Fed chief Powell says U.S. could face "prolonged" recession
U.S. central bank chief urges Congress to boost relief, saying that a deeper slump "can leave behind lasting damage."
Federal Reserve
Transcript: Atlanta Fed chief Raphael Bostic on "Face the Nation"
The following is a transcript of an interview with Federal Reserve Bank of Atlanta President and CEO Raphael Bostic that aired Sunday, May 3, 2020, on "Face the Nation."
Fed chief: Q2 will be "worse than anything we've ever seen"
U.S. central bank chief predicts an unprecedented drop in economy activity for the next few months.
Pelosi urges Democrats to push for aid to nonprofits, universities
"This is a significant blow in particular to entities that are also ineligible for the Paycheck Protection Program," Pelosi wrote in a "Dear Colleague" letter to Democrats.
Minneapolis Fed chief says Fed is being "as aggressive as possible"
Neel Kashkari, president of the Minneapolis Fed, said Congress may have to provide support to individuals and businesses until a vaccine is developed.
Transcript: Neel Kashkari on "Face the Nation"
The following is a transcript of an interview with Neel Kashkari, the president and CEO of the Federal Reserve Bank of Minneapolis, that aired Sunday, April 12, 2020, on "Face the Nation."
Stocks see best week in 45 years after latest Fed rescue
S&P 500 up 12.1% in shortened trading week. Optimistic? Or oblivious? "When does America open up for business again?"
Fed paves way for Wells Fargo to boost small business lending
Bank had cited a regulatory cap in bowing out of government's Paycheck Protection Program with just $10 billion in loans.
Transcript: James Bullard on "Face the Nation"
The following is a transcript of an interview with James Bullard, the president and CEO of the Federal Reserve Bank of St. Louis, that aired Sunday, April 5, 2020, on "Face the Nation."
Stocks slump despite Fed vow of unlimited help
The Dow declined 2.9% after the stimulus bill to aid workers and businesses stalled in the U.S. Senate.
Fed vows "unlimited" stimulus to fight coronavirus recession
U.S. central bank doing "whatever it takes" in lending efforts, especially in targeting small businesses and cities.
Fed launches emergency effort to support money-market funds
Policy makers want to ensure that companies whose revenue is sinking due to the coronavirus can quickly raise cash.
Stock markets reeling after Fed's emergency coronavirus cuts
U.S. central bank's surprise moves suggest a downturn "much deeper and more prolonged" than thought, experts fear.
Fed cuts interest rates to near zero to fight coronavirus impact
"The Fed has to bring the big guns," one analyst said of the central bank's efforts to rescue a slowing U.S. economy.
JPMorgan and other big banks seek coronavirus relief
Critics say banks are seeking to exploit the outbreak to weaken rules designed to ensure their financial stability.
Fed made biggest rate cut in a decade. That may not be enough for stocks
Experts question if lower interest rates are the right medicine for the disease that's sickening financial markets.
Fed slashes interest rates to protect economy from coronavirus
It's the biggest rate cut since the 2008 financial crisis — central bank says the virus poses "evolving risks."
Stocks jump as Wall Street looks to Fed to offset outbreak
The Dow jumped on Monday after central bankers vowed to provide support if the coronavirus outbreak hits the economy.
Fed chief: Economy resilient despite coronavirus risk
Jerome Powell says economic growth is holding up, bolstered by the lowest jobless rate in nearly 50 years.
Federal Reserve: Coronavirus could sicken global economy
Central bank warns of economic fallout from epidemic, but says U.S. remains on track for solid growth.
Fed signals no interest rate cuts in 2020
The majority of Fed's rate-setting body expects interest rates to hold steady next year as economy continues growing.
Paul Volcker, Fed chair who fought runaway inflation, has died
As Federal Reserve chairman, Paul Volcker raised interest rates to historic highs and triggered a recession as the price of quashing double-digit inflation.
Trump announces tariffs on metal imports from Brazil and Argentina
President Trump tweeted Monday that he will immediately reinstate tariffs on steel and aluminum imported from Brazil and Argentina.
Trump and Powell get together to talk interest rates
Jerome Powell visits White House for a chat with the president who has called U.S. central bankers "boneheads"
Powell hints to Congress: No more rate cuts this year
Central bank sees U.S. economy growing at solid pace, although slower growth overseas and trade tensions pose risks
live updates
Charlie Kirk shooting suspect in custody after manhunt, officials announce
Conservative activist Charlie Kirk died Wednesday after he was shot at an event at Utah Valley University. Officials say a suspect is now in custody.
Suspect arrested in Charlie Kirk killing confessed to father, officials say
A person has been arrested in connection with the shooting that killed conservative activist Charlie Kirk, sources said.
Poland rejects Trump's suggestion Russian drone raid a possible mistake
Responding to President Trump, Poland's leader said, "we would also wish that the drone attack on Poland was a mistake. But it wasn't."
ICE agent shoots, kills man in Chicago suburb; agent also injured
A U.S. Immigration and Customs Enforcement agent shot and killed a man in northwest suburban Franklin Park Friday morning, Department of Homeland Security officials said.
Secret Service puts agent on leave who wrote negative post about Charlie Kirk
A U.S. Secret Service agent who wrote a negative social media post about Charlie Kirk has been put on leave, U.S. officials said Friday.
Charlie Kirk shooting suspect is in custody. Here's what we know.
Conservative activist Charlie Kirk was shot and killed on Wednesday while speaking an event at Utah Valley University.
Tariff-fueled price hikes have arrived — and hitting these items first
The Trump administration's tariffs are slowly rippling through the economy and starting to push up prices for some products, government data shows.
Uber denies rides to passengers with disabilities, Justice Department says
The Justice Department filed a $125 million lawsuit against Uber, alleging the company discriminates against disabled passengers.
Supreme Court's upcoming term could be marked by disputes over Trump policies
Over 300 lawsuits challenging many of Trump's second-term plans have been winding through federal courts, and a handful may be poised for Supreme Court review.