WASHINGTON — As top Democrats continued to push a $1.9 trillion economic aid package through the House, some lawmakers and aides to President Biden raised the prospect of borrowing even […]
Powell, Jerome H
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Back to news homeFed 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 Closes Out Wild Year as All Eyes Focus on Bond-Buying Program
The Fed is also low on new tricks, but not entirely out of them. Officials could, as early as this week’s meeting, change the way they are buying bonds in […]
Mnuchin Cites Principles in Clawing Back Fed Money. Democrats See Politics.
WASHINGTON — Treasury Secretary Steven Mnuchin broke sharply with the Federal Reserve this week, choosing to end a variety of programs aimed at helping markets, businesses and municipalities weather the […]
Economic Risks Are High as Chances for Quick Stimulus Narrow
WASHINGTON — Two of the world’s most powerful central bankers said on Thursday that economic risks from the coronavirus remain high, and they cautioned against putting too much faith in […]
Why the Biden Economy Could Be the Same Long Slog as the Obama Economy
ImagePresident Obama meeting with congressional leaders and Vice President Joe Biden in the White House in January 2015.Credit…Stephen Crowley/The New York Times The way things are shaping up, the Biden […]
In Building Economic Team, Biden Faces Tug From Left and Center
WASHINGTON — If he wins the presidency, Joseph R. Biden Jr. will inherit an economy struggling to recover from its steepest plunge in decades. His economic team will need to […]