(Reuters) – Here are five things to know about the Federal Reserve’s new strategy for achieving stable prices and maximum employment. The divisive policy shift was announced on Thursday. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, USA, March 19, 2019. REUTERS / Leah Millis …
Read More »Exclusive: Fed’s Bullard – Wall Street ‘almost right’ as US muddles by virus risk
(Reuters) – A record-breaking share in a pandemic may not seem to be reaching, but President St. Bull Federal Reserve James Bullard says Wall Street is doing well and he expects the United States to do better than many forecasters expect as businesses and households learn to manage the risks …
Read More »US hits fiscal cliff with jobs, economic recovery in balance
(Reuters) – The US drive to boost its economy in the midst of a pandemic came to a halt last week with signs that declining unemployment and business subsidies may have begun to take a toll. PHILO PHOTO: People who lose their jobs are usually waiting to work for unemployment …
Read More »Trump’s COVID orders too little, too late to help US economy, experts say
(Reuters) – U.S. President Donald Trump’s weekend effort to hold stagnant congressional talks on the next coronavirus bailout package will not do much to boost the economy, experts said. US President Donald Trump speaks at a pandemic briefing on coronavirus (COVID-19) disease at the White House in Washington, USA, August …
Read More »Fed’s Evans says another coronavirus help package is ‘incredibly important’: interview
PHOTO PHOTO: Chicago Federal Reserve Bank President Charles Evans Speaks at the Global Interdependence Center Members’ Delegation Event in Mexico City, Mexico, February 27, 2020. REUTERS / Edgard Garrido / File Photo NEW YORK (Reuters) – The United States would have to implement another support package to ensure workers can …
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