bank President Raphael Bostic, the Fed's only African American policymaker, on Friday issued an impassioned call for an end to racism and laid out ways the U.S. central bank can..
Stocks slide on concern about pace of economic recovery, coronavirus spikesGlobal stock markets tumbled Thursday after the Federal Reserve signaled a long path to recovery from the devastation of the coronavirus pandemic.
Under four presidents, the Feds neglected duty to collect statistics on police killingsWhy has the Justice Department failed to follow a law from 1994?
Fed to keep providing aid, no rate hike for awhileThe Federal Reserve made clear Wednesday that it will keep supplying all the help it can by buying bonds to maintain low borrowing rates and forecasting no rate hike through 2022. (June 10)
Fed signals interest rates will likely stay near zero at least through 2022 amid COVID-19Fed hold rates near zero, signals they'll stay there amid coronavirus crisis and renews vow to use "full range of tools" to support economy.
Stock Markets Brace for a Forecast From the FedThe latest on stock market and business news during the coronavirus outbreak.
Illinois to sell debt in first deal with Fed's muni liquidity facilityIllinois announced on Tuesday an agreement to tap a new Federal Reserve borrowing program, marking the first state or local government to access funding to address revenue shortfalls due to the..
U.S. states, cities may snub Fed lending program over high ratesHigh borrowing costs will limit participation in a $500 billion U.S. Federal Reserve short-term borrowing program set up to address state and city revenue shortfalls due to the economic fallout from..
Rock-Bottom Interest Rates May Be Here to StayOnce the labor market begins to recover, the Federal Reserve’s experience in the pre-pandemic, record-long economic expansion is likely to influence when its raises rates.
Coronavirus Live Updates: U.S. Faces Downturn ‘Without Modern Precedent,’ Fed Chief WarnsA fraud network targeted unemployment programs as jobless claims neared 39 million. Flags were ordered lowered over Memorial Day weekend for those who died from the virus.
'Worse than any recession since World War II': Mnuchin, Powell grilled on coronavirus responseTreasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell faced an array of questions from senators on the response to the pandemic.
Mnuchin and Powell Warn of Economic Scarring, and Offer Divergent SolutionsThe Treasury secretary and Fed chair said economic damage could last. One prescribed rapid reopening, the other robust policy action.
Fed, Treasury chiefs face heat over uneven U.S. coronavirus responseFederal Reserve Chair Jerome Powell and Treasury Secretary Steven Mnuchin found themselves in the hot seat on Tuesday as U.S. lawmakers grilled them about the uneven nature of the fiscal response to..
Powell, Mnuchin face Senate grilling on U.S. coronavirus responseThe U.S. government's handling of its massive economic response to the coronavirus pandemic will come under scrutiny on Tuesday as Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome..
'Who is that money helping?': Congress asks why Treasury, Fed have spent little of $500B for coronavirusCongress approved $500 billion to help businesses and local governments weather the economic catastrophe of coronavirus, but little has been spent
What did eight weeks and $3 trillion buy the U.S. in the fight against coronavirus?Unemployment checks are flowing, $490 billion has been shipped to small businesses, and the U.S. Federal Reserve has put about $2.5 trillion and counting behind domestic and global markets.
Fed's Powell: 'Medical metrics' most important data for U.S. economy now: CBSThe most important data for the U.S. economy right now are the "medical metrics" around the coronavirus pandemic, Federal Reserve Chairman Jerome Powell said Sunday night in broadcast remarks where he..
Fed Chair Says Economic Recovery May ‘Stretch’ Through End of 2021In a clip from the show “60 Minutes,” Jerome H. Powell painted an image of a slow economic recovery.
Fed's Powell says full economic recovery may require coronavirus vaccine: CBSFederal Reserve Chairman Jerome Powell said a U.S. economic recovery may stretch deep into next year and a full comeback may depend on a coronavirus vaccine.
Coronavirus Live News and UpdatesA whistle-blower, Dr. Rick Bright, is testifying before a House subcommittee on the U.S. response to the coronavirus. The Fed warned of long-term pain without urgent intervention.
Coronavirus, Michael Flynn, Federal Reserve: Your Thursday BriefingHere’s what you need to know.
Powell warns of prolonged recession from pandemicU.S. 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..
Fed expects interest rates near zero for monthsThe Federal Reserve has signaled that it will keep its key short-term interest rate near zero for the foreseeable future as part of its effort to boost an economy that's sinking into its worst crisis..
AP Top Stories April 29 PHere's the latest for Wednesday, April 29: Dr. Fauci says a drug has been found to block the coronavirus; Fed to keep interest rates near zero; small businesses worry about getting federal government..
Fed holds interest rates near zero, vows forceful action amid coronavirus's economic falloutFed holds key interest rate near zero, vow further aggressive action to fight the effects of the coronavirus.