Powell says inflation is still ‘soft’ and the Fed is committed to current policy stance

US Federal Reserve Bank Chairman Jerome Powell speaks at a press conference in Washington, DC, on…

Fed’s Williams say high market prices justified by economic growth and low rates

New York Federal Reserve President John Williams said Friday that high prices for stocks and other…

U.S. Jobless claims report shows unexpected move higher

First-time filings for unemployment insurance jumped last week in a sign of continuing strife for the…

Treasury Secretary Janet Yellen makes push for major stimulus, sees bigger risk in not doing enough

Treasury Secretary Janet Yellen on Thursday said a large stimulus package is still necessary to get…

Fed officials see economy ‘far from’ where it needs to be, meaning easy policy won’t change soon, minutes show

Federal Open Market Committee members at their most recent gathering reaffirmed that the central bank will…

Household debt rises to $14.6 trillion due to record-breaking rise in mortgage loans

People count money at Macy’s Herald Square store in New York. Andrew Kelly | Reuters Total…

U.S. retail sales January 2021

Consumers flocked to spend their stimulus checks in January, sending retail sales for the month up…

Energy prices climb again as deep freeze holds grip on the South

People shop in Fiesta supermarket on February 16, 2021 in Houston, Texas. Winter storm Uri has…

Fed’s Bullard doesn’t see asset bubble and doubts policy will tighten soon

St. Louis Federal Reserve president James Bullard said Tuesday that he doesn’t see a bubble in…

Deficit projected at $2.3 trillion for 2021, without new stimulus: CBO

The federal budget deficit is projected to total $2.3 trillion in the 2021 fiscal year, a…

Fed’s Harker says inflation won’t be posing a threat anytime soon

Philadelphia Federal Reserve President Patrick Harker said Thursday that the central bank won’t have to worry…

White House has acquired 200 million more Covid vaccine doses, report says

President Joe Biden makes brief remarks before signing several executive orders directing immigration actions for his…

Jobless claims worse than expected as pandemic-related filings surge

First-time claims for unemployment insurance totaled 793,000 last week as declining Covid-19 cases provided little relief…

Watch Fed Chair Jerome Powell speak live to the Economic Club of New York

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‘Patiently accommodative’ because of bleak jobs picture

Federal Reserve Jerome Powell testifies during a Senate Banking Committee hearing on “The Quarterly CARES Act…

Job openings increased toward the end of 2020, but a big employment gap remains

A hiring sign is posted i front of a Target store on February 05, 2021 in…

Jobs report January 2021: Unemployment rate falls

Job growth returned to the U.S. in January, with nonfarm payrolls increasing by 49,000 while the…

Fed’s Mester doesn’t see policy changes coming from GameStop saga

Cleveland Federal Reserve President Loretta Mester said top regulators should be looking at the GameStop trading…

Jobless claims better than expected last week and lowest in two months

Weekly jobless claims came in a bit less than expected last week though U.S. employment gains…

Private companies added 174,000 jobs in January, vs 50,000 estimate, ADP says

Commuters arrive at Grand Central Station with Metro-North during morning rush hour on June 8, 2020…

Dallas Fed President Kaplan stresses need for more spending to keep economic recovery going

Dallas Federal Reserve President Robert Kaplan in a CNBC interview Tuesday backed more spending across a…

Fed’s Bostic says economy could recover more quickly than expected

Atlanta Federal Reserve President Raphael Bostic said Monday that he’s not worried about the U.S. economy…

Jobless claims rise less than expected at 847,000 first-time applicants

A woman walks past a closed retail store for lease in the midtown area of Manhattan…

Economy closes out 2020 with lower than expected 4% gain

After a year in which a pandemic and politics posed challenges unlike the U.S. has seen…

Fed decision January 2021: rates unchanged

A Federal Reserve police officer walks past the Marriner S. Eccles Federal Reserve building in Washington,…

Minnesota confirms first known U.S. case of more contagious Covid variant originally found in Brazil

The Minnesota Department of Health said Monday it has confirmed the first known U.S. case of…

Jobless claims show modest decline as Congress works on more stimulus

Americans continued to hit the unemployment line in large numbers as the ongoing surge of Covid…

Fed’s Rosengren voices support for Biden stimulus proposal

President-elect Joe Biden’s proposed stimulus plan is the right medicine for an economy likely to see…

Powell sees no interest rate hikes on the horizon as long as inflation stays low

Federal Reserve Chairman Jerome Powell affirmed his commitment to keeping interest rates low for the foreseeable…

Watch Fed Chair Jerome Powell live in a Q&A on the economy

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