How Is the Fed Thinking About Unemployment?
As he guides the financial system through the coronavirus pandemic, Jerome Powell, the chair of the Federal Reserve, has worked to keep cash flowing through...
Tag : Federal Reserve System
Yellen Readies Big Changes for Treasury
WASHINGTON — Two years ago, Janet L. Yellen co-signed a letter to Treasury Secretary Steven Mnuchin urging him not to move forward with plans to...
The Most Important Thing Biden Can Learn From the Trump Economy
Macro or micro? On March 18, 2019, a group of Mr. Trump’s economic advisers gathered in the Oval Office to show him the annual “Economic...
Lawmakers Resolve Fed Dispute as They Race to Close Stimulus Deal
Mr. Toomey and his Republican allies argued that his original proposal merely codified what Congress intended in March when it enacted the original $2.2 trillion...
Congress Grasps for Stimulus Deal as Fed Dispute Poses Final Hurdle
Referring to the March stimulus law, Mr. Bernanke added, “The relief act should ensure, at least, that the Federal Reserve’s emergency lending authorities, as they...
Congress Clears Two-Day Spending Extension to Finalize Stimulus Deal
Negotiators worked into Friday night to put the finishing touches on key details of the stimulus compromise, continuing negotiations on how long unemployment benefits should...
What Is 13-3? Why a Debate Over the Fed Is Holding Up Stimulus Talks
As markets melted down in March, the Federal Reserve unveiled novel programs meant to keep credit flowing to states, medium-sized businesses and big companies —...
Mnuchin Grilled Over Whether Relief Money Was Politicized
WASHINGTON — Treasury Secretary Steven Mnuchin was rebuked by a congressional oversight panel over his management of the economic relief effort on Thursday, with members...