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Do you think its important that congress extend the relief of extra Unemployment Benefits . I think we try to keep our comments on fiscal policy at a high level. Ill come to your specific question but i would just say this. This is the biggest economic shock in the u. S. And in the world, really, in living memory. We went from the lowest level of unemployment in 50 years to the highest level in close to 90 years and we did it in two months. Extraordinary. And appropriately, the response from fiscal authorities has been large, forceful and very quick by the standards of these things. Roughly 3 ...

Reporter through 2022 the Federal Reserve keeping rates near the zero mark. Gdp growth for the fed shows a loss of 6 1 2 this year but bouncing back 5 1 2 growth for inflation. Fed predicts inflation under 1 1 2 for the year 2020. Not reaching 2 target goal for the end of 2022. For the Federal Reserve, federal federal funds rate going nowhere. Listen. Were not thinking about raising rates. Were not even thinking about thinking about raising rates. Were providing for the r support for the economy. We think this will take time. Reporter Federal Reserve chairman Jerome Powell says their goal is t...

Order to support Economic Growth following the coronavirus pandemic. This News Conference runs an hour. Good afternoon everyone. Thank you for joining us. Our country continues to face a difficult and challenging time as a pandemic is causing tremendous hardship in the United States and around the world. People have lost loved ones and many millions have lost their jobs and there is great uncertainty about the future. At the Federal Reserve we are strongly committed to using our tools to do whatever we can and for as long as it takes to provide some relief instability to ensure the recovery wi...

Damage the coronavirus crisis, he says, raises those longterm concerns that he was talking about. The u. S. Response to that point he says has been swift and forceful the fed has acted with unprecedented speed and force. He cites a survey that shows in the month of march, 40 of households making less than 40,000 has lost a job carl lets get to the webcast. Here is the fed chair. Its very hard to imagine we could have anyone better than jay powell thank you for coming back to the Peterson Institute, chairman powell thanks very much, adam. Its great to be back. I have some brief remarks and then...

Congressman Roger Williams. As the nation prepares to unwind the lockdown what do we need to know to prevent a second wave . All that, so much more on making money. Charles all right, folks, the market i think holding up pretty nicely considering everything. It has been making a stand all session long. Just here over the last hour or so, actually trying to rally on news that germany now will infact be coming back online beginning april 20th. But even before this mornings spate of earnings misses, terrible economic data, the market was indicating it would be a tough session. All night long the ...