Tag
Chair Jerome Powell says the Fed is committed to its goals of 2% inflation and full employment.
Fed Chair Jerome Powell and Treasury Secretary Janet Yellen peg the actual unemployment rate at around 10%, higher than the official 6.3%.
The only thing really left is for Congress and a president to pass more stimulus.
Social distancing and wearing masks will help get the economy back to full strength, Powell said Thursday.
What do ongoing low interest rates mean for consumer saving and spending, and businesses seeking help with debt?
Different lenders may offer the same individual wildly different rates and fees.
The S&P 500 gained 8.5%, the Dow is up 7.5% and the Nasdaq is up 11% for the quarter.
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.
