Stock market sentiment and valuations are high, and with bonds expensive, too, there may be few safe places to turn.
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.
Central bank officials left rates near-zero at their December meeting, and tied bond buying to their employment and price goals.
One long-lasting result of the pandemic may be innovations that make home buying faster.