Tag Archives: Federal Reserve

President of the Federal Reserve Bank of Richmond, Thomas Barkin, said that if the U.S. Congress failed to reach an agreement on a second economic stimulus package there could be a risk of a recession of historic proportions.

The President of the Federal Reserve Bank of San Francisco, Mary Daly, has warned that the COVID-19 pandemic could widen gender and racial inequalities, Reuters reported. “We need to make sure that we reach back and ensure that everyone makes it through the pandemic, not just those who are fortunate …

President of the Federal Reserve Bank of Dallas, Robert Kaplan, has ruled out adopting negative interest rates in the near future, expecting strong economic growth during the second half of 2020. However, the Dallas Fed president expects rates to stay low for the foreseeable future, until progress is achieved on …

President of the Federal Reserve Bank of Richmond, Thomas Barkin, has expressed his hopes that jobless claims will continue to decline. Recently, Reuters quoted Barkin as saying that the US economy faces the risk of a larger downturn than previously expected if congress does not provide the needed support through …

President of the Federal Reserve Bank of Dallas, Robert Kaplan, told CNN on Wednesday that the US economy needs the extension of unemployment benefits, Reuters reported. Kaplan expects gross domestic product (GDP) to grow by 20% in the third quarter (Q3), and contract by 50% in 2020. “The issue with …

The US Federal Reserve Vice Chairman, Richard Clarida, said in an interview on Wednesday that the United States economy could recover to its levels prior to the COVID-19 crisis by the end of next year, Reuters reported. “It will take some time, I believe, before we get back to the …

The Chairman of the US Federal Reserve, Jerome Powell, said on Wednesday that the rise in COVID-19 cases across many states and preventive measures to contain the virus outbreak are affecting the economic recovery. “We have seen some signs in recent weeks that the increase in virus cases and the …

The United States Federal Reserve announced on Wednesday that the Federal Open Market Committee (FOMC) has decided to maintain interest rates at a range between 0% and 0.25%.

The US Federal Reserve has extended its lending facilities due on September 30 for three months to the end of 2020. The move comes as an effort to ease pressures on business amid the COVID-19 crisis. The three-month extension will facilitate planning by potential facility participants and provide certainty that …

The Federal Reserve Bank of Dallas manufacturing general business activity index improved in July to -3 from -6.1 in June. The company outlook index registered a second consecutive positive reading, increasing three points to 5.9. Meanwhile, the index measuring uncertainty regarding companies’ outlooks surged from 9.1 to 20.9. The Texas …