Fed holds rates near zero amid fresh signs US economic recovery is slowing
The Federal Reserve said during its first meeting of the year on Wednesday that it would leave interest rates near zero and reaffirmed its commitment to other easing policies amid fresh signs the U.S. economic recovery from the coronavirus pandemic is …
Incoming Biden administration hopes to quickly pass $1.9 trillion relief bill
The incoming Biden administration will work toward the speedy passage of its $1.9 trillion coronavirus relief plan, Voice of America reports.
Treasury moves to end several crisis-era programs, drawing pushback from the Fed
The Treasury Department is looking to extend a handful of the Federal Reserve programs used to get markets through the early days of the coronavirus crisis but is going to end several others that expire at the end of the year.
The post Treasury moves t…
Fed’s Powell: More important for U.S. to get digital currency right than be first
In any development of a cross-border digital currency, it is more important for the United States “to get it right than be first,” U.S. Federal Reserve Chair Jerome Powell said on Monday.
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Fed: Interest Rates to Remain at Near Zero Through 2023
Interest rates are expected to stay at near zero through 2023, the Federal Reserve said Wednesday.
The post Fed: Interest Rates to Remain at Near Zero Through 2023 appeared first on Worthy Christian News.
Federal Reserve’s $3 trillion virus rescue inflates market bubbles
The Federal Reserve’s $3 trillion bid to stave off an economic crisis in the wake of the coronavirus outbreak is fuelling excesses across U.S. capital markets.
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