Fed will continue to act ‘forcefully, proactively and aggressively,’ Powell says
The Federal Reserve will continue to use all the tools at its disposal until the U.S. economy begins to fully rebound from the harm caused...
Fed chief Powell sees road to recovery, warns on ‘false start’
The U.S. economy could be headed “fairly quickly” toward recovery if people stay home, government gets aid to businesses and households, and public health officials...
White House to announce economic coronavirus task force soon, senior administration official says
The White House is expected to announce soon formation of a second coronavirus task force, this one devoted to getting the U.S. economy back going...
Dollar drops after Fed launches new loan program
The dollar dropped broadly on Thursday after the Federal Reserve rolled out a $2.3 trillion effort to bolster local governments and small and mid-sized businesses...
U.S. Treasury’s Mnuchin says airline aid ‘next big thing’ to be rolled out
U.S. Treasury Secretary Steven Mnuchin said on Thursday that aid for airlines will be the “next big thing” to be rolled out after the Federal...
U.S. jobless claims exceed six million for second straight week
The number of Americans seeking unemployment benefits in the last three weeks has blown past 15 million, with weekly new claims topping 6 million for...
Fed rolls out $2.3 trillion to backstop “Main Street,” local governments
The U.S. Federal Reserve on Thursday rolled out a broad, $2.3 trillion effort to bolster local governments and small and mid-sized businesses in its latest...
Futures turn higher after Fed stimulus, jobless claims data
U.S. stock index futures turned higher on Thursday after data showed jobless claims fell last week and the Federal Reserve rolled out a broad $2.3...
Fed rolls out $2.3 trillion to backstop “Main Street,” local governments during crisis
The U.S. Federal Reserve on Thursday rolled out a broad, $2.3 trillion effort to bolster local governments and small and mid-sized businesses in its latest...
Bloomin’ Brands, Jana Partners agree to nominate two new directors
Bloomin’ Brands Inc and Jana Partners said on Thursday they have agreed to add two new independent directors to the Outback Steakhouse owner’s board, months...