Yesterday, the Federal Reserve boosted its monetary response to the Covid pandemic even more. It said that there would be no interest rate increases until at least the end of 2023! This new guidance from the Federal Open Market...
Fed Chairman Jerome Powell and Treasury Secretary Steven Mnuchin testified before Congress and the House Financial Services Committee. In prepared testimony, Jerome Powell said that the economic recovery had started earlier than expected. Despite that, he believes the economy is still much weaker than...
Honestly, you might think it’s impossible . . . The United States Federal Reserve buying American stocks. Yet I wouldn’t be surprised to see this happen – if stocks drop again. Why? Because Fed Chairman Jerome Powell says the Federal Reserve plans to backstop...
Federal Reserve Chairman Jerome Powell says Congress must spend more. Powell explained that the recovery will take longer than expected. And that will require more fiscal stimulus by the government. “The scope and speed of this downturn are without modern precedent, significantly worse than...
$750 billion . . . That’s how much the Federal Reserve plans to spend buying up ETFs to support asset prices. It’s the latest aggressive action from the U.S. Federal Reserve. In April, America’s central bank announced plans to buy corporate bonds. And today,...
U.S. stock prices are rallying again to a seven-week high. Why? The Federal Reserve. These 5G stocks will be among the biggest winners (click here for details). The Federal Reserve, America’s central bank, is taking extraordinary steps to backstop the U.S. economy. The Federal...