Powell said that government support has so far prevented a recessionary “downward spiral.”

That’s a message that might be reassuring, depending on how the pandemic has treated you, or your business.

The moves are occurring against the backdrop of an improving yet still weak economy.

Senators brought up issues they’ve seen with the government’s small business loan program.

It may take until the end of 2021 for the economy to recover, Jerome Powell said Sunday.

Powell cautioned that numerous bankruptcies among small businesses and extended unemployment for many people remain a serious risk.

The Fed’s cut to its short-term, emergency loan rate is meant to keep credit flowing to households and businesses.

The Fed’s annual Economic Policy Symposium is like the Academy Awards for a certain type of economist.

A global economic meltdown caused the last rate cuts. Today, the economy is far from that point.

How exactly do interest rates affect us? And just why is the Fed expected to cut them? We’ve got you covered.