Federal Reserve officials are set to discuss next week how to provide more economic stimulus, though they have signaled comfort leaving policy on hold until they learn more about how the coronavirus pandemic is weighing on the U.S. economy.
New policy isn’t expected at the July 28-29 meeting, but officials are working to forge conclusions on a key strategy change
Economists have long used letters of the alphabet like V and U to describe economic recoveries. But the coronavirus downturn is so different from past recessions that economists are coming up with new shapes to describe the potential recovery. WSJ explains. Illustration: Jacob Reynolds
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Low Fed rates, flight to the suburbs set to boost U.S. homebuildersU.S. homebuilders are expected to report a sharp rebound in sales and orders for the second quarter as record-low mortgage rates and the working-from-home changes brought on by the coronavirus encourage more Americans to move to less crowded suburbs.
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Senate panel approves Trump's questionable Fed nomineeThe Senate Banking Committee approves President Trump's choice of Judy Shelton for the Federal Reserve board on a party-line vote, overcoming widespread questions about her qualifications for the Fed.
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U.S. Senate panel set to advance Trump Fed nominee Shelton, backer of gold standardA second nominee to the Fed Board, St. Louis Federal Reserve bank research director Christopher Waller, is also expected to win the panel&39;s support. Shelton, a conservative economist who has argued the nation would be better off returning to the gold standard and as recently as 2017 criticized the
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Fed, Walmart share the push to #maskupAsk a Federal Reserve official what is the most important step needed to get the economy on track from the body blow dealt by the coronavirus pandemic, and you will likely get a short and fast answer: Wear a mask.
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