Expects the Federal Reserve to maintain economic stability. On Tuesday, Secretary of the Treasury Janet Yellen indicated that national interest rates might have to increase due to the…
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Federal Reserve Releases Statement on Interest Rates
Decision by FOMC to keep rates low during economic recovery On Wednesday, the Federal Reserve issued a statement from the Federal Open Market Committee (FOMC) regarding interest rates.…
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Fed Chairman Gives Congress Economic Forecast
Describes the current state of affairs as “much improved.” On Tuesday, Federal Reserve Chairman Jerome Powell sat before Congress to give an up-to-date forecast of the nation’s economy.…
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Congress Calls for Racial Equity in Lending
Letter to Federal Reserve and Treasury Department calls for racial considerations in emergency lending. Late last week, Representative Ayanna Pressley and Congressional Oversight Commissioner Bharat Ramamurti called on…
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Federal Reserve Announces Policy Changes
Prepared to accommodate a higher level of inflation. Federal Reserve Chairman Jerome Powell announced last week that inflation rates will now be allowed to exceed its previously held…
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Federal Reserve Aims to Keep Interest Rates Low Into 2022
The semi-annual policy report predicts slow recovery. The Federal Reserve released its semi-annual report to Congress this past Friday. Chairman Jerome Powell is scheduled to present the report…
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Federal Reserve Proposes New Aid Plan
Additional $2.3 trillion injected into U.S. Economy. The Federal Reserve announced new plans on Thursday to curtail the economic impact of the global COVID-19 pandemic. New measures will…
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