Economists Expect Slow Recovery, But Aren’t Forecasting ‘Double-Dip’ Recession
Economists' thoughts on when exactly the recession will end vary, with 35% expecting the current recession to end in the second half of 2020.
ECB Adds $672B to Pandemic Relief Program
“The euro area economy is experiencing an unprecedented contraction," the ECB said as it provided additional stimulus through emergency bond buying.
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."
OECD Urges Immediate Action on Coronavirus
“The virus risks giving a further blow to a global economy that was already weakened by trade and political tensions."
Powell Says Fed Grappling With Trade Uncertainty
“There are no recent precedents to guide any policy response to the current situation," the Federal Reserve chairman warns.
Is More Quantitative Easing in Sight?
Good news: U.S. banks' funding costs are falling. Bad news: the European Central Bank prepares to make new asset purchases.
Trump to Nominate Judy Shelton and Christopher Waller to Fed
The new nominations come after Trump’s previous nominees, Stephen Moore and Herman Cain, both withdrew from consideration.
ECB Leaves Rates Unchanged, Hints at Easing
Amid "pervasive uncertainty" over trade, "the ECB and the U.S. Federal Reserve appear to have given up on plans to tighten [monetary] policy."
Fed Cited Sluggish Growth for Patience on Rates
Policymakers still appear to have left themselves "some wiggle room” in determining monetary policy for the rest of 2019.
Trump Taps Former Pizza Exec Cain for Fed Seat
Fed veterans are concerned Trump is seeking to reshape the central bank with political loyalists Herman Cain and Stephen Moore.
What Happens When the Bid Goes to Zero?
If the Fed is going to conduct monetary policy by manipulating asset prices, it should expect to see periods of extreme market volatility.