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Lindsay Dunsmuir

Fed policymakers call for fiscal support to save U.S. economy

04 Aug 2020

The U.S. economy, battered by a resurgence in the spread of COVID-19, needs increased government spending to tide over households and businesses and broader use of masks to better control the virus, U.S. central bankers said on Monday. | Video

U.S. firms saw uptick in activity but virus surge weighs, Fed survey shows

15 Jul 2020

WASHINGTON U.S. businesses saw an uptick in activity into the beginning of July as states eased restrictions to contain the novel coronavirus pandemic, a Federal Reserve report showed on Wednesday, but remained uncertain about the economic outlook amid a recent surge in cases in many parts of the country.

Fed officials warn on 'thick fog' ahead for U.S. economy as recovery concerns deepen

14 Jul 2020

WASHINGTON The U.S. economy will recover more slowly than expected amid a surge in novel coronavirus cases across the country, and a broad second wave of the disease could cause economic pain to deepen again, Federal Reserve officials warned on Tuesday.

"Thick fog" over U.S. economy and Fed will need to provide sustained accommodation: Brainard

14 Jul 2020

WASHINGTON There is a great deal of uncertainty about the path ahead for the U.S. economy and the Federal Reserve should use forward guidance and large-scale asset purchases for a "sustained" period in order to help the recovery, Fed Governor Lael Brainard said on Tuesday, as she offered a downbeat assessment of the risks ahead.

Fed policymakers worry growth plateauing, pledge more support

10 Jul 2020

(This July 7 story, corrects first name of Atlanta Federal Reserve Bank president to Raphael from Ralph in paragraph 5; the mistake also occurred in an earlier version of the story)

Fed deluged by letters from needy over U.S. loan program

01 Jul 2020

The U.S. Federal Reserve on Wednesday released thousands of letters and emails from individuals, businesses and nonprofit groups this spring urging wider access to its Main Street Lending Program for Americans slammed financially during the pandemic.

UPDATE 1-Fed revisits idea of pledging to keep interest rates low

01 Jul 2020

WASHINGTON, July 1 Federal Reserve policymakers are looking at reviving a Great Recession-era promise to keep interest rates low until certain conditions are met, in a bid to deliver a more rapid recovery from the recession triggered by the coronavirus pandemic.

Mnuchin sees support for crisis loans to hotels, restaurants

01 Jul 2020

WASHINGTON Up to $140 billion in loans for small business could be refocused to support restaurants, hotels and other industries hit hardest by the coronavirus pandemic, U.S. Treasury Secretary Steven Mnuchin said on Tuesday.

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