Economic

The global economy is recovering from the coronavirus pandemic faster than previously expected, largely thanks to the strength of the United States. However, the International Monetary Fund warned Tuesday that major challenges remain as…

Federal Reserve Chairman Jerome Powell prepares for a House Financial Services Committee hearing on "Monitoring the Treasury and Federal Reserve's Pandemic Response" at the Rayburn House Office Building in Washington, DC on December 2nd…

Federal Reserve chief Jerome H. Powell will tell lawmakers Tuesday that the economy is recovering. While many workers and businesses continue to suffer, the aggressive response from the Central Bank, Congress and the White House has helped…

Federal Reserve officials on Wednesday signaled that they are in no hurry to recall support for a pandemic-damaged economy and released new forecasts showing the central bank's key interest rate will be held near zero for years to come -…

The Federal Reserve released a series of new forecasts on Wednesday that show the base rate will be close to zero for the coming years, although growth is expected to pick up significantly in the near future.The Fed cut its base rate -…

Here’s what you need to know:Jerome Powell, the chair of the Federal Reserve, at a press conference in January 2020, just before the coronavirus pandemic struck the American economy.Credit...Mandel Ngan/Agence France-Presse — Getty…

SINGAPORE - Asia's economic recovery could slow as more countries stop using the Covid-19 vaccine developed by AstraZeneca and Oxford University, Moody's Analytics chief Asia-Pacific economist warned."It slightly increases the risk Asia is…

Here’s what you need to know:Diners at a Minneapolis restaurant. Business restrictions across the country have begun to lift and vaccinations have picked up, fueling hopes of an economic resurgence.Credit...Liam Doyle for The New York…

BEIJING - A year after China was hit by the coronavirus, the government on Friday promised a robust return to economic growth of "over 6 percent," a signal that China is ready to do whatever it takes to keep the world's second largest…

Federal Reserve chairman Jerome Powell said Thursday that he expects some inflationary pressures in the coming period, but that it is unlikely to be enough to stimulate the central bank to hike rates."We expect inflation to rise once the…