PARIS — For nearly six months, Philippe Boreal and 120 of his fellow workers have been paid to stay home from their jobs at a Cannes luxury hotel that was […]
Interest Rates
Trending topics and news from the Interest Rates category
Back to news homeBiden and the Fed Leave 1970s Inflation Fears Behind
Economists have struggled to understand the phenomenon, but they largely think inflation is being held down by a cocktail of aging demographics, changing consumer expectations and limited pricing power in […]
Bank of England Tells Banks to Negative Interest Rates
The Bank of England has told British banks that they should take whatever steps are necessary to prepare their systems for negative interest rates, opening up a pathway for the […]
Fed Leaves Interest Rates Near Zero as Economic Recovery Slows
Federal Reserve officials left interest rates near zero on Wednesday and pledged to continue making huge bond purchases as the central bank tries to help the economy weather the continuing […]
How Full Employment Became Washington’s Creed
As President-elect Joseph R. Biden, Jr. prepares to take office this week, his administration and the Federal Reserve are pointed toward a singular economic goal: Get the job market back […]
Fed Officials Debated Rate Liftoff in 2015, Offering Lessons for Today
The Federal Reserve lifted interest rates from near-zero in 2015 after years of holding them at rock bottom following the 2008 global financial crisis. Transcripts from their policy discussions, released […]
The Year the Fed Changed Forever
WASHINGTON — As Jerome H. Powell, the Federal Reserve chair, rang in 2020 in Florida, where he was celebrating his son’s wedding, his work life seemed to be entering a […]
Fed Leaves Rates Unchanged and Commits to Ongoing Bond Purchases
WASHINGTON — Federal Reserve officials pledged to help the economy through the painful pandemic era, making clear at their final meeting of the year that the central bank would continue […]
Janet Yellen Set to Lead Treasury Department Under Biden
WASHINGTON — Janet L. Yellen became an economist at a time when few women entered the profession and fewer still rose in a male-dominated environment. She is now poised to […]
Fed Holds Rates Steady and Signals Continued Wariness
WASHINGTON — The Federal Reserve chair, Jerome H. Powell, said on Thursday that the labor market’s recovery was only halfway complete and that more government support would likely be needed […]