Central banking

FILE - In this March 3, 2020 file photo, Federal Reserve Chair Jerome Powell speaks during a news conference to discuss an announcement from the Federal Open Market Committee, in Washington. The Federal Reserve said Friday, April 24, it had $85.8 billion in loans outstanding last week in three of the programs it rolled out last month to protect the economy during the coronavirus pandemic.   (AP Photo/Jacquelyn Martin, File)
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April 29, 2020 - 5:05 pm
WASHINGTON (AP) — The Federal Reserve signaled Wednesday that it will keep its key short-term interest rate near zero for the foreseeable future as part of its extraordinary efforts to bolster an economy that is sinking into its worst crisis since the 1930s. Chairman Jerome Powell noted the gravity...
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A currency trader stretches at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, April 27, 2020. Asian stock markets have gained after Japan's central bank promised to buy more government bonds to support financial markets as investors look to central bankers to shore up the struggling global economy. (AP Photo/Ahn Young-joon)
April 27, 2020 - 3:57 pm
With governments making moves toward letting businesses reopen, stocks rallied worldwide on Monday to kick off a busy week for markets. From Rome, Georgia, to Rome, Italy, companies are watching as politicians detail plans to ease up on restrictions that were meant to slow the coronavirus pandemic...
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A station passageway is crowded with commuters wearing face mask during a rush hour in Tokyo Monday, April 27, 2020. Japan's Prime Minister Shinzo Abe expanded a state of emergency to all of Japan from just Tokyo and other urban areas as the virus continues to spread. (AP Photo/Eugene Hoshiko)
April 26, 2020 - 11:03 pm
TOKYO (AP) — Japan’s central bank is making it easier for cash-strapped companies to get funding in response to the growing economic devastation from the coronavirus pandemic. The Bank of Japan decided at a meeting Monday to ease monetary policy, including expanding the purchase of commercial...
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Plastic gloves lays on the ground in Paris, Friday, April 10, 2020, during a nationwide confinement to counter the new coronavirus. For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. (AP Photo/Michel Euler)
April 10, 2020 - 10:20 am
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to the global economy, the work place and the spread of the virus. ________________________ CONSUMER DURESS: The consumer drives about 70% of all economic...
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FILE - In this March 25, 2020 file photo, a closed sign hangs in the window of a shop in Portsmouth, N.H., due to caronavirus concerns. The Federal Reserve is taking additional steps to provide up to $2.3 trillion in loans to suport American households and businesses as well as local governments as they deal with the coronavirus. The Fed said Thursday, April 9, among the actions it is taking is the activation of a Main Street Lending Program that was authorized by the $2.3 trillion economic relief bill pass by Congress last month. (AP Photo/Charles Krupa, File)
April 09, 2020 - 2:05 pm
WASHINGTON (AP) — The Federal Reserve unleashed a new series of moves Thursday to try to make loans available to states, localities and companies that have been hard hit by the coronavirus. In doing so, the Fed will pump an additional $2.3 trillion into the U.S. economy. The central bank, in part,...
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In this photo taken from video provided by the New York Stock Exchange, Chief Security Officer Kevin Fitzgibbons rings the opening bell at the NYSE, while recognizing Randy Timmons in Albany, Ga., and thousands of employees of the Proctor & Gamble Company, Thursday, April 9, 2020. (New York Stock Exchange via AP)
April 09, 2020 - 9:56 am
NEW YORK (AP) — Stocks rose in morning trading on Wall Street Thursday after the Federal Reserve launched its latest unprecedented effort to support the economy through the coronavirus outbreak. The central bank undertook actions to provide up to $2.3 trillion in loans to households, local...
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April 08, 2020 - 2:31 pm
WASHINGTON (AP) — Federal Reserve officials pledged at two emergency meetings last month to use their full arsenal to bolster the U.S. economy being brought to its knees by the coronavirus outbreak. Minutes of the two meetings released Wednesday show that Fed officials were alarmed at the impact...
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The quarantined Italian cruise ship Aidadiva that is hit by coronavirus and is docked in Skagen harbour at the most northern point in Denmark, Monday April 6, 2020. Authorities have said that the ship is set to stay for a month at the port, and the hundreds of crew members are kept isolated and cannot disembark from the ship. (Henning Bagger/Ritzau Scanpix via AP)
April 06, 2020 - 6:04 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Monday related to the global economy, the work place and the spread of the virus. _____________ CENTRAL BANKS AND GOVERNMENT: The White House is considering coronavirus “war...
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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. In a series of sweeping steps, the U.S. Federal Reserve will lend to small and large businesses and local governments as well as extend its bond buying programs. The announcement Monday, March 23 is part of the Fed's ongoing efforts to support the flow of credit through an economy ravaged by the viral outbreak. (AP Photo/Jacquelyn Martin, File)
March 31, 2020 - 8:48 am
WASHINGTON (AP) — The Federal Reserve is intervening once again to try to smooth out the world's lending markets, this time by lending dollars to other central banks in exchange for Treasurys. The Fed's move Tuesday marks its latest aggressive effort to keep borrowing rates down and ensure that...
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An employee of a bank wearing a face mask watches the computer monitors at the foreign exchange dealing room in Seoul, South Korea, Tuesday, March 31, 2020. Asian shares surged Tuesday after a rally in U.S. stocks, mostly spurred by health care companies' announcements of developments that could aid in the coronavirus outbreak. (AP Photo/Lee Jin-man)
March 30, 2020 - 10:36 pm
TOKYO (AP) — Asian shares surged Tuesday after a rally in U.S. stocks, mostly spurred by health care companies' announcements of developments that could aid in the coronavirus outbreak. Japan's benchmark Nikkei 225 rose 0.8% in morning trading to 19,243.91. Australia's S&P/ASX 200 added 2.0% to...
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