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Bottle-fed babies ingest 'millions' of microplastics: study

Amélie Bottollier-Depois, Agence France-Presse
Posted at Oct 20 11:47 AM

Bottle-fed babies may ingest more than a million pieces of microplastics each day, new research showed Monday highlighting the abundance of plastics in our food products. Read more »

Split on applying new framework, Fed struggles over economic outlook as well

Howard Schneider and Ann Saphir, Reuters
Posted at Oct 08 09:24 AM

U.S. Federal Reserve policymakers split over how to apply a new strategy for monetary policy at their September meeting, and, amid growing doubts about the path of the economy, offered no clear sense of their next steps to offset the coronavirus recession. Read more »

Fed's appetite for further easing, higher inflation in focus

Ann Saphir, Reuters
Posted at Oct 07 02:26 PM

The U.S. Federal Reserve last month signaled that interest rates are likely to stay at zero through 2023, vowing to wait on rate hikes until inflation reaches 2 percent and is set to rise moderately above that level for a time. Read more »

US economy to recover only when people feel 'safe' from virus: Powell

Agence France-Presse
Updated as of Sep 22 08:39 AM

The US economy will only recover from the coronavirus downturn when people feel safe to resume their normal activities, Federal Reserve Chair Jerome Powell said in remarks released Monday ahead of congressional testimony. Read more »

US Fed says outlook uncertain, stimulus 'essential'

Heather Scott, Agence France-Presse
Posted at Sep 17 09:02 AM

The Federal Reserve pledged Wednesday to keep boosting the US economy with low rates to help recover the tens of millions of jobs lost in the pandemic, but said additional help from the government will be key.   Read more »

Fed seeks to offer reassurance amid push for new US stimulus

Chris Stein, Agence France-Presse
Posted at Sep 16 09:59 AM

Armed with a new interest rate strategy, the Federal Reserve will seek to reassure the US economy rattled by the coronavirus downturn as it wraps up its policy meeting on Wednesday.   Read more »

Fed unveils major policy shift to maximize job growth

Heather Scott, Agence France-Presse
Posted at Aug 28 09:04 AM

The US central bank rolled out a major policy change on Thursday that gives greater weight to its mission of maximizing employment for the benefit of lower income families, while ratcheting back its emphasis on fighting inflation.  Read more »

Fed keeps rates unchanged as US recovery depends on stopping virus, govt relief

Agence France-Presse
Posted at Jul 30 08:40 AM

The resurgence in coronavirus cases in recent weeks is weighing on US economic activity, and a recovery will depend both on checking the virus and government aid, Federal Reserve Chair Jerome Powell said Wednesday. Read more »

Fed revisits 'Great Recession-era' promise of keeping interest rates low

Reuters
Posted at Jul 02 08:26 AM

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. Read more »

Tennis: Davis Cup and Fed Cup Finals postponed to 2021

Martyn Herman, Reuters
Posted at Jun 27 04:44 PM

Professional tennis has been suspended since March and will not return until August. Read more »

Fed's gloomy economic outlook 'about right,' say economists

Shrutee Sarkar, Reuters
Posted at Jun 23 10:01 PM

The Federal Reserve struck the right tone in its first pandemic-era economic outlook, suggesting years of extraordinary policy support for an economy facing a slow and long slog back, according to a majority of economists in a Reuters poll.   Read more »

US Fed launches long-awaited Main Street lending program

Jonnelle Marte, Lindsay Dunsmuir and Ann Saphir
Posted at Jun 16 08:01 AM

The Federal Reserve on Monday launched its Main Street Lending Program, the most complex program undertaken yet by the US central bank to help keep the backbone of the economy from buckling under the strains of the coronavirus pandemic. Read more »

Fed vows to support US economy's 'long road' to recovery after dire 2020

Howard Schneider and Lindsay Dunsmuir, Reuters
Posted at Jun 11 08:12 AM

The US Federal Reserve on Wednesday signaled it plans years of extraordinary support for an economy facing a torturous slog back from the coronavirus pandemic, with policymakers projecting the economy to shrink 6.5 percent in 2020 and the unemployment rate to be 9.3 percent at year's end. Read more »

US economy could 'easily' contract 20-30 percent in Q2: Fed's Powell

Agence France-Presse
Posted at May 18 08:42 AM

The business shutdowns caused by the coronavirus pandemic could "easily" cause the US economy to collapse by 20 to 30 percent this quarter, Federal Reserve Chair Jerome Powell said Sunday.   Read more »

One-third of US workers who lost jobs can't pay bills: Fed

Agence France-Presse
Posted at May 15 04:51 AM

Over a third of US workers who lost jobs or saw their hours reduced because of the coronavirus pandemic will have trouble paying their bills and nearly half do not have an extra $400 for an emergency, according to a survey released Thursday.   Read more »

Fed's Powell says US economy may face 'extended period' of weak growth

Howard Schneider, Reuters
Posted at May 13 10:00 PM

Federal Reserve Chair Jerome Powell, in a sober review of where the US economy stands on the cusp of its reopening, said on Wednesday the country could face an "extended period" of weak growth and stagnant incomes, pledged to use more Fed power as needed, and issued a call for more fiscal spending. Read more »

Central bank can protect US from deflation: Fed official

Agence France-Presse
Posted at Apr 13 10:44 PM

The Federal Reserve can stop deflation from striking the US economy, which already has been badly affected by the coronavirus the central bank's vice chair said Monday. Read more »

Federal Reserve ramps up help to US economy on life support

Heather Scott, Agence France-Presse
Posted at Mar 24 12:31 PM

The Federal Reserve launched an unprecedented effort on Monday to flood the US economy with money amid the chaos caused by the coronavirus pandemic, as Congress debated a rescue plan for American workers and companies. Read more »

US Fed mounts aggressive new steps to combat coronavirus hit to economy

Reuters
Posted at Mar 23 08:46 PM

The US Federal Reserve on Monday said it would begin backstopping an unprecedented range of credit for households, small businesses and major employers in an effort to offset the "severe disruptions" to the economy caused by the coronarvirus outbreak. Read more »

US Federal Reserve pleased with banks' use of funds in COVID-19 fight

Agence France-Presse
Posted at Mar 20 08:20 AM

The Federal Reserve said Thursday it was encouraged by the reaction of banks to the extraordinary efforts to pump cash into the US economy amid the coronavirus pandemic. Read more »