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Stories Tagged as

Interest rates

Fed once again leaves interest rates unchanged

by David Brancaccio and Nancy Marshall-Genzer
Apr 29, 2021
Chair Jerome Powell says the Fed is committed to its goals of 2% inflation and full employment.
Fed Chair Jerome Powell says the higher inflation we’re seeing now in some parts of the economy is temporary, and unemployment is still too high.
Jim Lo Scalzo/Pool/AFP via Getty Images
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COVID & Unemployment

Fed and Treasury chart path back to "full employment"

by Mitchell Hartman
Feb 24, 2021
Fed Chair Jerome Powell and Treasury Secretary Janet Yellen peg the actual unemployment rate at around 10%, higher than the official 6.3%.
Federal Reserve Chair Powell testified on Capitol Hill about the U.S. labor market.
Mark Wilson/Getty Images
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COVID-19

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

by Sabri Ben-Achour
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.
Mark Makela/Getty Images
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COVID-19

Fed Chair Powell says full economic recovery depends on managing COVID-19

by David Brancaccio , Nancy Marshall-Genzer and Alex Schroeder
Nov 6, 2020
Social distancing and wearing masks will help get the economy back to full strength, Powell said Thursday.
Drew Angerer/Pool/AFP via Getty Images
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The Fed meets again this week. It's likely to keep interest rates low for a while.

by Justin Ho
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.
Daniel Slim/AFP via Getty Images
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Who actually gets those low, low mortgage rates?

by Amy Scott
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.
Frederic J. Brown/AFP via Getty Images
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What's behind the stock market's strong third quarter?

by David Brancaccio , Nova Safo and Alex Schroeder
Oct 1, 2020
The S&P 500 gained 8.5%, the Dow is up 7.5% and the Nasdaq is up 11% for the quarter.
Angela Weiss/AFP via Getty Images
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Fed plans to keep interest rates near zero through 2023. What else can it do for the economy?

by David Brancaccio , Nancy Marshall-Genzer and Alex Schroeder
Sep 17, 2020
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.
Brendan Smialowski/AFP via Getty Images
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How low interest rates could make inequality worse

by David Brancaccio , Rose Conlon and Erika Soderstrom
Sep 1, 2020
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."
Daniel Slim/AFP via Getty Images
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Fed: Rates to stay ultra-low even after inflation picks up

by Associated Press
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.
Tasos Katopodis/Pool/AFP via Getty Images
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