Economic recovery "may take some time to gain momentum," Fed Chair says

It may take until the end of 2021 for the economy to recover, Jerome Powell said Sunday.
Fed Chair Jerome Powell says there's "really no limit" to what the central bank can do with lending programs.
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Powell warns of a possible sustained recession from pandemic

May 13, 2020
Powell cautioned that numerous bankruptcies among small businesses and extended unemployment for many people remain a serious risk.
Powell urged Congress and the White House to act further to prevent long-lasting economic damage.
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How the Federal Reserve's "discount window" works

Mar 16, 2020
The Fed's cut to its short-term, emergency loan rate is meant to keep credit flowing to households and businesses.
The Fed also announced a cut in the discount rate in an attempt to stimulate the economy during the downturn caused by COVID-19.
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Wall Street awaits Fed Chair Powell’s Friday speech for signs of further rate cuts

Aug 22, 2019
The Fed’s annual Economic Policy Symposium is like the Academy Awards for a certain type of economist.
WASHINGTON, DC - JANUARY 30:   Federal Reserve Board Chairman Jerome Powell pauses during a news conference after a Federal Open Market Committee meeting January 30, 2019 in Washington, DC. The Fed has decided to leave interest rates unchanged. (Photo by Alex Wong/Getty Images)

The first rate cut in over 10 years: what a difference a decade makes

Jul 31, 2019
A global economic meltdown caused the last rate cuts. Today, the economy is far from that point.
Newspapers at a newsstand on Sept. 16, 2008, in New York City, at the height of the Great Recession.
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What questions do you have about the Federal Reserve?

Jul 24, 2019
With the Fed expected to cut interest rates next week, let us know what you want us to answer about the central bank.
Jerome Powell during his confirmation hearing for Fed Chair in late 2017.
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Fed Chair says corporate debt a concern, not yet a catastrophe

May 21, 2019
The ratio of business debt to U.S. GDP is at historic highs. Fed Chair Jerome Powell said signs don’t point to corporate debt bringing down the whole financial system. But he also said there are some things we don’t know…
Federal Reserve Board Chairman Jerome Powell.
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