Jerome Powell's Message To Americans: 'The Federal Reserve Is Working Hard To Support You'
Federal Reserve Chairman Jerome Powell is trying to reassure Americans about this unprecedented financial crisis ignited... Read more
House Unlikely To Vote On Historic $2 Trillion Coronavirus Stimulus Bill Wednesday
Majority Leader Mitch McConnell said the Senate will pass the legislation later Wednesday. The full text of the bill has... Read more
Democratic Sen. Chris Coons Says $2 Trillion Coronavirus Relief Package Was 'worth The Day Wait'
"The things that Democrats stood firm for, expanding unemployment, helping states and counties, investing in hospitals, ... Read more
Bernanke Says Fed Chief Powell 'got Ahead Of This,' And 'going Big' Was Right Thing To Do
Bernanke told CNBC the Federal Reserve acted with appropriate force. Read more
Former Fed Chairman Ben Bernanke Sees 'very Sharp' Recession, Followed By 'fairly Quick' Rebound
Former Federal Reserve Chairman Ben Bernanke sounded an optimistic tone on the longer-term state of the economy, Read more
Fed's James Bullard Says After A Short-term 'unparalleled' Shock, Economy Will Boom Again
The central bank official was in the news earlier this week when he forecast that the unemployment rate will skyrocket t... Read more
US Durable Goods Orders Unexpectedly Jump 1.2% In February
New orders for long-lasting U.S. manufactured goods unexpectedly rose in February, but are set to decline as strict meas... Read more
Weekly Mortgage Applications Tank 29% As Coronavirus Sidelines Homebuyers
A hike in interest rates, combined with a massive shutdown of the economy caused homeowners and potential homebuyers to ... Read more
White House Not Considering Three-month Tariff Deferral, Top Trade Advisor Peter Navarro Says
The White House's top trade advisor denied on Tuesday that the Trump administration was considering a three-month deferr... Read more
Coronavirus Stimulus Bill Fails In Key Senate Procedural Vote
Democratic leaders warned that the bill did too much to bail out companies and not enough to help workers. Read more
The Federal Reserve Just Pledged Asset Purchases With No Limit To Support Markets
The Federal Reserve launched a barrage of programs aimed at helping markets function more efficiently amid the coronavir... Read more
The Government Budget Deficit Is About To Explode To Fight The Coronavirus
Remember when people were all worked up over trillion-dollar government budget deficits? Those might seem like the good ... Read more
Airlines Tell Congress They Need Cash Coronavirus Aid Or Thousands Will Be Furloughed
Airlines warned Congress thousands of jobs were at risk without direct grants to fight impact of coronavirus. Read more
Financing Programs For Businesses Hit By The Coronavirus Could Amount To $4 Trillion, Mnuchin Says
Part of a bipartisan stimulus effort will include joint efforts between the Treasury and Federal Reserve to get liquidit... Read more
Fed's Bullard: Coronavirus Shutdown Is Not A Recession But An Investment In Survival
Shutdown measures must be coupled with massive federal government support to sustain the population through isolation an... Read more