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Interest rates

Is the dollar no longer king in the international economy?

by Scott Tong
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.
Mark Wilson/Getty Images
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Specials

The Economy Reimagined, Part 1: Dealing with Inequality

by David Brancaccio and Kimberly Adams
Aug 7, 2020
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.
Spencer Platt/Getty Images
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COVID-19

Amid bleak economic projections, Fed votes to keep interest rates near zero

by David Brancaccio , Nancy Marshall-Genzer and Alex Schroeder
Jun 11, 2020
The Federal Reserve estimated unemployment will be at 9.3% by the end of 2020.
The Federal Reserve Wednesday issued projections showing interest rates near zero through 2022.
Mandel Ngan/AFP via Getty Images
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COVID-19

Fed slashes rates to near zero, eases bank lending rules

by Associated Press
Mar 15, 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.
Federal Reserve Board Chairman Jerome Powell
Mark Wilson/Getty Images
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COVID-19

Bank of England, U.K. government take policy action over COVID-19

by Victoria Craig
Mar 11, 2020
On Wednesday, just hours before the U.K. government will outline new spending plans, the Bank of England announced the cuts.
Mark Carney (left), governor of the Bank of England, and Andrew Bailey, governor-designate of the Bank of England, arrive to attend a news conference on March 11, 2020.
Peter Summers - WPA Pool/Getty Images
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COVID-19

What if the economy needs more than the Fed can give it?

by Sabri Ben-Achour
Mar 3, 2020
The U.S. government may need to spend its way out of a coronavirus-induced slowdown.
Federal Reserve Chair Jerome Powell announced an interest rate cut of half a percentage point Tuesday.
Scott Olson/Getty Images
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COVID-19

In emergency move, Fed cuts interest rates by 0.5%

by David Brancaccio
Mar 3, 2020
"A half a point is not going to cure anybody," said Karen Petrou, managing partner of Federal Financial Analytics.
An interest rate cut that occurs between formal policy meetings is highly unusual.
Sarah Silbiger/Getty Images
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The Fed may have been wrong about the economy for years

by Kai Ryssdal and Sean McHenry
Dec 11, 2019
2019 saw a major shift in monetary policy. Does that mean the Fed has been wrong about the economy for years?
Fed Chair Jerome Powell speaks following the final FOMC meeting of 2019.
Alex Wong/Getty
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Paul Volcker's battle against inflation pushed interest rates up to 20%

by Amy Scott
Dec 9, 2019
Getting a loan in the early 1980s was a lot more expensive than today. That was the point.
Former Federal Reserve Chairman Paul Volcker testifies before the Joint Economic Committee May 14, 2008 on Capitol Hill in Washington, DC.
Win McNamee/Getty Images
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Fed meets ahead of interest rate decision

by Mitchell Hartman
Oct 30, 2019
Economists think another interest rate cut is on the way.
A view of the U.S. Federal Reserve building. 
KAREN BLEIER/AFP/Getty Images
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