Philadelphia Federal Reserve President Patrick Harker said Thursday that the central bank won’t have to worry about inflation getting in its way anytime soon. In a CNBC interview, Harker faced a question posed repeatedly to Fed officials in recent days over whether its easy monetary policy could stoke price pressures and interfere with what he […]
Economy
Deficit projected at $2.3 trillion for 2021, without new stimulus: CBO
The federal budget deficit is projected to total $2.3 trillion in the 2021 fiscal year, a drop from last year but well ahead of anything the U.S. had seen prior to the Covid-19 pandemic, the Congressional Budget Office reported Thursday. That total does not include the $1.9 trillion in relief spending that President Joe Biden […]
‘Patiently accommodative’ because of bleak jobs picture
Federal Reserve Chairman Jerome Powell on Wednesday painted a dour picture on the state of U.S. employment, saying continued aggressive policy support is needed to fix the myriad issues still facing workers. Addressing the issue will require a “patiently accommodative monetary policy that embraces the lessons of the past” regarding the benefits that low interest […]
Biden gets 62% approval in CNBC poll, a sky-high initial reading
President Joe Biden is on the best presidential honeymoon since at least Bill Clinton in 1993. A special online edition of the CNBC All-America Economic Survey focusing on the Biden agenda finds his approval rating at a sky-high 62%, beating the first presidential ratings of Presidents Barack Obama, George W. Bush, Bill Clinton and Donald […]
Jobless claims worse than expected as pandemic-related filings surge
First-time claims for unemployment insurance totaled 793,000 last week as declining Covid-19 cases provided little relief for the jobs market. The total for the week ended Feb. 6 was above the 760,000 forecast from economists surveyed by Dow Jones but a slight decrease from the previous week’s upwardly revised total of 812,000. The pandemic era […]
Yellen says U.S. could return to full employment next year if relief passes
Outgoing Federal Reserve Chair Janet Yellen holds a news conference after a two-day Federal Open Market Committee (FOMC) meeting in Washington, U.S. December 13, 2017. Jonathan Ernst | Reuters The U.S. could return to full employment in 2022 if President Joe Biden‘s $1.9 trillion coronavirus rescue package is passed, Treasury Secretary Janet Yellen said on […]
Yellen says U.S. could return to full employment next year if relief passes
Covid stimulus: Yellen says U.S. could return to full employment next year if relief passes Search quotes, news & videos Source link
Yellen says U.S. could return to full employment next year if relief passes
Covid stimulus: Yellen says U.S. could return to full employment next year if relief passes Search quotes, news & videos Source link
Yellen says U.S. could return to full employment next year if relief passes
Covid stimulus: Yellen says U.S. could return to full employment next year if relief passes Search quotes, news & videos Source link
Yellen says U.S. could return to full employment next year if relief passes
Covid stimulus: Yellen says U.S. could return to full employment next year if relief passes Search quotes, news & videos Source link