1:16 p.m. Sept. 16, 2020
- By Joy Wiltermuth
Stocks end mostly lower after Fed holds interest rates steady near zero, but underscores risks to economic recovery Powell says economic scars of unemployment, foreclosures and evictions a risk without additional fiscal stimulus from CongressU.S. benchmark stock index closed mostly lower Wednesday, after the Federal Reserve said it would likely hold interest rates near zero until at least 2023 given the outlook for inflation and employment in the wake of the coronavirus pandemic, but also indicated risks to the economy remain.
10:40 a.m. April 16, 2020
- By Satyajit Das
The economic fallout from the coronavirus pandemic is bigger than any stimulus now in the works World governments are flying blindfolded into a monumental stormWorld governments are flying blindfolded into a monumental storm, writes Satyajit Das.