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April 7, 2020
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Jerome Powell

CNBC Business

The Fed’s balance sheet just passed $5 trillion for the first time ever

CNBC
CNBC – For more and to sign up click here Though its efforts to keep markets running and boost the economy are just getting into gear, the Federal Reserve’s asset portfolio has reached levels never seen before. The central bank’s balance sheet, which consists largely of bonds and other assets......
CNBC Business

Dow up 900, jobless claims top 3 million, stimulus bill to House

CNBC
CNBC – For more and to sign up click here This is a live blog. Please check back for updates. Stocks attempted their third days of gains on Thursday, with investors looking past the release of record-breaking initial jobless claims while the Senate passed a massive economic stimulus bill amid the......
CNBC Business

Ben Bernanke sees ‘very sharp’ recession, followed by ‘fairly quick’ rebound

CNBC
CNBC – For more and to sign up click here Former Federal Reserve Chairman Ben Bernanke sounded an optimistic tone on the longer-term state of the economy, predicting in a CNBC interview that while the U.S. is in the midst of a sharp recession, it shouldn’t last. “It is possible......
New York Post

Fed details effort to stabilize economy amid coronavirus crisis

NYPost
New York Post – For more and to sign up click here The Federal Reserve announced a number of steps on Monday meant to shore up the US economy during the coronavirus crisis. The central bank said its Federal Open Market Committee will buy Treasury securities and mortgage-backed securities in......
CBS US News

Fed slashes interest rates to near zero to prop up economy during coronavirus pandemic

CBS News
CBS News – For more and to sign up click here The Federal Reserve took emergency action Sunday and slashed its benchmark interest rate by a full percentage point to nearly zero and announced it would purchase more Treasury securities to encourage lending to try to offset the impact of......
CNBC Business

The Federal Reserve has taken massive steps to help markets. Here’s what’s left in its arsenal

CNBC
CNBC – For more and to sign up click here 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, March 3,......
CNBC Business

After a half-point rate cut, the market wants the Fed to do a lot more

CNBC
CNBC – For more and to sign up click here Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., March 2, 2020. Brendan McDermid | Reuters The Federal Reserve’s extraordinary rate cut Tuesday is likely only the first of multiple efforts to stem......
CNBC Business

Cramer is ‘more nervous’ about coronavirus risks after Fed rate cut

CNBC
CNBC – For more and to sign up click here CNBC’s Jim Cramer said the Federal Reserve‘s emergency interest rate cut on Tuesday morning makes him more concerned about the economic risks from the coronavirus. “It’s great that the Federal Reserve recognizes that there’s going to be weakness, but it......
CNBC Business

G-7 coronavirus statement

CNBC
CNBC – For more and to sign up click here Officials of most of the world’s largest economies pledged a united front in the battle against the novel coronavirus scare but offered no specific actions they would take in a statement issued Tuesday morning. “Given the potential impacts of COVID-19......
CNBC Business

Trump asks Fed for ‘big cut’ after Australia slashes rates

CNBC
CNBC – For more and to sign up click here President Donald Trump speaks during a news conference on the coronavirus outbreak at the White House in Washington, February 29, 2020. Joshua Roberts | Reuters President Donald Trump once again called on the Federal Reserve to deliver some major policy easing measures, after......
CNBC Business

Goldman sees Fed cuts soon as part of global coronavirus effort

CNBC
CNBC – For more and to sign up click here Federal Reserve Chair Jerome Powell holds a news conference following the Federal Open Market Committee meeting in Washington, December 11, 2019. Joshua Roberts | Reuters The Federal Reserve is likely to join other global central banks in cutting interest rates......

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