Former Fed Officials Urge Senate to Reject Fed Nominee
The group said Judy Shelton was ‘incapable’ of leaving politics at the door.
July Jump in Prices Eases Disinflation Fears
Core inflation rose 0.6% last month, the largest gain since January 1991, as the disinflationary impact of the coronavirus continued to wear off.
Fed Clamps Down on Bank Capital Distributions
The regulator is seeking to “ensure large banks remain resilient despite the economic uncertainty" from the coronavirus pandemic.
Households’ Money Problems Started Back in March
About 13% of adults reported that they lost a job or were furloughed in March or the beginning of April this year.
Core Inflation Posts Record 0.4% Drop in April
The coronavirus crisis drove consumer prices into "a disinflationary shock" last month despite government efforts to stimulate the economy.
Will the Federal Reserve Cut Interest Rates Below 0% This Week?
“Terrifyingly high unemployment and potentially rapid disinflation are powerful arguments in favor."
Fed Offers More Support for Loans, Corporate Debt
The Fed's latest moves in response to the coronavirus crisis take it "well beyond the lender-of-last-resort functions it played" during the Great Recession.
Moody’s Sees Potential Recovery in 2nd Half of 2020
But downside risks to growth remain high as the spread of the coronavirus and duration of lockdowns remain “highly uncertain."
Fed Offers Liquidity to Foreign Central Banks
The new FIMA Repo Facility is the Fed's latest move to relieve stresses in financial markets resulting from the coronavirus crisis.
Fed Loosens Examination Reins on Banks
The Fed is reducing its focus on exams to “minimize disruption and burden" on banks during the coronavirus crisis.
Fed Expands Asset Purchases to Boost Markets
“We are now in QE infinity, again,” a CIO says after the Fed announced unlimited asset purchases in response to the coronavirus crisis.