Federal Reserve Admits There Is A Coin Shortage

The Federal Reserve announced on June 11th that COVID-19 had caused a disruption in the normal flow and distribution of circulation of US coinage. The following week, Jerome Powell, the head of the Federal Reserve, spoke before the US House Committee o…

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U.S. Stocks Plunge Over Coronavirus and Economic Concerns

U.S. President Donald Trump pledged a strong, swift economic recovery and coronavirus vaccine after the U.S. market had its worst finish in three months.
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Fed vows to support U.S. economy’s ‘long road’ to recovery after dire 2020

The U.S. Federal Reserve on Wednesday signaled it plans years of extraordinary support for an economy facing a torturous slog back from the coronavirus pandemic, with policymakers projecting the economy to shrink 6.5% in 2020 and the unemployment rate to be 9.3% at year’s end.

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Federal Reserve sees interest rate target near zero through 2022

The Federal Reserve on Wednesday announced that it will keep its interest rate target near zero.
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Fed Warns of Possible Long-Term Recession, 3 Million More File Jobless Claims

Federal Reserve Chair Jerome Powell says the United States may face a prolonged economic downturn, and new unemployment numbers out Thursday morning seem to reinforce his prediction. The latest stats reveal nearly 3 million more Americans filed for job…

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40% of low-income Americans lost their jobs due to the pandemic

Nearly 40% of lower-income Americans lost work as the coronavirus pandemic began its assault on the U.S. economy, according to the Federal Reserve.
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