Tag Archives: Jerome Powell

Washington, USA  |  XINHUA |   The U.S. Federal Reserve on Wednesday kept its benchmark interest rates unchanged at the record-low level of near zero, as economic recovery gathers momentum on COVID-19 vaccination progress and strong fiscal support. “Amid progress on vaccinations and strong policy support, indicators of economic activity and …

New York, United States | AFP |  Faced with then near-complete shutdown of travel, and a devastating hit to its business from the coronavirus, Arrangements Abroad mobilized to secure a $597,000 loan under the Paycheck Protection Program. The funds allowed the New York company to pay salaries for a couple of …

Washington, United States | AFP |  As the coronavirus worked its way across the United States, it cleaved the country’s workforce in two: those who have the ability to work from home, and those who do not. From baristas to hotel workers to tourism operators, people whose job requires them to …

Washington, United States | AFP | The US is facing a severe economic downturn amid the global pandemic, but will not suffer another Great Depression and will see a recovery begin later this year, Federal Reserve Chair Jerome Powell said Sunday. The world’s top economy was strong before the COVID-19 outbreak hit, like a natural …

Washington, United States | AFP |  Chinese hackers are trying to steal COVID-19 vaccine research, US authorities said Wednesday, ratcheting up tensions between the superpowers as markets slumped on warnings from the US Federal Reserve that prolonged shutdowns could cause “lasting damage.” Europe, meanwhile, pushed ahead with plans to gradually reopen …