Latest from Rachel Siegel
The agency is predicting that the unemployment rate in the fourth quarter of 2030 will be 4.4 percent, compared with 3.5 percent in February of this year.
  • Jul 2, 2020
The scenario, which officials described as plausible, was revealed in minutes of their June meeting before the surge in cases escalated
  • Jul 1, 2020
“While this bounceback in economic activity is welcome, it also presents new challenges — notably, the need to keep the virus in check," Powell said.
  • Jun 30, 2020
The central bank has never bought corporate debt like this before, and it’s unclear what the implications of its actions will be.
  • Jun 29, 2020
The pandemic downturn marks the first time the Fed has issued such across-the-board limits on the largest banks since the aftermath of the Great Recession.
  • Jun 25, 2020
The industry has suffered under strained trade relations with China and tit-for-tat tariffs that significantly reduced exports to one of its biggest foreign markets.
  • Jun 24, 2020
As the economy ground to a halt earlier this year, “the flow of coins through the economy has gotten all — it’s kind of stopped," Fed Chair Jerome H. Powell said Wednesday.
  • Jun 17, 2020
Appearing before the Senate Banking, Housing and Urban Affairs Committee Tuesday morning, Powell offered the latest summary of the pandemic’s toll on the U.S. economy.
  • Jun 16, 2020
A 27-year-old man, Rayshard Brooks, died after being shot by Atlanta police Friday night, following weeks of national protests over the death of George Floyd in Minneapolis police custody.
  • Jun 14, 2020