Aug.06 — Randall Kroszner, deputy dean at the University of Chicago Booth School of Business and former Federal Reserve governor, says an expedited U.S. bankruptcy procedure would put distressed firms in a “better position both for the workers who can remain and for the the holders of the debt.” He speaks on “Bloomberg Markets.”
Jul.31 — Larry Summers, former U.S. Treasury Secretary, warns that the U.S. will suffer terrible withdrawal symptoms when stimulus measures run out. He worries about the Federal Reserve’s intervention in corporate bond markets. He is a “Bloomberg Wall Street Week” special contributor and joins David Westin exclusively.
The U.S. Federal Reserve sees a gloomy economic outlook as the coronavirus continues to spread. It says economic activity in the country is still “well below” pre-pandemic levels and interest rates will remain unchanged at near zero levels. Giles Gibson has more from Washington. Subscribe to us on YouTube: https://goo.gl/lP12gA Download our APP on Apple … Read more U.S. Fed chief: Economy “well below” pre-pandemic levels
The Federal Reserve expressed concern Wednesday that the viral outbreak will act as a drag on the economy and hiring in the coming months and said it plans to keep its benchmark short-term interest rate pegged near zero. In a statement at the end of its policy-making meeting Wednesday, the Fed acknowledged that the economy … Read more Fed Sees Dim Outlook as Coronavirus Squeezes U.S. Economy
Federal Reserve Chairman Jerome Powell on Wednesday repeated his pledge to use a “full range of tools” to support the U.S. economy and keep interest rates near zero for as long as it takes to recover from the fallout from the coronavirus outbreak, saying the economic path will depend significantly on the course of the … Read more Powell: Virus resurgence harming recovery