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Federal Reserve Bank of Cleveland President Loretta Mester said U.S. unemployment could rise as high as 15% as the U.S. forcibly shuts down important parts of its economy to help contain the coronavirus pandemic.April 3
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While experts predict rates will not stay at zero lower bound as long as after the financial crisis, they don’t see a hike for years.March 30
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With the Federal Reserve bringing the target rate down to the zero lower bound, communication takes on a vital role, and, if used properly, can enhance Fed actions.March 25
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Federal Reserve Bank of St. Louis President James Bullard said the U.S. should declare the equivalent of a three-month break for nonessential businesses to fight the spread of the coronavirus.March 23
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Federal Reserve Bank of Boston Eric Rosengren offered an upbeat assessment in the face of the darkening economic crisis, saying the U.S. can withstand the short-term damage caused by the coronavirus pandemic.March 19
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With a significant decline in new infections in China, positive news may be ahead, one expert says.March 18
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The Federal Reserve continued its moves to minimize the effects of COVID-19 on the U.S. economy.March 17
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The Federal Open Market Committee lowered the fed funds rate target to between zero and ¼% in an emergency meeting on Sunday, but while analysts say the move was needed, they feel it will take more to offset the effects of COVID-19.March 16
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In an unprecedented move, the Federal Reserve on Sunday cut rates to near zero.March 15
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The markets continue to sink on virus fears, as even a 50 basis point rate cut by the Federal Reserve last week didn’t turn the markets around. The Fed meets again next week and many see more easing, but will those efforts prevent recession?March 9
