Federal Reserve

With the economy still struggling to recover from the pandemic recession, Federal Reserve policymakers signaled Wednesday that their benchmark short-term interest rate will likely remain at zero at least through 2023 and probably even longer

Federal Reserve officials are grappling this week with the timing and scope of their next policy moves at a time when the raging viral pandemic has weakened the U.S. economy

The Senate Banking Committee approved President Donald Trump’s choice of Judy Shelton for the Federal Reserve board of governors on a party-line vote, overcoming widespread questions about her qualifications for the Fed

Confronted with an economy gripped by recession and high unemployment, the Federal Reserve signaled Wednesday that it expects to keep its key short-term interest rate near zero through 2022

With more than 26 million people out of work and a growing number of Americans feeling severely cash-strapped, historically low borrowing rates means that loans are cheaper — if you can get them.

Millions of Americans already have lost their jobs due to the coronavirus crisis and the worst of the damage is yet to come, according to a Federal Reserve estimate. Economists at the Fed’s St. Louis district project total employment reductions of 47 million, which would translate to a 32.1% unemployment rate, according to a recent analysis of how bad things…

The head of the International Monetary Fund said Friday it is clear that the global economy has now entered a recession that could be as bad or worse than the 2009 downturn. IMF Managing Director Kristalina Georgieva said the 189-nation lending agency was forecasting a recovery in 2021, saying it could be a “sizable rebound.” But she said this would…

The Federal Reserve is blasting markets with a bigger and bolder stimulus package, but the response in credit markets has been tepid as stocks continue to sell off.

The Federal Reserve has established currency swaps with nine central banks overseas to support dollar lending in global markets that are under pressure from the impact of the virus outbreak

The Federal Reserve slashed its interest rates on Sunday and pledged to buy at least $700 billion in bonds. But what does that mean? The Associated Press breaks it down.

In an emergency move, the Federal Reserve cut its benchmark rate by half a percent, the biggest cut since 2008. That rate cut could mean lower rates for millions of new homeowners and those looking to refinance their homes. The Fed lowered the rate because of concerns over the coronavirus and its possible impacts on the economy.

The Federal Reserve kept its key interest rate unchanged at a low level Wednesday amid an economy that looks solid but faces potential global threats, including from China’s viral outbreak. The Fed sketched a mostly bright picture of the U.S. economy in a statement it released after its latest policy meeting. Yet it also cautioned that it would monitor...

The Federal Reserve’s decision Wednesday to keep interest rates steady put the cap on a tumultuous year for consumers. After raising the federal funds rate nine times in three years, with the last hike just one year ago as financial markets were melting down, concerns about a slowing economy and a looming U.S.-China trade war then caused the U.S. central...

Paul Volcker, who as chairman of the Federal Reserve under Presidents Jimmy Carter and Ronald Reagan helped tame inflation with 22% interest rates that also crunched American manufacturing, farming, and real estate but led the way to two decades of expansion, has died. He was 92. He died on Sunday, according to The New York Times and The Washington Post.

Charley Moore joins our panel to discuss Facebook’s push into finance.

One person was killed and three others injured when a gunman opened fire on Chabad of Poway. NBC 7 has team coverage.

Federal Reserve Chairman Jerome Powell’s assertion this week that the U.S. economy remains strong is facing a stern test from the bond market, which showed a classic recession sign Friday morning. Short-term government fixed income yields are now ahead of the longer part of the curve, delivering a strong recession indication that hasn’t happened since 2007.

Though this year’s flu season is substantially better than last year’s, it doesn’t mean San Diegans are out of the woods yet. NBC 7’s Joe Little has more on the changes between the years.

Former presidential candidate and Godfather’s Pizza CEO Herman Cain is under consideration for a Federal Reserve governorship, CNBC has confirmed. Cain, 73, is a former chairman of the Kansas City Fed, having served at the bank from 1989-96 before leaving to pursue political activities full time. Cain met with President Donald Trump on Wednesday at the White House, where he...

A rising stock market lifted U.S. household wealth to a record $106.9 trillion in the April-June quarter, the culmination of a decade of economic recovery but a gain that is concentrated largely among the most affluent. The value of Americans’ stock and mutual fund portfolios rose $800 billion, while home values increased $600 billion, the Federal Reserve said Thursday. Total...