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Fed's Mester Sees A Recovery Or A 'much More Dire' Scenario As Equally Possible

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Mester echoed Chairman Jerome Powell's mostly pessimistic view on the economy, telling CNBC on Wednesday that while grow... Read more

Watch Live: House Coronavirus Subcommittee To Hold A Briefing On Reopening US Economy

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The House subcommittee tasked with overseeing the country's coronavirus response is scheduled to hold its first briefing... Read more

WHO Officials Warn Of 'vicious Cycle' Of Economic And Health Disasters If Coronavirus Restrictions Are Lifted Too Quickly

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"The worst thing that could happen," economically, is that a country reopens and then has to shut down again to respond ... Read more

New York Has Paid $7.4 Billion In Unemployment Claims To Roughly 1.7 Million Residents, Officials Say

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Roughly 1.8 million residents struggling with unemployment due to the coronavirus pandemic have filed claims, roughly si... Read more

Powell Says More Policy Help May Be Needed To Pull The US Out Of Economic Downturn

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Powell noted the unprecedented strength of fiscal and monetary measures already taken but stressed the need to make sure... Read more

Powell Says The Federal Reserve Is Not Considering Negative Interest Rates

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"I know there are fans of the policy, but for now it's not something that we're considering," the central bank chief sai... Read more

Watch Fed Chairman Jerome Powell Speak Live On The Economy

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The focus of the speech is on the economy and the damage done during the coronavirus crisis. Read more

US Producer Prices Tumble In April

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U.S. producer prices fell more than expected in April, leading to the largest annual decline since 2015. Read more

UK Economy Shrinks On Coronavirus

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Britain has seen more than 32,000 deaths in the outbreak. Read more

After Trying For A Decade, Central Banks Might Succeed At Generating Inflation

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"The forces that will bring about inflation are aligning," Chetan Ahya, chief Asia economist at Morgan Stanley, said in ... Read more

Virus Drives Down Toyota Profit Forecasts

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Carmakers around the world have suffered as the pandemic slams the global economy into reverse. Read more

Tudor Jones Says This Will Be The 'Second Depression' If We Remain In Lockdown In A Year

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Hedge fund investor Paul Tudor Jones said the country may have trouble following contact tracing and other methods used ... Read more

US Risking A Second Wave And A Depression, Mark Zandi Warns

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Mark Zandi of Moody's Analytics' worries businesses may reopen too soon and create another spike in coronavirus cases. Read more

Fear And Desperation On Main Street As Small Businesses Struggle To Survive Despite PPP And Other Federal Loan Programs

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Millions of small business owners have not received government loans under the CARES Act. Many are bootstrapping, crowdf... Read more

Mnuchin Says Jobless Numbers Will 'get Worse Before They Get Better' — Unemployment May Have Hit 25%

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"The reported numbers are probably going to get worse before they get better," Mnuchin said. Read more