Trump Admin Considering Tax Cuts, Pressuring Powell To Cut Rates In Hopes Of Containing Coronavirus Fallout

Options being discussed internally include a payroll tax cut and calling on the Federal Reserve to cut interest rates......»»

Kevin Lamarque/Reuters The White House has put hopes for lower interest rates at the center of its efforts to combat the economic fallout from the coronavirus.  Key advisers w.....»»

Trump touts an economic recovery, a stronger dollar and his hopes for negative interest rates......»»

With borrowing rates this low, the U.S. government should borrow and build to combat the novel coronavirus. With borrowing rates this low, the U.S. government should borrow and build to combat the novel coronavirus......»»

Wall Street recovered nicely from the beating it took the day before as hopes of government stimulus calmed investors' fears surrounding the economic fallout from the coronavirus outbreak. Conway G. Gittens has the details......»»

Wall Street is sending a message to Trump, Congress that Federal Reserve rate cuts are not enough to handle the coronavirus fallout......»»

SAUL LOEB/AFP/Getty Images President Trump pressured Fed Chair Jerome Powell to slash US interest rates after Australia's central bank cut its rate to a record low of 0.5% on Tuesday. "Should ease and cut rate big," Trump tweeted, adding that Powell ha.....»»

Oil prices inched up on Monday as concerns over the economic fallout from the coronavirus outbreak in China were offset by expectations that potential production cuts from major producers could tighten global crude supply......»»

This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news......»»

Federal Reserve Chairman Jerome Powell said Friday that President Donald Trump's trade wars have complicated the Fed's ability to set interest rate policies but offered no clear signal about further interest rate cuts. .....»»

The Federal Reserve will "act as appropriate" to keep the U.S. economy healthy, Fed Chair Jerome Powell said on Friday, remarks that did not say how fast it might cut interest rates, drawing fire from President Donald Trump......»»

Federal Reserve Chairman Jerome Powell on Tuesday said the U.S. central bank is "insulated from short-term political pressures," and that its policymakers are wrestling with whether to cut interest rates as President Donald Trump has demanded......»»

A surfeit of promising trade headlines, combined with Jerome Powell's suggestion that the central bank would step in to backstop the market by cutting rates if the trade war fallout.....»»

Federal Reserve Chairman Jerome Powell was clear in new remarks Tuesday that the central bank has no intention of cutting rates until the U.S. makes sustained progress in bringing down inflation. The Fed chief.....»»

Here's a wild prediction for the rest of 2024........»»

While he was in office, Trump pressured Fed Chair Powell against raising interest rates - the central bank traditionally op.....»»

Wall Street surged on Thursday as investors weighed the prospect of economic recovery against bellicose remarks from President Donald Trump regarding U.S.-China trade and a whistleblower's dire warnings about the U.S. response to the coronavirus pandemic......»»

One Thursday morning seven weeks ago, Federal Reserve Chair Jerome Powell made a rare appearance on NBC's "Today Show" to offer a reassuring message to Americans dealing with economic fallout from measures to contain the coronavirus outbreak......»»

President.....»»

The head of the Federal Reserve warned on Wednesday of an "extended period" of weak economic growth, vowed to use the U.S. central bank's power as needed, and called for additional fiscal spending to stem the fallout from the coronavirus pandemic......»»