Monetary policy

FILE - This July 31, 2019, file photo, shows the Federal Reserve logo ahead of the start of a scheduled news conference by Chairman Jerome Powell in Washington. The Federal Reserve says it purchased $1.3 billion in corporate bonds in late June 2020 as part of its effort to keep U.S. interest rates low and ensure large companies can borrow by selling bonds. (AP Photo/Manuel Balce Ceneta, File)
1010 WINS Newsroom
July 10, 2020 - 7:54 pm
WASHINGTON (AP) — The Federal Reserve said Friday that it purchased $1.3 billion in corporate bonds in late June as part of its effort to keep U.S. interest rates low and ensure large companies can borrow by selling bonds. The Fed bought bonds issued by several hundred large companies, including AT...
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FILE - In this May 22, 2020, file photo, the Federal Reserve building is viewed in Washington. Federal Reserve officials last month expressed concerns about the severity of the economic downturn triggered by the coronavirus pandemic. The minutes of the June 9-10 discussions that were made public Wednesday, July 1, 2020, show officials grappling with economic disruptions that had already occurred. (AP Photo/Patrick Semansky, File)
1010 WINS Newsroom
July 01, 2020 - 3:50 pm
WASHINGTON (AP) — Federal Reserve officials last month expressed concerns about the severity of the economic downturn triggered by the coronavirus pandemic, saying the drop in economic activity in the spring would likely be the steepest in the post-World War II period. The minutes of the June 9-10...
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June 29, 2020 - 6:10 pm
WASHINGTON (AP) — Michael Haith, owner and CEO of a Denver-based restaurant chain called Teriyaki Madness, is in an unusual position for people like him: He's making money through food delivery and pickup and wants to borrow funds so he can expand. Yet so far, a Federal Reserve lending program set...
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1010 WINS Newsroom
June 18, 2020 - 11:17 am
FRANKFURT, Germany (AP) — The European Central Bank has handed out 1.31 trillion euros ($1.46 trillion) in long-term, ultra-cheap credit to hundreds of banks as part of its emergency support aimed at cushioning the impact of the coronavirus pandemic on businesses and workers. The three-year loans...
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Builders work on ascaffolding in London, Wednesday, June 17, 2020. After the easing of lockdown during the COVID-19 pandemic, most construction companies have restarted their business but official figures show that the British economy shrank by a colossal 20.4% in April, the first full month that the country was in its lockdown. (AP Photo/Frank Augstein)
1010 WINS Newsroom
June 18, 2020 - 10:50 am
LONDON (AP) — The Bank of England unveiled another big stimulus for the U.K. economy as it tries to limit the scale of the coronavirus recession, which it now thinks will be “less severe” than it thought last month. In a statement Thursday, the bank’s policy making panel said it was increasing its...
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Riot police advance to push back anti-government protesters from a square near the government house, during a protest against the political leadership they blame for the economic and financial crisis, in downtown Beirut, Lebanon, early Friday, June 12, 2020. (AP Photo/Hussein Malla)
1010 WINS Newsroom
June 12, 2020 - 1:36 pm
BEIRUT (AP) — For months, Kamal Nasser, a successful plumbing contractor in Lebanon, has seen his business base erode. There are almost no new construction projects as people save for gloomier days, and with the local currency on a downward spiral, he has not been able to import his most basic...
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FILE - In this July 31, 2019 file photo, The Federal Reserve logo is shown before the start of a scheduled news conference by Chairman Jerome Powell when it ends its latest policy meeting in Washington. The Federal Reserve on Friday, June 12, 2020, promised to use its “full range of tools” to pull the country out of a deep recession caused by a global pandemic, signaling that it would keep interest rates low through 2022. (AP Photo/Manuel Balce Ceneta, File)
1010 WINS Newsroom
June 12, 2020 - 12:58 pm
WASHINGTON (AP) — The Federal Reserve is promising to use its “full range of tools” to pull the country out of a recession brought on by a global pandemic, signaling that it would keep interest rates low through 2022. In its semi-annual monetary policy report to Congress, the central bank said...
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A currency trader walks by a screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Thursday, June 11, 2020. Asian shares were mostly lower Thursday, with Tokyo dropping more than 1% as the Japanese yen gained after the Federal Reserve said it would keep interest rates low through 2022. (AP Photo/Lee Jin-man)
1010 WINS Newsroom
June 10, 2020 - 11:57 pm
TOKYO (AP) — Asian shares were mostly lower Thursday, with Tokyo dropping more than 1% as the Japanese yen gained after the Federal Reserve said it would keep interest rates low through 2022. Asian markets had been expected to fall after the Fed signaled a long path to recovery from the devastation...
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FILE - In this Tuesday, March 3, 2020 file photo, Federal Reserve Chair Jerome Powell pauses during a news conference to discuss an announcement from the Federal Open Market Committee, in Washington. The Federal Reserve says it will keep buying bonds, Wednesday, June 10, to maintain low borrowing rates and support the U.S. economy in the midst of a recession. And it says nearly all the Fed’s policymakers foresee no rate hike through 2022. .(AP Photo/Jacquelyn Martin, File)
1010 WINS Newsroom
June 10, 2020 - 6:32 pm
WASHINGTON (AP) — Confronted with an economy gripped by recession and high unemployment, the Federal Reserve signaled Wednesday that it expects to keep its key short-term interest rate near zero through 2022. At the same time, the Fed said it will keep buying about $120 billion in Treasury and...
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The buildings of the banking district are seen in Frankfurt, Germany, at dawn on early Sunday, May 31, 2020. (AP Photo/Michael Probst)
1010 WINS Newsroom
June 04, 2020 - 8:48 am
FRANKFURT, Germany (AP) — The economy of the 19-country eurozone is forecast to shrink by 8.7% this year as it suffers from the shutdown of business during the pandemic lockdown, the European Central Bank said Thursday. The central bank said it expects a rebound of 5.2% in 2021 and 3.3% in 2022...
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