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

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......»»

The S&P 500 and Dow Jones fell shortly after the open on Wednesday as Federal Reserve Chairman Jerome Powell warned of a prolonged recession due to the coronavirus and dispelled speculation over negative interest rates......»»

Getty We'll keep this page updated wi.....»»

As Fed Recoils From NIRP Trump Says US Shou.....»»

Trump Resisted Pressuring China To Be More "Transparent" About Coronavirus Outbrea.....»»

The S&P 500 and the Dow fell on Wednesday after U.S. President Donald Trump cast doubt on a trade deal with China and data showed U.S. private employers laid off 20 million workers in April, underscoring the economic fallout of the coronavirus outbreak......»»

Houston-based food distribution giant Sysco Corp. (NYSE: SYY) has laid off and furloughed more workers. The Houston Chronicle reported this round of job cuts include employees at its corporate office in Houston. “Social distancing measures implem.....»»

U.S. stocks surged on Wednesday as hopes for an effective COVID-19 treatment prompted a broad rally and helped investors shrug off bleak GDP data and words of warning from U.S. Federal Reserve Chair Jerome Powell......»»

U.S. stocks surged on Wednesday as hopes for an effective COVID-19 treatment prompted a broad rally and helped investors shrug off bleak GDP data and words of warning from U.S. Federal Reserve Chair Jerome Powell. Yahaira Jacquez reports......»»

Reuters The Federal Reserve left interest rates untouched and near zero Wednesday amid coronavirus pandemic. "It may well be the case that the economy will need more support from all of us if the recovery is to be a robust one," Fed Chair Jerome Po.....»»

Fed holds key interest rate near zero, vow further.....»»

Oil prices jumped again on Thursday as the Street hopes for ongoing production cuts in the face of a coronavirus-induced demand loss......»»

Oil prices jumped again on Thursday as the Street hopes for ongoing production cuts in the face of a coronavirus-induced demand loss......»»

Oil services company TechnipFMC said on Wednesday it would slash the salaries of executives and retainers paid to company directors by 30%, after cutting its dividend by 75% in search of savings to cushion the impact of the novel coronavirus outbreak......»»

Rates of death in the groups treated with the drugs were worse than for those who received no treatment, and rates of patients on ventilators were similar, the study found......»»

President Donald Trump said Monday night he’s hopeful for a Senate vote Tuesday on a deal that would replenish a loan program for small businesses devastated by the coronavirus, as he cited “tremendous progress” in negotiations......»»

U.S. President Donald Trump said on Monday he hoped negotiators in Congress would reach a deal to provide more aid for small businesses hurt by the coronavirus pandemic, with a vote possible in the Senate on Tuesday......»»

U.S. Democrats and Republicans are near agreement on approving extra money to help small businesses hurt by the coronavirus pandemic and could seal a deal as early as Monday, President Donald Trump said, despite hopes for a deal on Sunday......»»

U.S. Navy/Chief Mass Communication Specialist Barry Riley/Handout via Reuters The Trump administration has rolled back food and health programs under the guise of reducing costs. The coronavirus pandemic exp.....»»

U.S. stocks rose on Friday and also posted gains for the week, boosted by a surge in Boeing shares, President Donald Trump's plan to reopen the coronavirus-battered economy and hopes of a potential drug by Gilead to treat COVID-19......»»