WASHINGTON (Reuters) – US lawmakers on Tuesday will have another chance to criticize the heads of the Federal Reserve and Treasury over the effectiveness of the nearly $ 3 trillion in emergency aid apportioned to stem the economic consequences of the new coronavirus pandemic . FILE PHOTO: Federal Reserve Chairman …
Read More »Fed Powell Emphasizes Uncertainty and Challenges Facing the US Economy
FILE PHOTO: US Federal Reserve Chairman Jerome Powell arrives to speak to journalists in Washington, USA, on March 3, 2020. REUTERS / Kevin Lamarque (Reuters) – US Federal Reserve Chairman Jerome Powell said Monday that prospects for the world’s largest economy are “extraordinarily uncertain” and will depend as much on …
Read More »A cash cliff spells trouble for America’s unemployed and everyone else
(Reuters) – Judith Ramirez is preparing for July. That’s when the hotel housekeeper and her electrician husband, who have been out of a job for three months, expect their combined unemployment benefits to drop by more than half, and their deferred mortgage payment of $ 1,500 per month due. his …
Read More »A cash cliff spells trouble for America’s unemployed and everyone else
(Reuters) – Judith Ramirez is preparing for July. That’s when the hotel housekeeper and her electrician husband, who have been out of a job for three months, expect their combined unemployment benefits to drop by more than half, and their deferred mortgage payment of $ 1,500 per month due. his …
Read More »Great tobacco, great oil and Buffett join the Fed portfolio
WASHINGTON (Reuters) – The United States Federal Reserve bought $ 428 million in bonds from individual companies through mid-June, making investments in names known as Walmart and AT&T, as well as in major oil companies, tobacco giant Philip Morris. International Inc and a utility subsidiary of billionaire holding Warren Buffett’s …
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