The Federal Reserve in its decision on Thursday set a short-term orrowing rate close to zero that showed the economy was growing but not as close as it was before the coronavirus epidemic hit. As per the broader expectation of the markets, the Fed kept its benchmark interest rate between …
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Minneapolis Federal Reserve President Neil Kashkari became the latest central banker to warn against further stimulus in the US economy, saying the cost behind doing anything could not be huge. As tensions escalate in Washington, Kashkari told CNBC that workers, businesses and governments need more cash from Congress. “There are …
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U.S. Federal Reserve Chairman Jerome Powell speaks during a House Financial Services Committee hearing in Washington, D.C., on Tuesday, February 11, 2020. Andrew Herrer | Bloomberg | Getty Images Federal Reserve Chairman Jerome Powell pledged continued support for the economy, saying it had improved significantly, but more work was needed. …
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The Federal Open Market Commission raised concerns at its recent meeting on the future of the economy, saying the coronavirus is likely to continue to stunt growth and pose potential dangers to the financial system. At the July 28-29 session, the Federal Reserve’s policy-making arm voted to keep short-term interest …
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The US Federal Reserve will have to deal with a delicate balancing act if it opts for a more relaxed view of inflation, according to a former Federal Reserve governor. It comes as market participants look ahead to the final meeting minutes of the Fed, amid intense speculation the central …
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