WASHINGTON—Federal Reserve Chair Jerome Powell on April 14 pushed back on warnings about a rising federal budget deficit and national debt due to aggressive fiscal response to the pandemic and said the “current level of the debt is very sustainable.” “There’s no question of our ability to service and issue that debt for the foreseeable…
Fed Holds Interest Rates Near Zero, Boosts Economic Projections
WASHINGTON—The Federal Reserve announced on March 17 that it would keep U.S. interest rates near zero as the pandemic continues to pose “considerable risks” to the economy. The central bank, however, made a significant upgrade to its forecasts to reflect the acceleration of economic recovery after the $1.9 trillion COVID relief package. “Following a moderation in the pace…
NTD Business Full Broadcast (Mar. 17)
Fed Chairman Jerome Powell still isn’t worried about inflation. He announced today the federal reserve will keep its fed funds rate at record lows until least 2023. As rates remain low, how can your retirement fund manager preserve your savings? Morgan Stanley will start giving its clients access to Bitcoin. It’s the first big U-S…
Fed’s Powell Says Economic Outlook ‘Highly Uncertain,’ Pins Hopes on Vaccine
WASHINGTON—Federal Reserve Chair Jerome Powell said on Feb. 23 the ongoing COVID-19 vaccinations could help speed a return to normal activities later this year, but also warned that the U.S. economic recovery from the pandemic still “remains unequal and far from complete.” Speaking to the Senate Banking Committee, Powell offered a more optimistic view about…
Economists Divided Over Inflation Risks From Stimulus Plan
February 10, 2021
admin
ArchivedExecutive BranchinflationJanet Yellenjerome powellLarry SummersNewsPoliticsstimulus packageUS
0 Comment
WASHINGTON—The prospects for another large COVID stimulus package have reignited fears for inflation, causing a deep division among economists. While some forecasters believe that the stimulus plan pushed by Democrats threatens future inflation, the others shrug off these concerns, saying inflation worries are overstated. Democratic economist Larry Summers in an op-ed in the Washington Post…
Fed Sets Cautious Tone as Economic Momentum Slows
WASHINGTON—The Federal Reserve warned on Jan. 27 that the U.S. economy is a long way from recovery as the resurgence in COVID-19 has weighed on economic activity and the labor market. After the conclusion of the central bank’s two-day policy meeting, Fed officials announced that they would hold the target range for the federal funds rate at zero to…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta