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Eric Rosengren says that the Fed’s Main Street Lending Program started off slow, but interest in borrowing has increased.
Pick a currency, any currency. Chances are, it gained against the U.S. dollar last month.
The nature of the economic crisis resulting from the pandemic means we know little about how to deal with its aftermath.
The Fed said while the economy has rebounded from the low in March and April, the pandemic will have lasting effects.
The central bank’s board of governors is designed with checks and balances, so one member’s influence would be limited.
The Federal Reserve is hoping a task force can solve the shortage of change in the economy.
Judy Shelton’s unpopular view sheds light on why the U.S. and most other economies abandoned linking their currencies to gold
Powell said the re-opening occurred sooner than expected, with hiring and consumer spending both picking up in May.
The Federal Reserve said the road back to recovery would be long, dimming some of the optimism investors.
The Federal Reserve estimated unemployment will be at 9.3% by the end of 2020.