recovery depends on pandemic, fed admits

WASHINGTON Federal Reserve expressed concern Wednesday that the persistent outbreak will be drag on the economy and on hiring in the coming months and plans to keep its benchmark short-term interest rate pegged near zero to help provide support.. ... And it suggested that Powell and..

fed holds rates on coronavirus surge

Federal Reserve Chairman Jerome Powell speaks to reporters during news conference Washington... U.S coronavirus cases is beginning to weigh on activity, the head of Federal Reserve said on Wednesday, and he promised U.S central bank would do what we can, and for as long..

the fed needs to focus on employment

Given how uncertain the outlook is right now, I doubt Fed will opt for such calendar-based guidance. ... He is professor of economics at University of Rochester and was president of Federal Reserve Bank of Minneapolis from 2009 to 2015... ..

what the fed owns

Federal Reserve Bank of New York spent more than $70 billion to buy toxic assets the companies owned. ... It's bad enough that Fed owns all these toxic assets, governments... ..

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