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What the Federal Reserve Can Do to Fight Recession

  • What the Federal Reserve Can Do to Fight Recession What the Federal Reserve Can Do to Fight Recession 6:27
7:56 p.m. Aug. 3, 2020 - By Greg Robb
Fed’s Evans says the power to get the economy going lies with Congress What lawmakers decide on jobless benefits will influence aggregate demand, Chicago Fed president saysChicago Fed President Charles Evans said Monday Congress is in the drivers seat in policy decisions needed to ensure economic growth in the near term.
2:44 p.m. July 21, 2020 - Barrons.com
Trump’s Fed Nominations Advance but Questions Remain About Judy Shelton More than her advocacy for a gold standard, critics worry Shelton could threaten Fed independence if she replaces Powell in 2022. Trump’s other nominee, Waller of the St. Louis Fed, could bring meaningful diversity of opinion.
1:24 p.m. July 21, 2020 - By Mark DeCambre
Dow, S&P close higher as Covid-battered stocks surge, but off session’s best levels as tech sector sinks Gains for equities come even as gold is approaching its second-highest level in history, near $2,000 an ounceU.S. stock-indexes finish mostly higher Tuesday, but off the session’s best levels, as investors snap up beaten-down energy and financial stocks amid a slate of corporate earnings reports, including Coca-Cola and Lockheed Martin’s second-quarter results.
11:15 a.m. July 21, 2020 - MarketWatch.com
Senate panel approves nomination of Judy Shelton to Fed board seatThe Senate Banking Committee on Tuesday approved the nomination of Trump advisor Judy Shelton to a seat on the Federal Reserve Board of Governors.
3:50 p.m. July 20, 2020 - MarketWatch.com
GOP's Kennedy says he'll vote for Fed nominee Judy Shelton, expects swift actionA Republican senator who had publicly held off endorsing Federal Reserve Board nominee Judy Shelton said Monday he would support her, likely clearing the way to floor vote soon
12:02 p.m. July 16, 2020 - By Greg Robb
Fed needs stronger forward guidance to convince people ‘we’re really in it to win it,’ Evans says Chicago Fed president is another voice in favor of setting conditions to meet before interest rates riseThe U.S. central bank should adopt strong forward guidance to convince the market that ‘‘we’re in it to win it,” said Chicago Fed President Charles Evans on Thursday.
1:39 p.m. July 14, 2020 - By Greg Robb
Fed’s Bullard says stock market’s optimism has been proven right, so far St. Louis Fed President says there could be sharp drop in unemployment rates ‘if we play our cards right’St. Louis Fed President James Bullard on Tuesday said the stock market’s optimism has been validated by the economic data.
12:48 p.m. July 14, 2020 - By Joy Wiltermuth
Dow ends up 550 points, stocks jolt higher after Fed’s Brainard calls for ‘sustained’ large-scale asset purchases Wells Fargo’s stock ends 4.6% lower after its quarterly resultsU.S. stock-indexes finished near session highs Tuesday, after Federal Reserve Gov. Lael Brainard calls for sustained large-scale asset purchases by the U.S. central bank to help the economy rebound amid a “thick fog of uncertainty” brought on by COVID-19.
12:17 p.m. July 14, 2020 - By Mark DeCambre
Dow books 557-point gain as Fed's Bullard says unemployment could fall rapidly 'if we play our cards right'U.S. stocks finished sharply higher Tuesday, and the Dow industrials notched a third straight gain, powered by a rally in energy and materials shares, a day after technology stocks staged a stunning reversal. Comments made by Federal Reserve members implying further support for the economy and pointing to the possibility of a decline in the unemployment rate also helped lift the market, a day after the Nasdaq staged a powerful reversal. The Dow Jones Industrial Average closed up about 557 points, or 2.1%, at 26,643, the S&P 500 index closed out the session up 1.3% at 3,198, while the Nasdaq Composite Index concluded the day up 0.9% to around 10,489. Equities added to gains in Tuesday afternoon action after Fed Gov. Lael Brainard said the U.S. central bank should use large-scale asset purchases for a "sustained" period to help the economy rebound amid a "thick fog of uncertainty" brought on by COVID-19. Later Tuesday, St. Louis Fed president James Bullard struck an upbeat tone on the outlook, saying that the unemployment rate could drop sharply in the next six months, if "we play our cards right" and many workers subject to temporary layoffs are recalled. On Monday, the Nasdaq led the market action, trading at an intraday record in the early going before turning south hard in afternoon activity to finish the day down 226.60 points, or 2.1%, at 10,390.84.
1:55 p.m. July 10, 2020 - By Greg Robb
Controversial Trump Fed nominee Shelton may move forward as Senate panel sets vote Republican skeptics had held up actionJudy Shelton’s nomination to the Federal Reserve, which had stalled since February, got fresh life on Friday when the Senate Banking Committee announced it would hold a vote on sending her name to the full Senate.
7:20 a.m. July 4, 2020 - By Philip van Doorn
These stocks, including Tesla and Apple, are the real winners for the second quarter of 2020 A select group of stocks rose in the second quarter and for all of 2020A select group of stocks rose in the second quarter and for all of 2020.
12:40 p.m. July 1, 2020 - By Sunny Oh
10-year Treasury yield books biggest daily rise in two weeks after Fed minutes U.S. Treasury yields rose Wednesday as minutes from the Federal Reserve’s meeting in June showed the central bank discussing the merits of yield curve control, a monetary policy tried by some other central banks.
11:41 a.m. June 28, 2020 - By Quentin Fottrell
How America perfected the ‘art of demonizing Black men’ George Floyd’s death and other such incidents represent a moment that Americans should not just walk away fromGeorge Floyd’s death and other such incidents represent a moment that Americans should not just walk away from.
8:19 a.m. June 23, 2020 - By Greg Robb
Fed’s Bullard doesn’t see signs a damaging asset bubble is forming St. Louis Fed president says there are more questions than answers about using yield curve control as a policy toolSt. Louis Fed President James Bullard on Tuesday said he doesn’t see a risky asset bubble forming in the wake of the Fed’s efforts to battle the coronavirus pandemic.
2:00 a.m. June 3, 2020 - Barrons.com
History Can Show Us Why the Market Is Rising Now Amid the most severe social unrest in decades and a historic pandemic, the Nasdaq sits just a few percent below its record high. Yet there is ample precedent for this disconnect in the events of 1968.
12:45 p.m. May 28, 2020 - By Sunny Oh
Treasury yields edge higher as U.S. economic data less severe than expectedTreasury yields edged up on Thursday as analysts suggested a raft of U.S. data was not as bad as anticipated, offering modest relief to investors looking for signs that the economy was on the mend.
4:06 p.m. May 27, 2020 - Barrons.com
$600 Unemployment Benefits Are Keeping People From Returning to Work, Fed Says Even though is expected to register over 20%, employers reported difficulty in hiring during the severe economic contraction resulting from the coronavirus shutdown.
1:31 p.m. May 27, 2020 - Barrons.com
A Snapshot of American Life During Coronavirus Courtesy of the Federal Reserve The Federal Reserve Beige Book collects anecdotes of business life in each of the central bank’s 12 districts.
12:43 p.m. May 27, 2020 - By Joy Wiltermuth
Dow closes 550 points higher, as investors look past dismal economic data and escalating U.S.-China tensions U.S. declares that Hong Kong is no longer autonomousMajor U.S. stock benchmarks roared higher Wednesday, despite the battered state of the economy and rising tensions between Beijing and Washington as investors focused on efforts to reopen more states for business.
10:57 a.m. May 27, 2020 - By Greg Robb
U.S. economy is near bottom, poised for rebound, Fed’s Williams says Starting to see initial signs of increased economic activity as people start to move around more, New York Fed president saysNew York Fed President John Williams on Wednesday said the economy was near the bottom of the downturn and hopefully poised for a rebound.
12:10 p.m. May 5, 2020 - By Greg Robb
Fed’s Evans sees return to economic growth after June but admits more pessimistic scenarios are almost as likely Chicago Fed president says ‘a lot of things have to go right’ to get unemployment down to 5% by end of 2021 in post-COVID recoveryChicago Fed President Charles Evans said Tuesday it is reasonable to expect a return to growth in the second half of this year, but said more pessimistic scenarios are almost just as likely.
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.
4:51 p.m. April 17, 2020 - Barrons.com
Business Won’t Snap Back So Easily After the Great Reopening “Even if the green light is given today, it’s too soon. I have to look out for my employees and my customers.”
2:08 a.m. April 16, 2020 - Barrons.com
Ex-Barclays CEO: Europe Risks Ceding Dominance to American Banks Governments have moved at unprecedented speed and scale. But the contrast in the private markets couldn’t be clearer, writes the former Barclays CEO Bob Diamond.
12:49 p.m. April 14, 2020 - By Joy Wiltermuth
U.S. stocks close higher as states weigh reopening economy, earnings season kicks off Fed’s Bullard: Quarantine could cost U.S economy $25 billion dailyU.S. stocks closed sharply higher Tuesday, lifted by growing expectations that the worst of the human toll of the COVID-19 pandemic may have passed.
11:08 a.m. April 14, 2020 - By Greg Robb
Fed’s Evans: ‘Many, many things must go right’ for U.S. economy to recover quickly from coronavirus Chicago Fed president sees ‘caveats’ to hopeful story of short recession and recovery later this yearChicago Fed President Charles Evans said Tuesday that many things must go right if the economic pain from the coronavirus is going to be minimized.
2:05 a.m. April 14, 2020 - By Raymond Scheppach
States are facing a fiscal crisis that will be as brutal as that of the Great Recession Rainy day funds will be exhausted by the end of JuneRainy day funds will be exhausted by the end of June.
12:02 p.m. April 9, 2020 - By Sunny Oh
Treasury yields tick lower as Fed deploys ‘M1 tank’ to support economyU.S. Treasury yields edged lower on Thursday after the Federal Reserve said it would deploy up to $2.3 billion of funds to support the flow of credit in the economy.
7:14 a.m. April 7, 2020 - Barrons.com
Banks Are Lending to Companies at the Fastest Rate Ever The growth in commercial and industrial loans at U.S. commercial banks is spiking. The same can’t be said for consumer credit.
12:45 p.m. April 6, 2020 - By Joy Wiltermuth
U.S. stocks end 7% higher as hopes grow that the coronavirus outbreak may stabilize soon Investors nerves still will be heavily tested in coming days and weeksStocks finished near session highs Monday as investors focused on signs that the rapid spread of the COVID-19 disease is stabilizing in the U.S., the new epicenter of the pandemic.
3:41 a.m. April 6, 2020 - By Greg Robb
St. Louis Fed’s Bullard pitches universal daily COVID-19 testing to help restore economy’s health A daily test would give Americans confidence to once again interact, St. Louis Fed president saysSt. Louis Fed President James Bullard on Sunday said testing everyone for the coronavirus is a good way to help the economy recover from the pandemic.
11:39 a.m. March 31, 2020 - By Caroline Baum
Trump’s right! There’s never been anything like this before From 3 million layoffs to record moves in the stock market, the last few weeks truly have been unprecedented, as President Trump always claims President Donald Trump has frequently asserted that there’s never been anything like his presidency. After the unprecedented events of the past few weeks, it’s finally the truth.
5:43 a.m. March 27, 2020 - By Chris Farrell
Why retirement is so challenging for rural Americans Retirement security is especially dire in sparsely populated counties dominated by farmers and ranchersThere are 3 major hurdles rural residents face in planning for retirement.
8:22 a.m. March 25, 2020 - By Greg Robb
Here’s how to think about the economy right now, says Fed’s Bullard: A car slowing in a construction zone There’s nothing wrong with that car’s engine and once clear of the coronavirus pullback, the economy will accelerate again - BullardSt. Louis Federal Reserve President James Bullard warns that because of the coronavirus pandemic, second-quarter economic data will likely be worse than any we’ve ever seen, but he urged Americans to see this as a temporary roadblock.
3:00 a.m. March 25, 2020 - By Paul Brandus
For Trump, a second-quarter meltdown is the worst timing Trump’s path to re-election just got a lot harder, but with him you can never say neverDonald Trump can’t brag about the great economy and the soaring stock market, but don’t count him out yet.
11:30 a.m. March 24, 2020 - By Jonathan Burton
Your 401(k) and IRA could help tide you over in the coronavirus crisis, if only you could get the money without penalty Congress should immediately waive penalties and income taxes for early withdrawal from retirement plansCongress should immediately waive penalties and income taxes for early withdrawal from retirement plans.
4:14 p.m. March 23, 2020 - By Jeffry Bartash
Trump team is weighing whether coronavirus-induced shutdown is doing ‘more harm than good’ ‘We can’t have the cure be worse than the problem,’ Trump saysHow much damage can be inflicted on the U.S. economy to try to stop the coronavirus from killing more people? The Trump White House is increasingly asking the question — and the answer could have grave implications for the health and livelihood of all Americans.
12:46 p.m. March 23, 2020 - By Mark DeCambre
Dow books nearly 600-point drop as Fed efforts overshadowed by rising U.S. coronavirus cases, stalled aid legislation Fed says it would buy assets ‘in the amounts needed’ to support smooth market functioningU.S. stocks finished lower Monday as investors kept a focus on the economic damage from the rapidly spreading coronavirus, despite the Federal Reserve’s announcement that there was no limit to its bond purchases.
12:03 p.m. March 23, 2020 - By Greg Robb
Fed’s Bullard: Don’t take the economy’s temperature until July 1 Words like ‘recession’ and ‘stimulus’ don’t make sense in period where government is actively seeking to reduce economic activity, St. Louis Fed President saysSt. Louis Fed President James Bullard recommends everyone should stop taking the economy’s temperature, saying we’re entering a pandemic adjustment period where business cycle analysis doesn’t make sense.
11:16 a.m. March 23, 2020 - Barrons.com
America Already Had a Skills Crisis. Then the Coronavirus Hit. The education system needs urgent reengineering. It can't wait for schools to reopen.
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