US Federal Reserve - updates

Rappler's latest stories on US Federal Reserve

ARTICLE FINDER

U.S. outlook highly uncertain, businesses 'pessimistic' – Fed

May 28, 2020 - 8:00 AM

American firms now worry that generous unemployment benefits make it difficult to retain workers or to bring them back to their posts once they are able to reopen

CENTRAL BANK. In this file photo taken on April 2, 2020, the Federal Reserve and United States flags wave above the Federal Reserve building in Washington, DC. Photo by Olivier Douliery/AFP

Some business models won't survive post-pandemic – U.S. Fed

May 21, 2020 - 8:00 AM

United States Federal Reserve officials worry that 'even after social distancing requirements were eased, some business models may no longer be economically viable'

NO WORKERS. Streets in the financial district in Boston, Massachusetts, appear almost empty on March 12, 2020. Photo by Joseph Prezioso/AFP

U.S. facing severe crisis, but not a depression – Fed's Powell

May 18, 2020 - 11:30 AM

United States Federal Reserve Chair Jerome Powell says the US economy could 'easily' collapse by 20% to 30% in the 2nd quarter of 2020, but 'it should be a much shorter downturn' than in the 1930s

CENTRAL BANK. In this file photo taken on April 2, 2020, the Federal Reserve and United States flags wave above the Federal Reserve building in Washington, DC. Photo by Olivier Douliery/AFP

Virus emergency spending costly but worth it – U.S. Fed's Powell

May 13, 2020 - 11:15 PM

'Additional fiscal support could be costly, but worth it if it helps avoid long-term economic damage and leaves us with a stronger recovery,' says United States Federal Reserve Chairman Jerome Powell

RATE CUT ANEW. In this file photo, United States Federal Reserve Chairman Jerome Powell speaks during a press conference in Washington, DC, on July 31, 2019. File photo by Andrew Caballero-Reynolds/AFP

U.S. Fed expanding Main Street loan program to aid more firms

May 01, 2020 - 7:15 AM

The United States Federal Reserve seeks to help companies too big for the Paycheck Protection Program but too small to have routine access to capital markets to generate financing

(FILES) In this file photo taken on April 2, 2020, the Federal Reserve and US flags wave above the Federal Reserve building in Washington, DC. - The US Federal Reserve said on April 30, 2020, it is expanding its business loan program to reach more firms as companies struggle to weather the impact of the coronavirus shutdowns. The Main Street Lending Program, which the Fed announced but has not yet launched, was designed to reach small and medium-sized businesses that are too big to benefit from the Paycheck Protection Program run by the Treasury Department. (Photo by Olivier DOULIERY / AFP)

U.S. Fed warns of worsening economy as virus savages retail, factories

Apr 16, 2020 - 7:00 AM

The coronavirus pandemic causes contractions in United States retail sales and manufacturing not seen in decades

A homeless man walks past closed stores in the Fashion District in Downtown Los Angeles, California on April 2, 2020. - The United States recorded 1,169 COVID-19 fatalities in the past 24 hours, the Johns Hopkins University tracker showed on April 2, the highest one-day death toll recorded in any country since the global pandemic began. (Photo by Apu GOMES / AFP)

U.S. Fed launches $2.3-trillion financing to support economy

Apr 09, 2020 - 11:10 PM

The United States Federal Reserve announces more programs to help businesses, households, and state governments facing a cash crunch

(FILES) This file photo taken on August 9, 2011 shows the US Federal Reserve building in Washington, DC.  US Federal Reserve policy makers last month believed risks to the US economy had lessened but wanted to keep their interest rate policy "options open", according to minutes released August 17, 2016. / AFP PHOTO / KAREN BLEIER

U.S. Fed launches program to support small business loans

Apr 07, 2020 - 11:00 AM

United States President Donald Trump says tens of thousands of small businesses have applied for more than $40 billion in relief

ROCKTON, ILLINOIS - MARCH 24: A normally busy Main Street is deserted as the small businesses that line the business district remain closed after the governor instituted a shelter-in-place order in an attempt to curtail the spread of the coronavirus (COVID-19) on March 24, 2020 in Rockton, Illinois. Rockton is a town of about 7,500 people along the banks of the Rock river in Northern Illinois. Scott Olson/Getty Images/AFP

Fed ramps up help to U.S. economy on life support

Mar 24, 2020 - 9:45 AM

United States Treasury Secretary Steven Mnuchin says the Federal Reserve's measures would provide $4 trillion in needed liquidity into the US economy

A man walks across Wisconsin Ave, in the normally busy shopping district of Georgetown in Washington, DC on March 23, 2020. - The Federal Reserve launched an unprecedented effort on Monday to flood the US economy with money amid the chaos caused by the coronavirus pandemic, as Congress debated a rescue plan for American workers and companies. (Photo by MANDEL NGAN / AFP)

U.S. Fed slashes key interest rate, rolls out massive response to pandemic

Mar 16, 2020 - 9:00 AM

The United States Federal Reserve makes its second emergency rate cut in less than two weeks and announces other drastic measures to counter the economic impact of the coronavirus

NEW YORK, NY - MARCH 14: A person wearing a mask is seen as the coronavirus continues to spread across the United States on March 14, 2020 in New York City. The World Health Organization declared coronavirus (COVID-19) a global pandemic on March 11th. Jamie McCarthy/Getty Images/AFP

Raging coronavirus makes zero rates a possibility as U.S. Fed meets

Mar 15, 2020 - 5:45 PM

Analysts say the question is not whether the United States Federal Reserve will cut rates again – but how low they will go

KEY RATE UNCHANGED. United States Federal Reserve Board Chairman Jerome Powell speaks during a press conference after a Federal Open Market Committee meeting in Washington, DC, on May 1, 2019. Photo by Mandel Ngan/AFP

Trump says Fed not 'aggressive' enough against coronavirus

Mar 15, 2020 - 9:15 AM

United States President Donald Trump says central bank chief Jerome Powell had 'made a lot of bad decisions'

SAFE. File photo of US President Donald Trump. Photo by Alastair Pike/AFP

U.S. Fed ramps up cash injections to keep market gears grinding

Mar 13, 2020 - 9:25 AM

Economists warn the United States central bank's actions will not be sufficient without government firepower in the form of aggressive spending

NEW YORK, NEW YORK - SEPTEMBER 03: An American Flag hangs from a building in the Financial District of Manhattan on September 03, 2019 in New York City. New manufacturing data released on Tuesday renewed concerns about a weakening global economy. Oil prices also fell on Tuesday as the continuing U.S.-China trade dispute continues to worry markets and investors about a global slowdown. Spencer Platt/Getty Images/AFP

U.S. central bank quarantines cash from Asia

Mar 07, 2020 - 2:25 PM

Currency coming from Asia into the United States will be held for at least '7 to 10 days before the deposits are processed'

U.S. Fed makes emergency rate cut to combat virus risk

Mar 04, 2020 - 8:10 AM

The large, highly unusual cut ahead of the next policy meeting reflects concerns that the novel coronavirus will hurt the US and global economies

WASHINGTON, DC - MARCH 03: Federal Reserve Chair Jerome H. Powell announces a half percentage point interest rate cut during a speech on March 3, 2020 in Washington, DC. Mark Makela/Getty Images/AFP

Fed vs coronavirus: What can the U.S. central bank do?

Mar 03, 2020 - 10:00 AM

The United States Federal Reserve says it's prepared to cushion the economic impact of the novel coronavirus. Will it actually be able to help?

A man wears a face mask at Los Angeles International Airport (LAX) in Los Angeles, California on March 2, 2020. - The number of US deaths from the novel coronavirus rose to six on March 2, all in the state of Washington, officials said, signaling the contagion has taken root in the Pacific Northwest. (Photo by Frederic J. BROWN / AFP)

Can the Fed protect U.S. economy against virus impact?

Feb 29, 2020 - 7:30 AM

US Federal Reserve Chairman Jerome Powell says 'the fundamentals of the US economy remain strong,' but acknowledges that the novel coronavirus 'poses evolving risks to economic activity'

Shoppers buy toilet paper, food and water at a store, as people begin to panic buy and stockpile essentials from fear that supplies will be affected by the spread of the COVID-19, coronavirus outbreak across the country, in Los Angeles, California on February 29, 2020. - The US has suffered its first virus related death as the number of novel coronavirus cases in the world rose to 85,919, including 2,941 deaths, across 61 countries and territories. (Photo by Mark RALSTON / AFP)

Benefits of China trade truce 'limited' – U.S. Fed officials

Feb 20, 2020 - 9:00 AM

United States Federal Reserve officials note the 'phase one' trade deal with China 'would still leave a large portion of the tariffs in place'

TRADE WAR. This photo taken on June 24, 2019, shows containers at the Qingdao Port Foreign Trade Container Terminal in Qingdao, China. File photo by AFP

U.S. Fed watching global economy for signs of infection from virus

Jan 30, 2020 - 2:45 PM

The United States Federal Reserve says 'there will clearly be implications' for Chinese output, but it is still 'very uncertain' how far it will spread

Former U.S. Fed chairman Paul Volcker dies at 92 – media

Dec 09, 2019 - 11:19 PM

In a career spanning the immediate post-War decades to the 2008 financial crisis, former US Federal Reserve chairman Paul Volcker advised US leaders from Richard Nixon to Barack Obama

PAUL VOLCKER. In this file photo taken on March 29, 2005 Paul Volcker, chair of the Independent Inquiry Committee into the United Nations oil-for-food program in Iraq, speaks at a press conference in New York after the committee released a report on the investigation into the program. File photo by Stan Honda/AFP

U.S. Fed lowers key interest rate as 'insurance' against economic risks

Oct 31, 2019 - 3:15 PM

'We took this step to help keep the US economy strong in the face of global developments,' says United States Federal Reserve Chairman Jerome Powell

Federal Reserve Board Chairman Jerome Powell holds a news conference on October 30, 2019 in Washington, DC. - The US Federal Reserve cut its benchmark interest rate for the third straight time on Wednesday, but the central bank remains divided, with two of the 10 voting members dissenting. And the Fed's policy-setting Federal Open Market Committee made a key change in the wording of the statement, which makes it less certain it will make another move in December. (Photo by Eric BARADAT / AFP)

U.S. Fed cuts key interest rate a quarter point, citing 'uncertainties'

Sep 19, 2019 - 12:40 PM

The United States Federal Reserve lowers the benchmark interest rate by 25 basis points to a target range of 1.75% to 2%, but its policy committee is divided

RATE CUT. United States Federal Reserve Chairman Jerome Powell speaks during a press conference after a Federal Open Market Committee meeting in Washington, DC, on July 31, 2019. Photo by Andrew Caballero-Reynolds/AFP

U.S. sees 'modest' growth, businesses show 'near-term' optimism – Fed

Sep 05, 2019 - 9:50 AM

The United States Federal Reserve cites trade concerns, but says majority of businesses remain optimistic about the near-term outlook

BUSINESSES. Buildings, both residential and commercial, give form to the iconic Manhattan skyline on June 13, 2019 in New York City. Photo by Spencer Platt/Getty Images/AFP

Trump heads to G7 with potshot at French hosts over taxes

Aug 24, 2019 - 1:30 PM

'I don't want France going out and taxing our companies.... And if they do that, we'll be taxing their wine,' says US President Donald Trump ahead of the G7 summit in France

US President Donald Trump gestures as he speaks to the press while departing the White House in Washington, DC, on August 23, 2019, for the G7 Summit in France. (Photo by Alastair Pike / AFP)

U.S. Fed cuts key interest rate to 'insure' against global uncertainties

Aug 01, 2019 - 8:15 AM

US President Donald Trump wastes no time in attacking on Twitter, saying the US Federal Reserve's move falls far short of the 'aggressive rate-cutting cycle' he wants

US Federal Reserve Chairman Jerome Powell speaks during a press conference after a Federal Open Market Committee meeting in Washington, DC on July 31, 2019. - The US Federal Reserve cut the benchmark lending rate on Wednesday for the first time in more than a decade, moving to stimulate the economy after a year of sustained pressure from President Donald Trump. Powell signaled Wednesday that the US central bank is not launching a new round of interest rate cuts to boost the economy. With many economists expected at least one more rate cut this year, Powell said the move Wednesday was to "insure" the economy against global uncertainties (Photo by ANDREW CABALLERO-REYNOLDS / AFP)

U.S. Fed to join ranks of other central banks in stimulating economy

Jul 31, 2019 - 2:45 PM

United States President Donald Trump will certainly cheer a rate cut, but economists are torn

After a year of Trump pressure, U.S. Fed struggles to communicate

Jul 28, 2019 - 11:20 PM

The United States Federal Reserve suffers a number of awkward stumbles in communications, while facing repeated attacks from US President Donald Trump

US Federal Reserve Board Chairman Jerome Powell addresses a dinner following the Conference "Bretton Woods: 75 years later - Thinking about the next 75 years" at the Banque de France headquarters in Paris on July 16, 2019. (Photo by ERIC PIERMONT / AFP)

Trump attacks US Fed, demands rate cut

Jul 19, 2019 - 11:51 PM

In another Twitter outburst, Trump calls on the US Federal Reserve to 'Correct!' its overreach

DONALD TRUMP. US President Donald Trump speaks to the media as he walks to Marine One prior to departing from the South Lawn of the White House in Washington, DC, July 5, 2019. Photo by Saul Loeb/AFP

U.S. Fed opens door to rate cut amid growing 'uncertainties'

Jun 20, 2019 - 2:35 PM

The US Federal Reserve says trade friction and slowing growth worldwide have led many central bankers to feel the case for an interest rate cut has 'strengthened'

RATE UNCHANGED. United States Federal Reserve Chairman Jerome Powell during a press briefing following a Federal Open Market Committee meeting on March 20, 2019, in Washington, DC. Photo by Brendan Smialowski/AFP

U.S. Federal Reserve leaves key rate unchanged amid mixed economic signals

May 02, 2019 - 5:25 PM

The United States Federal Reserve votes unanimously to keep the benchmark interest rate in a range of 2.25% to 2.5%

Federal Reserve Board Chair Jerome Powell speaks during a press conference after a Federal Open Market Committee meeting in Washington, DC, on May1, 2019. - The US Federal Reserve decided Wednesday to keep its benchmark interest rate unchanged amid mixed signals about the direction of the US economy. (Photo by MANDEL NGAN / AFP)

U.S. Fed now expects no rate hikes in 2019

Mar 21, 2019 - 1:50 PM

The United States Federal Reserve's surprising change of direction follows the 4 rate increases in 2018

Federal Reserve Chairman Jerome Powell during a press briefing following a Federal Open Market Committee meeting March 20, 2019 in Washington, DC. - Powell said Wednesday it could be "some time" before the US central bank will have to change the key lending rate. The Fed kept the benchmark borrowing rate unchanged and forecast no more increases this year. (Photo by Brendan Smialowski / AFP)

Fed to hold fire on interest rates as world economy slows

Mar 17, 2019 - 11:10 PM

Economists also expect the United States Federal Reserve to once again lower the number of rate hikes projected in 2019

U.S. FEDERAL RESERVE. Chairman Jerome Powell speaks during a news conference in Washington, DC, on March 21, 2018. File photo by Alex Wong/Getty Images/AFP

U.S. Federal Reserve assists Bangladesh over cyberheist case vs RCBC

Feb 02, 2019 - 6:47 PM

'This agreement demonstrates that the New York Fed and Bangladesh Bank are aligned in the pursuit of recovering the funds and directing litigation against those who were complicit in or benefitted from the fraud,' says the US Federal Reserve Bank and Bangladesh's central bank

CENTRAL BANK. A cornerstone in the Federal Reserve Bank of New York building is seen on July 29, 2011 in New York City. Andrew Burton/Getty Images/AFP

U.S. Fed raises benchmark interest rate

Sep 27, 2018 - 11:55 AM

US President Donald Trump says he is 'not happy' about the move of the central bank

U.S. FEDERAL RESERVE. Chairman Jerome Powell speaks during a news conference in Washington, DC on March 21, 2018. File photo by Alex Wong/Getty Images/AFP

U.S. Fed to hold fire amid rising market sensitivity

Apr 29, 2018 - 11:50 PM

Investors will be looking for signs of how concerned US officials appear to be about rising wages and inflation

WASHINGTON, DC - MARCH 21: U.S. Federal Reserve Chairman Jerome Powell speaks during a news conference March 21, 2018 in Washington, DC. The Fed today as expected announced a quarter-point increase in interest rates under its new chairman. Alex Wong/Getty Images/AFP

PH economy reverts to hot money outflows of $545 million in February

Mar 15, 2018 - 9:35 PM

The Bangko Sentral ng Pilipinas attributes the net outflows to investor concerns over the possibility of a US Federal Reserve rate hike

New leader to take the helm at U.S. Federal Reserve

Feb 04, 2018 - 10:09 AM

Jerome Powell takes over at a remarkably quiet time following a decade of economic turmoil that forced the central bank into uncharted policy waters to try to recover from the global financial crisis

NEW FED CHAIR. In this file photo, Jerome Powell testifies during his confirmation hearing before the Senate Banking, Housing and Urban Affairs Committee November 28, 2017 on Capitol Hill in Washington, DC. Alex Wong/Getty Images/AFP

Fed's Yellen says no risks to stability 'flashing red' as markets boom

Dec 14, 2017 - 7:29 AM

Janet Yellen also did not express much concern about digital currency bitcoin which has seen a meteoric rise in recent weeks

WASHINGTON, DC - DECEMBER 13: Federal Reserve Chair Janet Yellen speaks during her last news conference in office December 13, 2017 in Washington, DC. Yellen announced that the Federal Reserve is raising the interest rates by a quarter point to 1.5%. Alex Wong/Getty Images/AFP

Janet Yellen to depart U.S. Federal Reserve in February

Nov 21, 2017 - 7:00 AM

In her resignation letter to Donald Trump, Yellen said she is pleased by the US economy's continuing recovery from the Great Recession of 2008-2009

STEPPING DOWN. In this file photo, Federal Reserve Board Chair Janet Yellen holds a news conference December 14, 2016 in Washington, DC.  Chip Somodevilla/Getty Images/AFP

Trump taps Jerome Powell to lead U.S. Federal Reserve

Nov 03, 2017 - 11:56 AM

President Donald Trump has decided not to reappoint current Fed Chair Janet Yellen, the first woman to oversee monetary policy, despite praising her excellent management of the US economy over the past 4 years

NOMINEE. US President Donald Trump walks with Jerome Powell, his nominee to be Federal Reserve chairman, at the White House in Washington, DC, on November 2, 2017. Photo by Nicholas Kamm/AFP

Trump set to undo another Obama legacy with Fed pick

Nov 02, 2017 - 10:04 AM

(UPDATED) Jerome Powell, a Federal Reserve Governor, is Donald Trump's pick to replace Janet Yellen at the helm of the US central bank

OUTGOING AND INCOMING. This combination of pictures created on October 31, 2017 shows a September 20, 2017 photograph of current Federal Reserve Chair Janet Yellen (L) in Washington, DC and a June 5, 2012 photograph courtesy the US Federal Reserve of Governor Jerome H. Powell. Photos by Saul Loeb/AFP (Yellen) and Britt Leckman/US Federal Reserve (Powell)

U.S. Fed begins two-day meeting as Yellen era appears set to close

Nov 01, 2017 - 8:10 AM

The White House is slated to unveil President Donald Trump's nominee for Fed chair on Thursday, November 2, the day after the meeting concludes

WASHINGTON, DC - DECEMBER 14: Federal Reserve Board Chair Janet Yellen holds a news conference December 14, 2016 in Washington, DC. Chip Somodevilla/Getty Images/AFP

Peso weakens, Mahmud Ahmad dead, DBM usec fired | Midday wRap

Oct 20, 2017 - 12:59 PM

Watch the midday newscast with Margie de Leon

Philippine peso weakens to new 11-year low

Oct 19, 2017 - 7:10 PM

The Philippine peso closes at P51.530 to $1 on Thursday, October 19, its weakest since August 24, 2006

Number two at U.S Federal Reserve to step down

Sep 07, 2017 - 7:35 AM

With Federal Reserve Vice Chair Stanley Fischer s departure President Donald Trump will be able to name the top three officials on the board including Fed Chair Janet Yellen whose term expires February 3

The US Federal Reserve building is seen August 1, 2015 in Washington, DC. Karen Bleier/AFP

10 years ago: A harbinger of 2008 financial crisis

Aug 15, 2017 - 1:30 PM

The first signs of the 2008 financial crisis showed up in August 2007

IN THE RED. In this file photo, an investor reacts as he monitors the share index at a private stock market gallery in Kuala Lumpur on September 18, 2008. AFP file

Peso breaches $1 to 50 mark again

Jun 20, 2017 - 6:54 PM

'It is a reaction to external developments, particularly the hawkish statements of Fed officials overnight,' says BSP Governor Amando Tetangco Jr

Philippine stocks, peso down on another U.S. Fed hike

Jun 15, 2017 - 8:45 PM

The US Federal Reserve s decision to raise the benchmark interest rate for the 2nd time this year is the primary market mover on Thursday June 15

ANTICIPATED. The US Federal Reserve's decision to raise interest rates for the second time this year is a move widely expected by economists and investors. Rappler file photo

US Fed raises key rate, signals one more hike in 2017

Jun 15, 2017 - 7:13 AM

Federal Reserve Chair Janet Yellen says the move reflects the progress in the world s largest economy which continues to add jobs at a solid pace

FED HQ. The US Federal Reserve building is seen August 1, 2015 in Washington, DC. Karen Bleier/AFP

U.S. Fed: New rate hike likely coming 'soon'

May 25, 2017 - 10:35 AM

Most analysts expect two more rate increases this year likely in June and in September but there are now doubts over that schedule

RATE HIKE. Federal Reserve Board Chair Janet Yellen holds a news conference after the central bank announced an increase in the benchmark interest rate following a Federal Open Market Committee meeting on December 14, 2016 in Washington, DC. File photo by Chip Somodevilla/Getty Images/AFP