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.”
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.