Tag: interest rates
Mnuchin Urges Swift Aid Bill; Ex-Fed Chairs Want Bigger Deal
(Associated Press) Treasury Secretary Steven Mnuchin urged Congress Friday to quickly enact a new pandemic relief package targeting hardest-hit swaths of the economy, as...
Stocks Fall Sharply as Investors Turn Jittery
(Associated Press) Stocks and bond yields are down sharply on Wall Street as optimism that the reopening of businesses would drive a relatively quick...
Inside Tricks to Pay Less Interest on Debt
(Associated Press) Maybe you've been working through credit card debt for a while now. Or maybe you racked it up recently as you prepared...
Powell: Fed to Soon Begin ‘Main Street Lending’
(Associated Press) Federal Reserve Chair Jerome Powell acknowledged Friday that the Fed faces a major challenge with the launch in the coming days of...
Powell: Recovery Will Likely Be Slow, Negative Rates NOT Good Policy
(Associated Press) Federal Reserve Chair Jerome Powell expressed optimism Sunday that the U.S. economy can begin to recover from a devastating recession in ...
Crisis Exposes Devastating Result of Ongoing Fed Policy: Americans Have No...
(Jp Cortez, Money Metals News Service) Two weeks ago, during a March 17 address to the nation in response to the COVID-19 outbreak, President...
Fed Launches New Intervention to Prevent Central Banks from Selling U.S....
(Associated Press) The Federal Reserve is intervening once again to try to smooth out the world's lending markets, this time by lending dollars to...
Short-Term Yields Go NEGATIVE in Scramble for Cash
(Wall Street Journal) Yields on the safest, short-term Treasurys settled into negative territory for the first time in more than four years, as investors...
Banks Try to Save Struggling Borrowers
(Associated Press) Tarred as villains during the 2008 financial meltdown, banks of all sizes are trying to help out Americans reeling from the economic...
Central Banks Deploy TRILLIONS to Keep Global Economy Running
(Associated Press) It was less than 11 weeks ago that the first cases of pneumonia were detected in Wuhan, China. The speed at which...
