California ‘can be a red state’: Ric Grenell Former Acting Director of National Intelligence Ric Grenell weighs in on states reopening, recalling Gov. Gavin Newsom, and the future of California.
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Fed chief downplays inflation concerns
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. London (CNN Business)Investors are starting to push
Continue reading »Low-wage and minority workers were disproportionately hit by the pandemic's economic pain, Fed study says
The pandemic’s damage to the labor market unevenly hit low-wage, Black, and female workers. A Fed study found minorities and those making less than $30,000 saw outsize drops in employment
Continue reading »Fed Leaves Interest Rates, Pace Of Asset Purchases Unchanged
In its first monetary policy decision of the New Year, the Federal Reserve left interest rates unchanged as widely expected on Wednesday and revealed it plans to maintain its asset
Continue reading »Fed Chair Powell downplays heat in housing market as prices climb
Federal Reserve holds rates near zero FOX Business’ Edward Lawrence with more on the Fed’s decision. Federal Reserve Chairman Jerome Powell downplayed significant price increases in the U.S. housing market
Continue reading »Fed chair: The next few months are likely to be very challenging
New York (CNN Business)Federal Reserve Chair Jerome Powell has made abundantly clear that he is more concerned about the challenging job market than the possibility that more stimulus may eventually
Continue reading »How does the Fed rate cut affect your mortgage and credit cards?
Near-zero federal funds rates help reduce interest rates for consumers across the board. (iStock) In March, the Federal Reserve slashed interest rates to near zero in response to the coronavirus pandemic
Continue reading »Fed Chair Powell Announces Shift To ‘Average Inflation Targeting’
In a highly anticipated speech on Thursday, Federal Reserve Chair Jerome Powell announced a widely expected shift with regard to the price-stability side of the central bank’s dual mandate. Powell
Continue reading »Fed wrestles with its next moves as virus stalls US economy
Fox Business Flash top headlines for July 28 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. Federal Reserve officials are grappling this week with the
Continue reading »ABC News executive Barbara Fedida fired following investigation into racist remarks about Black anchors
ABC suspends top executive Fedida denies reports of racist slurs. A top ABC News executive has been fired after being placed on administrative leave over racist remarks she reportedly made
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