Alva Review-Courier -

Articles written by Christopher Rugaber & Martin Crutsinger

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Fed's Powell: Recovery incomplete, high inflation unlikely

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell underscored the U.S. economy's ongoing weakness Tuesday in remarks that suggested that the Fed sees no need to alter its ultra-low interest rate policies anytime soon. "The economic recovery...


Fed keeps rate near zero but sees brighter economy in 2021

WASHINGTON (AP) — The Federal Reserve said Wednesday that it will keep buying government bonds until the economy makes "substantial" progress — a step intended to reassure financial markets and keep long-term borrowing rates low indefinitely....


Trump says he will tap economists for 2 key Fed vacancies

WASHINGTON (AP) — President Donald Trump, who has criticized the Federal Reserve for not cutting interest rates, said Tuesday that he intends to nominate two economists to fill influential positions on the central bank's Board of Governors. Trump...


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