Fed Chair Jerome Powell said another relief package from Congress will likely be needed.

Low interest rates hurt our ability to save.

The change will allow the central bank to keep interest rates low even if inflation tops its 2% target.

Pick a currency, any currency. Chances are, it gained against the U.S. dollar last month.

Amid the wreckage of 2020, are there opportunities to fix what was already broken, including the system of human relationships we call the economy?

The Federal Reserve estimated unemployment will be at 9.3% by the end of 2020.

The central bank said the effects of the outbreak will weigh on economic activity in the near term and pose risks to the economic outlook.

On Wednesday, just hours before the U.K. government will outline new spending plans, the Bank of England announced the cuts.

The U.S. government may need to spend its way out of a coronavirus-induced slowdown.

“A half a point is not going to cure anybody,” said Karen Petrou, managing partner of Federal Financial Analytics.