Fed’s Bullard Says The Recession Is Over But Rates Will ‘Stay Low for A Long Time’
KEY POINTS St. Louis Fed President James Bullard said on “Closing Bell” that he expected the third quarter to be “one of the best quarters...
Economy
Fed’s Mester Says Recovery Will Be ‘a Slow One’ And More Economic Support Is Needed
KEY POINTS “There’s more pain out there that we’re going to have to support the economy through,” Loretta Mester, president of the Cleveland Fed. “I...
Next up For The Federal Reserve: Convincing The Markets It Can Do What It Says It Will Do
KEY POINTS In a historic shift, Chairman Jerome Powell announced that the Fed will allow inflation to run modestly higher for periods of time. Markets...
A ‘Double Dip’ in The U.S. Economy is ‘Still Possible,’ Says Former Fed Official
KEY POINTS There’s still a possibility that the U.S. economy will experience a “double dip” if the coronavirus outbreak is not managed well, said Dennis Lockhart, former...
Postponing An Election is Incredibly Hard, However Here’s What Experts State Might Happen to The Economy if The 2020 Election Were Held off
KEY POINTS The chances of a delayed election is slim; the House and Senate must agree to postpone the election. Political chaos caused by a...
Powell Announces New Fed Approach to Inflation That Could Keep Rates Lower for Longer
KEY POINTS Fed Chairman Jerome Powell announced a major policy shift Thursday to “average inflation targeting.” That means the central bank will be more inclined...
Fed’s Esther George Sees Risks Building of Double-Dip Recession
KEY POINTS Kansas City Fed President Esther George said she has concerns about a double-dip recession should the coronavirus see a resurgence. However, she said...