Some analogies can help in assessing the risks: a yo-yo, hungry bears, a sloshing bathtub and a reflating balloon.
The president-elect’s proposed economic rescue package is larger and more targeted to the country’s needs than the stimulus plan he helped steer into law as vice president in 2009
Minutes from the central bank’s December gathering show that the chair, Jerome H. Powell, and his colleagues were hoping for a 2021 rebound.
Minutes from the central bank’s December gathering show that Jerome H. Powell, the Federal Reserve chair, and his colleagues were hoping for a 2021 rebound.
Jerome H. Powell’s central bank slashed rates, bought bonds in huge sums and rolled out never-before-tried loan programs that shifted its identity. The backlash is already beginning.
The central bank said it expected the economic impact of the pandemic to last well into 2022, prompting an expansion of relief programs.