Rappler's latest stories on US Federal Reserve
'We have entered an important new phase and have done so sooner than expected,' says US Federal Reserve Chair Jerome Powell, but he adds the economy cannot fully recover unless COVID-19 is kept in check
The decision is the first such move since the global financial crisis 12 years ago, and limits how banks in the United States can spend their capital amid the coronavirus pandemic
Unless consumers feel confident COVID-19 has been defeated, 'a full recovery is unlikely,' warns United States Federal Reserve Chair Jerome Powell
The Main Street Lending Program aims to support businesses in the United States that are too big to benefit from the Paycheck Protection Program
Both the Dow and S&P 500 finish lower following a volatile session, while the Nasdaq surges to its 3rd straight record on Wednesday, June 10
The United States Federal Reserve confirms it will keep the benchmark interest rate at zero until economic recovery is underway
While the United States posted a surprising decline in its overall unemployment rate in May 2020, for black workers it actually ticked up a notch
The United States' Main Street Lending Program is available to businesses with up to 15,000 employees, or as much as $5 billion in annual revenue
United States consumer spending plunges by a record 13.6% in April 2020
American firms now worry that generous unemployment benefits make it difficult to retain workers or to bring them back to their posts once they are able to reopen
United States Federal Reserve officials worry that 'even after social distancing requirements were eased, some business models may no longer be economically viable'
United States Federal Reserve Chair Jerome Powell says the US economy could 'easily' collapse by 20% to 30% in the 2nd quarter of 2020, but 'it should be a much shorter downturn' than in the 1930s
'Additional fiscal support could be costly, but worth it if it helps avoid long-term economic damage and leaves us with a stronger recovery,' says United States Federal Reserve Chairman Jerome Powell
The United States Federal Reserve seeks to help companies too big for the Paycheck Protection Program but too small to have routine access to capital markets to generate financing
The coronavirus pandemic causes contractions in United States retail sales and manufacturing not seen in decades
The United States Federal Reserve announces more programs to help businesses, households, and state governments facing a cash crunch
United States President Donald Trump says tens of thousands of small businesses have applied for more than $40 billion in relief
United States Treasury Secretary Steven Mnuchin says the Federal Reserve's measures would provide $4 trillion in needed liquidity into the US economy
The United States Federal Reserve makes its second emergency rate cut in less than two weeks and announces other drastic measures to counter the economic impact of the coronavirus
Analysts say the question is not whether the United States Federal Reserve will cut rates again – but how low they will go
United States President Donald Trump says central bank chief Jerome Powell had 'made a lot of bad decisions'
Economists warn the United States central bank's actions will not be sufficient without government firepower in the form of aggressive spending
Currency coming from Asia into the United States will be held for at least '7 to 10 days before the deposits are processed'
The large, highly unusual cut ahead of the next policy meeting reflects concerns that the novel coronavirus will hurt the US and global economies
The United States Federal Reserve says it's prepared to cushion the economic impact of the novel coronavirus. Will it actually be able to help?
US Federal Reserve Chairman Jerome Powell says 'the fundamentals of the US economy remain strong,' but acknowledges that the novel coronavirus 'poses evolving risks to economic activity'
United States Federal Reserve officials note the 'phase one' trade deal with China 'would still leave a large portion of the tariffs in place'
The United States Federal Reserve says 'there will clearly be implications' for Chinese output, but it is still 'very uncertain' how far it will spread
In a career spanning the immediate post-War decades to the 2008 financial crisis, former US Federal Reserve chairman Paul Volcker advised US leaders from Richard Nixon to Barack Obama
'We took this step to help keep the US economy strong in the face of global developments,' says United States Federal Reserve Chairman Jerome Powell
The United States Federal Reserve lowers the benchmark interest rate by 25 basis points to a target range of 1.75% to 2%, but its policy committee is divided
The United States Federal Reserve cites trade concerns, but says majority of businesses remain optimistic about the near-term outlook
'I don't want France going out and taxing our companies.... And if they do that, we'll be taxing their wine,' says US President Donald Trump ahead of the G7 summit in France
US President Donald Trump wastes no time in attacking on Twitter, saying the US Federal Reserve's move falls far short of the 'aggressive rate-cutting cycle' he wants
United States President Donald Trump will certainly cheer a rate cut, but economists are torn
The United States Federal Reserve suffers a number of awkward stumbles in communications, while facing repeated attacks from US President Donald Trump
In another Twitter outburst, Trump calls on the US Federal Reserve to 'Correct!' its overreach
The US Federal Reserve says trade friction and slowing growth worldwide have led many central bankers to feel the case for an interest rate cut has 'strengthened'
The United States Federal Reserve votes unanimously to keep the benchmark interest rate in a range of 2.25% to 2.5%
The United States Federal Reserve's surprising change of direction follows the 4 rate increases in 2018
Economists also expect the United States Federal Reserve to once again lower the number of rate hikes projected in 2019
'This agreement demonstrates that the New York Fed and Bangladesh Bank are aligned in the pursuit of recovering the funds and directing litigation against those who were complicit in or benefitted from the fraud,' says the US Federal Reserve Bank and Bangladesh's central bank
US President Donald Trump says he is 'not happy' about the move of the central bank
Investors will be looking for signs of how concerned US officials appear to be about rising wages and inflation
The Bangko Sentral ng Pilipinas attributes the net outflows to investor concerns over the possibility of a US Federal Reserve rate hike
Jerome Powell takes over at a remarkably quiet time following a decade of economic turmoil that forced the central bank into uncharted policy waters to try to recover from the global financial crisis
Janet Yellen also did not express much concern about digital currency bitcoin which has seen a meteoric rise in recent weeks
In her resignation letter to Donald Trump, Yellen said she is pleased by the US economy's continuing recovery from the Great Recession of 2008-2009
President Donald Trump has decided not to reappoint current Fed Chair Janet Yellen, the first woman to oversee monetary policy, despite praising her excellent management of the US economy over the past 4 years
(UPDATED) Jerome Powell, a Federal Reserve Governor, is Donald Trump's pick to replace Janet Yellen at the helm of the US central bank