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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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.
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The Fed meets again this week. It's likely to keep interest rates low for a while.

Nov 2, 2020
What do ongoing low interest rates mean for consumer saving and spending, and businesses seeking help with debt?
With bank accounts paying next to nothing in interest, some people are starting to spend their money.
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Who actually gets those low, low mortgage rates?

Oct 20, 2020
Different lenders may offer the same individual wildly different rates and fees.
A construction worker walks through the site of a new house being built in San Marino, California. Housing starts in September were up 11% from last year.
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What's behind the stock market's strong third quarter?

The S&P 500 gained 8.5%, the Dow is up 7.5% and the Nasdaq is up 11% for the quarter.
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Fed plans to keep interest rates near zero through 2023. What else can it do for the economy?

Fed Chair Jerome Powell said another relief package from Congress will likely be needed.
The Fed can't make grants. That's Congress' job. "These are lending powers, not spending powers," Fed Chair Jerome Powell said Wednesday.
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How low interest rates could make inequality worse

Low interest rates hurt our ability to save.
Karen Petrou, managing partner at Federal Financial Analytics, says there's "nothing" in the Federal Reserve's new policy for "shared prosperity."
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Fed: Rates to stay ultra-low even after inflation picks up

Aug 27, 2020
The change will allow the central bank to keep interest rates low even if inflation tops its 2% target.
Federal Reserve Chair Jerome Powell is announcing a major change in policy Thursday that will allow the central bank to keep interest rates low even if inflation tops its 2% target.
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Is the dollar no longer king in the international economy?

Aug 10, 2020
Pick a currency, any currency. Chances are, it gained against the U.S. dollar last month.
It won't be easy to knock off the U.S. dollar. When governments save their money, they overwhelmingly save in dollars.
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The Economy Reimagined, Part 1: Dealing with Inequality

Amid the wreckage of 2020, are there opportunities to fix what was already broken, including the system of human relationships we call the economy?
Pictured: Hundreds of people wait in line for hours at a downtown Brooklyn office for their EBT Food Stamp cards on May 12, 2020 in New York City.
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