MONETARY policy could be tighter than it looks as the pace of government borrowing eclipses the record stimulus of central banks.

[NEW YORK] The Federal Reserve bought US$305 million of exchange-traded funds (ETF) on the first day of its historic intervention into US corporate debt markets, according to data published...

CURRENCIES

THE US dollar strengthened towards a three-week high on Thursday as stock markets weakened broadly after Federal Reserve chairman Jerome Powell dismissed speculation about negative interest rates...

[WASHINGTON] Federal Reserve Chairman Jerome Powell, in a sober review of where the US economy stands on the cusp of its reopening, said on Wednesday the country could face an "extended period" of...

MILLIONS of coronavirus-idled American workers are now at home with little more than hand-wringing anxiety about where their next pay cheque will come from. They are Jerome Powell's biggest worry...

[WASHINGTON] American households added US$155 billion of debt in the first quarter and overall debt levels rose to a new record at US$14.30 trillion, the Federal Reserve Bank of New York said on...

[WASHINGTON] The US Federal Reserve said on Thursday it is expanding its business loan programme to reach more firms as companies struggle to weather the impact of the coronavirus shutdowns.

VIRUS OUTBREAK

US FEDERAL Reserve chairman Jerome Powell voiced concern that the novel coronavirus crisis could leave permanent scars on the US economy and said policymakers of all stripes needed to do more to...

[WASHINGTON] The Federal Reserve is expanding the scope of its Main Street Lending Programme to help more borrowers become eligible, as it seeks to keep credit flowing to the US economy during the...

[WASHINGTON] The coronavirus pandemic ended a decade of US economic expansion, but the Federal Reserve pledged Wednesday to use every tool it has to help fuel recovery.