How low interest rates may shape the start of a Biden presidency

Nov 24, 2020
The only thing really left is for Congress and a president to pass more stimulus.
President-elect Joe Biden announces key cabinet nominees at a press conference on Nov. 24 in Wilmington, Delaware.
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What you need to know about “austerity”

Nov 16, 2020
Calls for austerity likely slowed the economic recovery from the Great Recession. Could that happen again?
Government spending during a recession needs to be like "turning into a skid," said economist J.W. Mason. "When your tax revenue is falling, you need to pick up the spending."
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Consumer prices didn't rise in October. That may not be good news.

Nov 12, 2020
Low inflation is a sign that the recovery may be losing steam.
Customers shop at an Arizona mall in June. Flat prices across the economy might be a sign of weakness.
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What to expect from Biden on propping up the COVID economy

Biden's COVID task force is expected to tackle funding for state and local governments, as well as schools and small businesses.
President-Elect Joe Biden and Vice President-Elect Kamala Harris take the stage at the Chase Center to address the nation Nov. 7, 2020 in Wilmington, Delaware.
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Fed Chair Powell says full economic recovery depends on managing COVID-19

Social distancing and wearing masks will help get the economy back to full strength, Powell said Thursday.
Drew Angerer/Pool/AFP via Getty Images

U.S. economy rebounded to grow at record 33% annual rate last quarter

Oct 29, 2020
Yet the recovery from the deepest recession since the Great Depression of the 1930s remains far from complete.
Valerie Macon/AFP via Getty Images

Without more relief spending, the recovery's likely to stall

Oct 7, 2020
And that's likely to hurt families who are already stretched to the limit.
President Trump gives a thumbs up upon his return to the White House from Walter Reed National Military Medical Center on Oct. 05. The president said he was ending stimulus talks Tuesday, but later backtracked.
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On 9/11, pondering the COVID-19 recovery ahead

Sep 11, 2020
Experts believe New York will be a very different place in the aftermath of the pandemic. One big change: more affordable.
People visit the 9/11 memorial plaza in New York City.
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Is the economy in a V-shaped recovery?

Aug 26, 2020
Strong sales of big-ticket items like cars and business machinery are a positive sign, but they're just one part of a much bigger equation.
A car salesman talks to customers at a New York dealership in June. Durable goods orders rose in July, led by a surge in demand for cars.
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Fed sees dim economic outlook as virus squeezes economy

Jul 29, 2020
The Fed said while the economy has rebounded from the low in March and April, the pandemic will have lasting effects.
Federal Reserve Chair Jerome Powell testifies before the House Financial Services Committee on Capitol Hill on June 30, 2020 in Washington, D.C.
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