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November 29, 2020

Federal Reserve Bank

Mnuchin’s Fed move is like stripping Titanic of its lifeboats, economist says

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CNBC – For more and to sign up click here US Treasury Secretary Steve Mnuchin walks out of Senate Majority Leader Mitch McConnell’s office at the US Capitol in Washington, DC, on September 30, 2020. Nicholas Kamm | AFP | Getty Images U.S. Treasury Secretary Steven Mnuchin’s decision to allow......

Third Republican comes out against Shelton for Fed seat, complicating nomination

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CNBC – For more and to sign up click here Efforts to get Judy Shelton confirmed to the Federal Reserve just got a little tougher as one prominent Republican announced his opposition Monday. Sen. Lamar Alexander (R-Tenn.) said in a statement that he will oppose President Donald Trump’s nomination of......

The Fed is set to take on a new challenge: climate change

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CNBC – For more and to sign up click here Extinction Rebellion environmental activists protest around Bank Junction in the financial district on the 7th day of their ‘October Rising’ campaign on October 14, 2019 in London, England. Ollie Millington | Getty Images The Federal Reserve is going green, and......

Fed’s Rosengren says next 6 months will be ‘pretty choppy’ despite vaccine news

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CNBC – For more and to sign up click here A United States Postal Service (USPS) worker works in the rain in Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York, April 13, 2020. Andrew Kelly | Reuters LONDON — The next six months will remain turbulent......

Fed holds interest rates steady near zero, says economy is still well below pre-pandemic levels

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CNBC – For more and to sign up click here The Federal Reserve held short-term borrowing rates near zero in a decision Thursday that characterized the economy as growing but not near where it was before the coronavirus pandemic hit. As markets widely expected, the Fed kept its benchmark interest......

Fed wants low profile but may repeat that the economy needs stimulus

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CNBC – For more and to sign up click here U.S. Federal Reserve Chairman Jerome Powell speaks to reporters after the Federal Reserve cut interest rates in an emergency move designed to shield the world’s largest economy from the impact of the coronavirus, during a news conference in Washington, U.S.,......

The Fed could face more pressure to act: ‘They don’t have the luxury of time anymore’

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CNBC – For more and to sign up click here Joggers pass the Marriner S. Eccles Federal Reserve building in Washington, D.C., on Tuesday, Aug. 18, 2020. Erin Scott | Bloomberg | Getty Images With inflation still elusive and a host of questions surrounding an economy that just set a......

Bostic says the Fed needs to do more to address racial economic impact from the pandemic

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CNBC – For more and to sign up click here Raphael Bostic, President and CEO of the Federal Reserve Bank of Atlanta. Cameron Costa | CNBC The Federal Reserve has a substantial role to play in addressing the racial economic disparities brought about by the coronavirus pandemic, Raphael Bostic, president......

Watch Fed Chair Jerome Powell speak live to the International Monetary Fund

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CNBC – For more and to sign up click here [The stream is slated to start at 8 a.m.ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell speaks Monday morning to the International Monetary Fund. Powell’s remarks are......

Fed’s Quarles sees need for more reforms to short-term funding markets

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CNBC – For more and to sign up click here Randal Quarles Hailey Lee | CNBC Short-term funding markets seized up during the early days of the coronavirus pandemic, demonstrating that more reform is needed, the Federal Reserve’s chief banking overseer said Thursday. Commercial paper and prime money funds, which......

Fed officials worried that lack of help from Congress will threaten recovery, minutes show

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CNBC – For more and to sign up click here Federal Reserve officials worried that a lack of further fiscal stimulus would jeopardize an economy recovery that was moving faster than expected, according to minutes released Wednesday from the central bank’s September meeting. The Federal Open Market Committee on Wednesday......

Fed’s Kashkari warns that delaying stimulus will have ‘enormous consequences’

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CNBC – For more and to sign up click here Minneapolis Federal Reserve President Neel Kashkari became the latest central banker to warn against not getting more stimulus to the U.S. economy, saying that the cost of doing nothing could be major. As the impasse in Washington intensifies, Kashkari told......

As long-term Treasury yields rise, investor Peter Boockvar warns inflation would spark the ‘market’s worst nightmare’

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CNBC – For more and to sign up click here Inflation may spark ‘market’s worst nightmare,’ Peter Boockvar warns SEARCH QUOTES Source – Click here for more To Return to the Main Aggregate News Page – click here...

Fed Chair Powell calls for more help from Congress, says there’s a low risk of ‘overdoing it’

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CNBC – For more and to sign up click here Federal Reserve Chairman Jerome Powell called Tuesday for continued aggressive fiscal and monetary stimulus for an economic recovery that he said still has “a long way to go.” Noting progress made in job creation, goods consumption and business formation, among......

Christine Lagarde hints at a major tweak for the ECB’s inflation target

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CNBC – For more and to sign up click here President of the European Central Bank Christine Lagarde at a press conference. Pool | Getty Images News | Getty Images The European Central Bank could be about to tweak its main policy objective as it combats the economic fallout from......

House Democrats push to renew efforts for second round of $1,200 stimulus checks

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Powell pledges the Fed’s economic aid ‘for as long as it takes’

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CNBC – For more and to sign up click here Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a House Financial Services Committee hearing in Washington, D.C., on Tuesday, Feb. 11, 2020. Andrew Harrer | Bloomberg | Getty Images Federal Reserve Chairman Jerome Powell pledged continued support for......

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