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Federal Reserve Bank Of Richmond

12:16 p.m. Aug. 19, 2020 - By Greg Robb
Fed staff lowers forecast for economic growth over the rest of year: FOMC minutes Richmond Fed’s Barkin says economy in ‘vulnerable spot’The Federal Reserve staff has lowered its forecast for second half GDP, according to minutes of the central bank’s July meeting released Wednesday.
10:31 a.m. Aug. 11, 2020 - By Jeffry Bartash
Fed’s Barkin says economy could suffer relapse without more Washington stimulus Chorus of Federal Reserve officials urge additional pandemic aidA recession of ‘historic proportions’ could take another turn for the worse if a stalemated Congress fails to provide more financial aid to beleaguered workers and businesses hammered by the coronavirus pandemic, the president of the Richmond Federal Reserve warned
12:11 p.m. July 7, 2020 - By Jeffry Bartash
Federal Reserve leaders see ‘bumpier’ recovery, slower decline in unemployment Rash of new coronavirus cases imperils fragile economic recoverySenior Federal Reserve leaders say high unemployment is all but certain to persist until a treatment for the coronavirus is found and that the central bank might have to take more steps to help the labor market.
9:03 a.m. June 14, 2020 - By Greg Robb
Fed’s Kaplan worries economy’s recovery may be slowed if coronavirus health practices remain ‘uneven’ U.S. unemployment rate will be at 8% or higher through year-end, the Dallas Fed president says Dallas Fed President Robert Kaplan said Sunday health-care procedures to combat the coronavirus were just as important as government funding for the nascent economic recovery and, to date, these efforts to reduce coronavirus infections have been “uneven.”
11:49 a.m. June 12, 2020 - By Greg Robb
Fed’s Barkin says best stimulus plan would be common standards so consumers feel safe to shopThe best stimulus plan for the economy would be common standards so consumers feel safe to shop and go to restaurants, said Richmond Fed President Thomas Barkin on Friday.
12:23 p.m. May 12, 2020 - By Chris Matthews
Dow books 450 point loss as stocks record biggest one-day slump since May 1 Nasdaq breaks six-day win streakU.S. stocks end sharply lower on Tuesday, erasing the previous day’s gains, as investors monitor tentative efforts to reopen the economy and weigh tensions between Washington and Beijing.
5:14 a.m. May 8, 2020 - By Selin Bucak
Here’s another reason Turkey’s lira may keep tumblingThe Turkish lira fell to a record low against the U.S. dollar this week and reports say the government has tried to stop the slide by taking action against three foreign banks.
10:01 a.m. May 7, 2020 - By Greg Robb
Fed officials don’t expect quick economic recovery San Franciso Fed’s Daly says her contacts see gradual return of activitySan Francisco Fed President Mary Daly and Minneapolis Fed President Neel Kashkari said Thursday they don’t expect a quick economic recovery.
10:32 a.m. May 1, 2020 - By Greg Robb
Fed officials stress they may have to get innovative to revive economy from COVID-19 shutdown Richmond Fed president Barkin says U.S. economy took elevator down but has to take the stairs upFederal Reserve officials said Friday they are ready to do more to help the economy recover from the blanket shutdown put in place to prevent the spread of COVID-19.
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