Economy

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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The global economy versus COVID-19

08/20/20

With continued economic instability as a result of the coronavirus, how will the US manage the uncertainty that appears to have no end in sight.

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Is Texas commissioner sending message with de novo rejection?

08/18/20

Observers say the rare denial is rooted in skepticism that a new bank can succeed under current economic conditions and a signal to other proposed banks to hit the pause button.

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PPP had its strengths. Its successor can be stronger.

08/12/20

A public-private partnership that has fewer rules and restrictions than the Paycheck Protection Program would save more small businesses.

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Bankers don’t see economy recovering anytime soon

08/10/20

More than a third fear the fallout from the coronavirus pandemic could drag into 2022 or later, and they are most worried about commercial real estate loans, according to a Promontory Interfinancial Network survey.

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Recovery could take 4 years if virus contained, Fed’s Daly says

07/01/20

The U.S. economy can escape another decade-long slog back to health if strong public measures or a vaccine curb virus surges, Federal Reserve Bank of San Francisco President Mary Daly said.

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Bankers look to Asia for glimpse of what U.S. recovery could look like

06/24/20

Top executives from Citigroup and Goldman Sachs offered warnings Wednesday about why the U.S. economy may be slow to bounce back from the coronavirus pandemic.

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