United States  

Chicago Fed chief Charles Evans says additional coronavirus relief package is "incredibly important"

CBS News Sunday, 9 August 2020
The president of the Federal Reserve Bank of Chicago said additional federal aid is needed to address the economic impact of the pandemic.
0
shares
ShareTweetSavePostSend
 

You Might Like


💡 One News Page Knowledge: Other News Mentions

Chicago Chicago City and county seat of Cook County, Illinois, United States

Jussie Smollett Back to Work After Alleged Attack, Directing Film

It's lights, camera, action for Jussie Smollett ... he's back to work after the alleged attack in Chicago, but this time he's behind the camera. The former..
TMZ.com
Judge denies R. Kelly's request for hearing after jailhouse beating [Video]

Judge denies R. Kelly's request for hearing after jailhouse beating

A judge has denied R. Kelly's request for a hearing after the singer was allegedly beaten in Chicago’s Metropolitan Correctional Center in August.

Credit: Cover Video STUDIO    Duration: 00:45Published

Chicago mayor sounds alarm on 2nd surge of virus

Mayor Lori Lightfoot warned Chicagoans that the city is experiencing another wave of the coronavirus pandemic, with confirmed cases rising sharply across the..
USATODAY.com

Chicago's top cop had 10 drinks before falling asleep behind the wheel. 7 officers who looked the other way are now suspended

Seven officers have been suspended for their actions the night the city's top cop was found passed out behind the wheel after drinking.
 

USATODAY.com

Federal Reserve Federal Reserve Central banking system of the United States

Atlanta Fed CEO Raphael Bostic says virus has "put a wedge in our economy"

Raphael Bostic, the president and CEO of Federal Reserve Bank of Atlanta, says "we have to change the trajectory for the generations to come."
CBS News
Powell: Congress, Fed need to 'stay with' aid [Video]

Powell: Congress, Fed need to 'stay with' aid

In his second trip to Capitol Hill this week, Federal Reserve Chairman Jerome Powell told lawmakers that assistance from the Fed and Congress are needed to bolster the economic recovery.

Credit: Reuters Studio    Duration: 00:59Published
Are The Feds Goals Realistics? [Video]

Are The Feds Goals Realistics?

The Federal Reserve is targeting above 2% inflation. Scott Minerd, Guggenheim global CIO told Bloomberg on Wednesday it is "virtually impossible" for the Fed to achieve that without creating a bubble in asset prices. "The reality is that the inefficiencies that are building up in the system." Minerd said misinformation and mistaken investments will pose a challenge to investors.

Credit: Wochit News    Duration: 00:31Published
Dow Drops 320 Points [Video]

Dow Drops 320 Points

On Thursday, US stocks fell 320 points. The drop comes even as weekly jobless-claims data came in better than expected. Business Insider reports that weekly jobless claims fell by more than 30,000 from the previous week, to 860,000. Tech stocks led the decline. Investors continued to process Federal Reserve Chairman Jerome Powell's comments expressing uncertainty about the economic recovery. Powell also said the Fed didn't expect to raise interest rates until at least 2023.

Credit: Wochit News    Duration: 00:43Published
Equity indices nudge lower on weak global cues, banking stocks dip [Video]

Equity indices nudge lower on weak global cues, banking stocks dip

Equity benchmark indices traded lower during early hours on Thursday on the back of weak global cues after the US Federal Reserve indicated the interest rate could stay close to zero for years. At 10:15 am, the BSE S-P Sensex was down by 141 points or 0.36 per cent at 39,162 while the Nifty 50 lost by 39 points or 0.34 per cent at 11,565. Except for Nifty IT and pharma, all sectoral indices at the National Stock Exchange were in the negative terrain with Nifty private bank losing by 1 per cent and financial service by 0.9 per cent. Among stocks, ICICI Bank dropped by 1.3 per cent to Rs 369.85 per share while HDFC Bank lowered by 1 per cent. The other major losers were Hindalco, Tata Consultancy Services, Bajaj Auto and Tata Motors.However, HCL Technologies moved up by 2 per cent to Rs 811.20 per share and Tech Mahindra by 1.7 per cent. Dr Reddy's, Hero MotoCorp, Grasim and Asian Paints also traded with a positive bias.

Credit: ANI    Duration: 01:09Published

Tweets about this