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Sunday, March 29, 2020  Spokane, Washington  Est. May 19, 1883
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Stories tagged: federal reserve


Fed report shows economy stabilizing in some regions

WASHINGTON – In another small but important sign of improvement in the battered U.S. economy, almost half of the Federal Reserve’s 12 districts reported Wednesday that economic deterioration had moderated …


Danger of worsening recession drove Fed action

Faced with the danger of a worsening recession, Federal Reserve policymakers at their March meeting took the bold step of plowing $1.2 trillion into the economy to drive down interest …


Fed to buy up to $300B long-term Treasury bonds

The Federal Reserve announced Wednesday it will spend up to $300 billion over the next six months to buy long-term government bonds, a new step aimed at lifting the country …


Plan unveiled to boost lending

WASHINGTON – Hoping to vault over the frozen credit markets and directly reach consumers and businesses, the Federal Reserve and Treasury Department on Tuesday unveiled a $200 billion plan they …


Fed says economy will continue to worsen in 2009

WASHINGTON – The Federal Reserve warned Wednesday that the nation’s crippled economy is even worse than thought and predicted it would deteriorate throughout 2009, with no sign that the housing …


Fed says banks still being tight with credit

WASHINGTON – Many banks have made it harder for borrowers to obtain all kinds of loans over the past three months despite a $700 billion federal bailout program and a …


Fed ready to do more

WASHINGTON – The Federal Reserve signaled Wednesday that it stands ready to use new unconventional tools, or expand existing ones, to spur lending and consumer spending that could help lift …


Fed pledges to use all tools to help economy

The Federal Reserve, acknowledging the economy has continued to deteriorate, signaled Wednesday that it will keep using unconventional tools to cushion the fallout, including keeping a key interest rate at …


Fed in uncharted waters, eyes new tools

With the country reeling from a recession, Federal Reserve policymakers are weighing what other tools they can use to brace the economy.


Fed expected to keep rates at record lows

Federal Reserve policymakers are gathering to examine what other tools they can use to help ease a recession that has left millions of Americans out of work.


Fed officials encourage bailout program overhaul

WASHINGTON – Top officials of the Federal Reserve Tuesday pushed for more money and a revamped approach to the rescue of the financial system, arguing that tax cuts and a …


Fed drops benchmark rate to near zero

WASHINGTON – The Federal Reserve, urgently rewriting its playbook to fight a deepening recession, cut its benchmark interest rate to as low as zero Tuesday, a surprisingly strong step that …


Fed cuts target for key rate to record low

WASHINGTON — The Federal Reserve has cut its target for a key interest rate to the lowest level on record and pledged to use “all available tools” to combat a …