by mujair | Sep 16, 2020 | Business & Finance News
WASHINGTON — Federal Reserve officials are contemplating their next steps after announcing a new approach to interest rate-setting last month, one that could lay the groundwork for longer periods of low unemployment and rock-bottom borrowing costs. But it may be too...
by mujair | Sep 8, 2020 | Business & Finance News
WASHINGTON — President Trump is using the prepandemic economy to make a case for his re-election, highlighting time and again that unemployment rates fell to record low levels for Black and Hispanic workers in 2019, and that wages were climbing steadily under his...
by mujair | Aug 27, 2020 | Business & Finance News
Under Mr. Powell’s leadership, the Fed has increasingly emphasized the benefits of that strong labor market, which pulled long-sidelined workers into jobs and helped to foster strong wage growth for those who earn the least. The update bookends that evolution toward...
by mujair | Aug 27, 2020 | Business & Finance News
Here’s what you need to know: Economists warn that the loss of federal support for the unemployed could lead to a drop in consumer spending and further layoffs.Credit…William Widmer for The New York Times When weekly filings for state unemployment benefits...
by mujair | Jul 19, 2020 | Business & Finance News
WASHINGTON — Judy Shelton, an unorthodox economist who was an adviser to President Trump’s 2016 campaign, could move one step closer to a seat on the Federal Reserve’s Board of Governors this week. While her fate is far from guaranteed, the Senate Banking Committee is...
