Economy

Week ahead: Changes at NCUA, recession fears worsen

11/23/20

It remains unclear how Mark McWatters's departure will impact the credit union regulator, and there is growing evidence that the country could face a "double-dip recession."

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Dimon calls lawmakers ‘childish’ for failing to pass second stimulus

11/18/20

JPMorgan Chase CEO Jamie Dimon says the partisan bickering over coronavirus relief aid is harming households and businesses and jeopardizing the chances of an economic recovery.

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Fed’s Beige Book shows slight to modest growth, recovery uneven

10/21/20

The U.S. economy continued to grow across the country as it recovered from the coronavirus pandemic, but the picture was uneven, according to a new report from the Federal Reserve.

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Biggest U.S. banks keep assets at safest level in 35 years

10/09/20

Cash, Treasurys and other securities effectively guaranteed by the federal government now make up more than 35% of the combined balance sheets of the 25 biggest U.S. banks, according to data compiled by the Fed. That’s the biggest share in records dating to 1985.

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Fed's Rosengren: Pre-pandemic low rates worsened current downturn

10/08/20

Federal Reserve Bank of Boston President Eric Rosengren said the long period of low interest rates before the coronavirus pandemic is contributing to the depth of the current recession.

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Powell warns of weak recovery without more government aid

10/06/20

Federal Reserve Chair Jerome Powell said the lack of additional stimulus is creating "unnecessary hardship for households and businesses."

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Bank of America CEO says more stimulus needed to help last of recovery

09/18/20

Bank of America Chief Executive Brian Moynihan called for another round of federal stimulus to help the U.S. reach a full economic recovery from the coronavirus pandemic.

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Jamie Dimon sees long-term damage if people don’t get back to work

09/15/20

JPMorgan Chase's CEO says he fears productivity is slipping and that workers, particularly younger ones, are feeling alienated.

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Making sense of a bull market in a bear economy

09/09/20

The stock market has reached record highs despite rampant unemployment, recession and a global pandemic. What gives?

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Powell’s Fed shifts to more relaxed approach to fight inflation

08/27/20

Federal Reserve Chair Jerome Powell announced a new approach to monetary policy Thursday that takes a more relaxed stance on inflation and on its view of how low U.S. unemployment can go.

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