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Fed s Quarles signals he is open to talks on bond program

A top Federal Reserve official signaled on Wednesday he was ready to open talks on reducing some of the U.S. central bank's emergency support for the economy, even if only to clarify the Fed's plans as the economy roars ahead and prices rise.

Pandemic s financial burden fell hardest on less-educated Americans, Fed survey shows

Publishing date: May 17, 2021  •  2 hours ago  •  3 minute read  •  Article content The coronavirus pandemic had a more devastating impact on Americans with lower levels of education and those least equipped financially to handle such a blow, according to a report released on Monday by the Federal Reserve. The financial chasm between adults with a bachelor’s degree and those with less than a high school degree widened during the pandemic, which caused job losses that disproportionately affected low-wage workers, according to the U.S. central bank’s annual Survey of Household Economics and Decisionmaking. We apologize, but this video has failed to load.

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