Dallas Fed President Robert Kaplan Says More Fiscal Help Will Be Needed, Including Aid To States
More help will be needed from the Federal Reserve and Congress to get the U.S. economy through its current slump, Dallas... Read more
As States Reopen, It's A Race Against The Clock For Small Businesses To Pay Bills And Stay Solvent
As states reopen, the focus has turned to whether smaller companies can find enough business to survive, preventing a wa... Read more
Weekly Mortgage Applications Point To A Remarkable Recovery In Homebuying
If mortgage demand is an indicator, buyers are coming back to the housing market far faster than anticipated, despite co... Read more
CBO Projects 38% Drop In GDP, $2.1 Trillion Increase In The Deficit
The CBO also projects 26 million more unemployed Americans than there were at the end of 2019. Read more
Jamie Dimon Says Coronavirus Crisis Is 'wake-up Call' For A More Inclusive Economy
Dimon detailed the steps his firm has taken to support customers and employees since the crisis began two months ago. Read more
Unemployment Is Nearing Great Depression Levels. Here's How The Eras Are Similar — And Different
The unemployment rate is at its highest since the Great Depression. The current situation differs from that of the early... Read more
U.S. Housing Starts Fall Sharply In April
U.S. homebuilding dropped to a five-year low in April, underlining fears that the novel coronavirus crisis would lead to... Read more
Powell To Tell Congress The Fed Is Committed To Using All Tools To Fight The Unprecedented Downturn
"We are committed to using our full range of tools to support the economy in this challenging time," Powell said in rema... Read more
Homebuilder Sentiment Bounces Back In May, After Record Plunge In April
After the sharpest one-month drop in the history of the index in April, homebuilder sentiment bounced back slightly in M... Read more
Powell Says A Full Economic Recovery May Not Happen Without A Vaccine
The Fed noted that the recovery likely would depend on how Americans feel about their safety. Read more
Federal Government Should Help States, Cities And Hospitals Recover From Coronavirus, Gary Cohn Says
Former Trump advisor Gary Cohn said that a potential vaccine shouldn't stop the government from providing aid to parts o... Read more
Trump Advisor Kevin Hassett: Fed Chief Too Pessimistic On Time It'll Take For Economy To Recover
White House senior advisor Kevin Hassett told CNBC on Monday he disagrees with Fed Chairman Jerome Powell on the time-fr... Read more
LinkedIn Data Shows U.S. Job Hiring May Have Hit Bottom In Mid-April
The U.S. may have experienced the worst of its coronavirus-related job losses in mid-April, and hiring could be on the v... Read more
Powell Says GDP Could Shrink More Than 30%, But He Doesn't See Another Depression
The central bank chief conceded that jobless numbers will look a lot like they did during the 1930s. Read more
GDP Could Decline By 42% In The Second Quarter, According To The Atlanta Fed
The already dismal outlook for economic growth during the current period just got considerably worse. Read more