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Tag: Federal Reserve System

Eric Rosengren says Fed ‘has acted quickly’ as markets froze

Eric Rosengren says Fed ‘has acted quickly’ as markets froze

Boston Federal Reserve President Eric Rosengren said Wednesday the central bank moved rapidly to address deterioration across multiple parts of the financial market that were crippled due to the coronavirus crisis. “At the central bank we’re focused on addressing, and blunting, the economic effects of the pandemic,” Rosengren said in remarks prepared for an online […]

The Fed’s balance sheet just passed $5 trillion for the first time ever

The Fed’s balance sheet just passed $5 trillion for the first time ever

Though the Federal Reserve’s efforts to keep markets running and boost the economy are just getting into gear, its asset portfolio has reached levels never seen before. The central bank’s balance sheet, which consists largely of bonds and other assets it has purchased over the years, ballooned to $5.3 trillion for the week ending Wednesday. […]

Here’s everything the government has done to limit the economic impact

Here’s everything the government has done to limit the economic impact

The federal government is racing to ease the pain facing the U.S. economy as the coronavirus pandemic makes its swift pivot from public health crisis to financial catastrophe. The damage from COVID-19, the disease caused by the new virus, is unlike anything in modern times. Economists have warned the fallout could be similar to that […]

5 things to know before the stock market opens January 21, 2020

5 things to know before the stock market opens January 21, 2020

U.S. inventory futures have been pointing to a decrease Wall Street open on Tuesday, with world shares from Asia to Europe underneath strain. The U.S. market was closed Monday for the Martin Luther King Jr. vacation. On Friday the Dow Jones Industrial Average, S&P 500 and Nasdaq all closed at report highs once more. For […]