Fed’s Powell Says ‘Time Has Come’ to Cut Interest Rates August 23, 2024 By Ann Saphir and Howard Schneider JACKSON HOLE, Wyoming, Aug 23 (Reuters) – Federal Reserve Chair Jerome Powell said on Friday “the time has come” for...
Fed Policymakers Signal Rate Cuts Ahead, But Not Recession August 6, 2024 By Lindsay Dunsmuir and Ann Saphir U.S. central bank policymakers pushed back on Monday against the notion that weaker-than-expected July jobs data means the economy is...
Fed Plans Broad Revamp of Bank Oversight After SVB Failure April 28, 2023 By Ann Saphir, Hannah Lang and Chris Prentice The Federal Reserve issued a detailed and scathing assessment on Friday of its failure to identify problems and push for...
Jobs Blowout Cements Case for Another Big Fed Rate Hike July 8, 2022 By Howard Schneider and Ann Saphir Another blowout jobs number and continued wage growth will likely stiffen resolve at the Federal Reserve for another three-quarter point...
Workers Refusing Unsafe Work May Be Able to Get Unemployment Insurance February 1, 2021 By Ann Saphir and Jonnelle Marte Many workers called back by employers resuming or expanding operations despite the ongoing coronavirus pandemic face a dilemma: return to...
Explained: How California’s Wildfires Could Spark a Financial Crisis September 10, 2020 By Ann Saphir Wildfires across the U.S. West are among the sparks from climate change that could ignite a U.S. financial crisis by...
Fed Leaders Say Economy Needs More Federal Help and More People Wearing Masks August 4, 2020 By Ann Saphir and Lindsay Dunsmuir The U.S. economy, battered by a resurgence in the spread of COVID-19, needs increased government spending to tide over households...
Without More Aid, Many Small Businesses Won’t Make It July 30, 2020 By Ann Saphir and Jonnelle Marte OAKLAND, Calif./NEW YORK — After surviving two strokes at age 27, Olivia Colt threw herself into starting a catering business,...
Federal Reserve Warns of ‘Long Road’ Ahead to Economic Recovery June 15, 2020 By Ann Saphir, Jonnelle Marte and Lindsay Dunsmuir The Federal Reserve expects household finances and business balance sheets to suffer “persistent fragilities” as a result of the shock...
Who Got Money in Small Business Paycheck Protection Program? April 17, 2020 By Andy Sullivan, Howard Schneider and Ann Saphir WASHINGTON/SAN FRANCISCO, April 17 (Reuters) – Over two frantic weeks, the U.S. government pledged $350 billion to Main Street businesses...