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The Federal Reserve last month issued an order for Reserve Banks to ration their coin inventories. The move came as the COVID-19 pandemic "significantly...
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Jerome Powell said the economy should recover once the coronavirus is under control. But the central bank chief cautioned that without more help, many small businesses may not survive that long.
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The economy contracted in the first quarter of 2020 as the coronavirus began to take its toll and spending dived. It's the first quarterly drop in six years and a likely precursor to a deep recession.
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The Federal Reserve cut its key interest rate to near zero — a dramatic move not seen since the depths of the 2008 financial crisis. The Bank of England and Bank of Japan made similar moves.
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The Federal Reserve cut interest rates by the largest amount since the 2008 financial crisis, but the emergency move failed to mollify investors worried about the coronavirus epidemic.
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The quarter-point cut signals growing concern at the Federal Reserve about a slowdown in the economy amid the trade war with China. The Fed last cut rates in 2008 and raised them as late as December.
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The Trump campaign adviser and conservative pundit who came under criticism from lawmakers and economists has withdrawn his name from consideration to serve on the Federal Reserve Board.
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The Federal Reserve last week decided to keep the interest rate steady, and investors breathed a sigh of relief after nine hikes over the past three…
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At a time when more women than men are graduating from college and earning doctorates, just a third of Ph.D.s in economics go to women. Now there's an effort to increase women economists at the Fed.
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The government isn’t shutting down anytime soon. The Senate passed a short-term spending bill yesterday to keep the government funded through February,…