Janet Yellen, Biden’s nominee for Treasury secretary, urges Congress to ‘act big’ to avoid deep, prolonged pandemic-induced downturn.
Author: Martin Crutsinger, Associated Press
Yellen, Biden’s pick for Treasury secretary, urges Congress to ‘act big’ to avoid prolonged downturn
Janet Yellen, Biden’s nominee for Treasury secretary, urges Congress to ‘act big’ to avoid deep, prolonged pandemic-induced downturn.
Layoffs: Jobless claims fall but stay high at 787K as COVID-19 surges, states and cities impose business constraints
First-time jobless claims, a measure of layoffs, fell by 19,000 but stayed high last week. COVID-19 is surging and states are reinstating business constraints
Why the US economy may have already peaked for 2019
Economists project a “tepid” 2.3% gain this year, compared to last year’s 2.9% growth.
Federal Reserve Chairman Powell: ‘Moderate’ risk from corporate debt
Federal Reserve Chairman Jerome Powell said Monday that the central bank is closely monitoring a sharp rise in corporate debt.
Fed Chair Powell says Trump’s attacks played no role in rate pause
Despite President Trump’s criticism, Jerome Powell says the Fed will always “make decisions based on what we think is right for the American people.”