Posted in coronavirus Economy Federal Reserve FOMC interest rates

Fed Leaves Rates Unchanged Near Zero, Says Path of Economy Depends on Virus

The Fed said it will continue bond purchases at least at the current rate, around $1 trillion a year.

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Posted in 2020 Election Economy Federal Reserve manifesto New York Times Politics racism reparations socialism Taxes unemployment

New York Times Publishes Radical Economic Manifesto Calling for Reparations

The New York Times devoted its entire “Sunday Review” section this weekend to an economic manifesto that lays out a radical left-wing vision for redesigning the…

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Posted in Bonds coronavirus Economy Federal Reserve Politics

The Fed Says It Will Start Buying Individual Corporate Bonds

The Fed’s intervention in financial markets has quickly gone beyond anything that happened in the financial crisis.

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Posted in Economy Federal Reserve Jerome Powell

Fed Officials Project 5% Growth in 2021, No Rate Hikes Through 2022

Fed officials project the economy will contract 6.5 pecent this year before returning to grow at the fastest pace since the 1980s next year.

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Posted in Economy Federal Reserve Joe Biden Main Street Lending Program Paycheck Protection Program Politics tax cuts

Fact Check: Biden Says, Without Evidence, That Tax Cuts Hurt Government’s Coronavirus Response

Biden also falsely claimed the vast majority of emergency loans were going to big businesses.

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Posted in coronavirus Covid-19 Economy Federal Reserve health Jerome Powell Politics Senate Banking Committee steven mnuchin u.s. treasury department unemployment

Treasury, Fed Chair: ‘Permanent Damage’ If Lockdowns Persist, Worst Downturn Since WWII

The economic downturn from the novel coronavirus pandemic is “without modern precedent” and “significantly worse than any recession” the U.S. has experienced since World War…

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Posted in Economy Federal Reserve Gallup poll Inflation Inflation Expectations interest rates Jerome Powell Politics unemployment

Americans Are Bullish on Stocks, Worried About Inflation

Far more Americans are worried that inflation will go higher than are worried about unemployment going higher over the next 6 months.

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Posted in Economy Federal Reserve health

Fed’s Powell: “We Should Do Everything We Can”

The Federal Reserve latest meeting concluded with a statement emphasizing the Fed’s commitment to use all of its tools to support the economy.

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Posted in BlackRock Business capital China conservatism environmentalism Federal Reserve investment Progressivism shareholders Woke Capital

Letter To Fed: Shareholders Should Drive Investing, Not Social Justice Warriors

Progressives have sought to impose their views on Americans through corporate America. Thanks to COVID-19, now conservatives are working to push politics out of boardrooms.

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Posted in Bowser Commerce Department Cuomo Economics Economy Federal Reserve Labor Department manufacturing New York Retail unemployment

Since Start Of Pandemic Panic, 22 Million Americans Have Filed For Unemployment

If the current trajectory continues, which it likely will, the official unemployment rate will land somewhere between 15 to 20 percent next month.

Continue Reading Since Start Of Pandemic Panic, 22 Million Americans Have Filed For Unemployment
Posted in coronavirus Economy Federal Reserve health Jerome Powell

Fed Unleashes $2.3 Trillion of Aid to U.S. Economy

The Fed said Thursday that it is activating a Main Street Business Lending Program authorized by the CARES Act, the largest economic relief package ever…

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Posted in Bonds Economy Federal Reserve Treasuries

Three-Month U.S. Treasury Yields Turn Negative

Demand for short-term Treasuries pushed yields on one and three-month bills negative Wednesday morning.

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Posted in coronavirus Economy Federal Reserve health James Bullard unemployment

Bullard Says Unemployment Could Rise to 30%

A Fed official warns that the U.S. could see unemployment rise to levels not seen since the Great Depression.

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Posted in China Chuck Schumer coronavirus Default Department of the Treasury Donald Trump Economics Economy FDIC Federal Deposit Insurance Company Federal Reserve Great Depression infrastructure Kevin McCarthy Marco Rubio Mitch McConnell Nancy Pelosi steven mnuchin Wuhan virus

The Economic Disaster Media And Washington Haven’t Begun To Notice

Just beyond — and in the midst of — the public health and financial liquidity crises is the expansive and potentially devastating solvency crisis.

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Posted in Chris Bedford debt Donald Trump Federal Reserve Finance House of Representatives Jerome Powell loans Loretta Mester National Debt Quantitative Easing The Federalist Wuhan virus

Federal Reserve Announces $700 Billion Asset Purchases, Cuts Interest Rates To Zero

The nation’s central bank stated in an emergency that it was ‘prepared to use its full range of tools’ to keep the economy afloat.

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