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Dec 24, 2020 05:28 PM IST We crossed a lot of red lines that had not been crossed before, Powell said at an event in May
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Dec 17, 2020 08:42 AM IST Although news flow about vaccine approval and distribution is positive, the continuing pandemic and the fragility in the economy make the next 4-6 months quite crucial
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Nov 10, 2020 03:00 PM IST The dispute has the potential to roil financial markets, which have calmed significantly since the Fed announced in March and April that it would set up backstops
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Nov 06, 2020 04:48 PM IST The US has so far recorded 9,606,645 coronavirus cases and 1,232,516 deaths due to the disease — both the figures highest in the world.
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Nov 06, 2020 12:45 PM IST At this critical point, the Federal Reserve has a crucial role to play to meet liquidity needs
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Oct 08, 2020 03:06 PM IST American households and businesses have gone two months without the enhanced unemployment benefits, low-interest loans and other programmes that helped prop up the economy in the spring
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Oct 07, 2020 03:02 PM IST While the unemployment rate in the US has fallen more rapidly than many economists expected, millions of Americans remain unemployed as the coronavirus pandemic keeps many industries operating below capacity
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Oct 06, 2020 10:07 PM IST The domestic rebound could still slip into a downward spiral if the coronavirus is not effectively controlled and growth sustained, Powell said, in a call for more help to businesses and households.
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Sep 26, 2020 11:45 AM IST Federal Reserve Chair Jerome Powell has said repeatedly, including several times this week alone, that the strength of the country's economic recovery depends on keeping the novel coronavirus under control -- critical to instilling confidence in Americans that it is safe to resume normal activity.
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Sep 16, 2020 11:43 PM IST The Fed's benchmark interest rate influences borrowing costs for homebuyers, credit card users, and businesses.
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Sep 02, 2020 10:35 AM IST Although the recent policy statement by Powell seems like a small victory for labour, MMTers have warned that the Fed is likely to revert to its old ways after the economic crisis unleashed by the pandemic abates
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Aug 28, 2020 03:50 PM IST The central bank is facing major long run challenges as price gains prove tepid and as interest rates have slipped lower across advanced economies including the United States
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Aug 27, 2020 03:02 PM IST It is unclear whether the adjustments Powell and his colleagues make will be enough to deal with the headwinds of the modern economy
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Aug 27, 2020 09:15 AM IST Powell is set to speak at a virtual Jackson Hole symposium on Thursday, where he is expected to provide more insight on the U.S. central bank's strategy on inflation and monetary policy.
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Aug 25, 2020 09:45 AM IST Spot gold was up 0.2% to $1,935.88 per ounce by 0335 GMT. U.S. gold futures gained 0.1% at $1,941.60.
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Jun 30, 2020 07:45 AM IST "A full recovery is unlikely until people are confident that it is safe to re-engage in a broad range of activities," Powell says in testimony he is scheduled to deliver on Tuesday in an appearance with Treasury Secretary Steven Mnuchin before the House Financial Services Committee.
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Jun 17, 2020 10:29 PM IST The recession is hurting Americans unequally, taking the deepest toll on African Americans and other minorities, Powell said in prepared remarks for his testimony before the US House of Representatives Financial Services Committee.
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Jun 17, 2020 09:38 PM IST Encouraging economic data and trillions of dollars in monetary and fiscal stimulus have propelled a rally in the Wall Street indexes from their late-March trough.
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Jun 16, 2020 09:14 PM IST Powell is delivering the first of two days of semi-annual congressional testimony, on Tuesday to the Senate Banking Committee before addressing the House Financial Services Committee on Wednesday.
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Jun 12, 2020 10:50 PM IST In its twice-annual Monetary Policy Report to US lawmakers, the Fed also reinforced expectations for a sharp decline in economic activity in the current quarter.
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Jun 10, 2020 11:43 PM IST The Fed has cut its benchmark short-term rate to near zero. Keeping its rate ultra-low for more than two more years could make it easier for consumers and businesses to borrow and spend enough to sustain an economy depressed by business shutdowns and high unemployment.
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May 30, 2020 12:25 PM IST The Fed has gone all out to steady financial markets since March, lowering borrowing costs and creating credit backstops for companies and local governments reeling from the economic fallout of lockdowns to stop the spread of the novel coronavirus.
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May 22, 2020 06:26 PM IST It’s impossible to guess what the trajectory for the economy will look like, a series of central bankers warned. That makes nimbleness key
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May 19, 2020 09:50 PM IST Powell and Mnuchin were testifying to the Senate Banking Committee as Congress considers whether to roll out trillions of dollars of additional aid to bolster an economy that was brought to a virtual standstill by lockdowns imposed in March and April.
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May 18, 2020 07:39 PM IST "If we are thoughtful and careful about how we reopen the economy so that people take these social distancing measures forward and try to do what we can not to have another outbreak...then the recovery can begin fairly soon," Powell said.