The Treasury secretary denies his decision to de-fund emergency COVID-19 programs is aimed at sabotaging the US economy for the next administration.

Asian and European markets dropped on Thursday following Federal Reserve's warning of "uncertain" outlook for the US economy.

The US central bank has shifted policy and now will let inflation rise to allow the economy to produce more jobs for the benefit of all workers, but especially lower income families, Federal Reserve Chair Jerome Powell has said.

The Federal Reserve’s staff said in late July they were lowering their estimate for economic growth over the second half of the year.

US Federal Reserve Chairman Jay Powell says that the coronavirus pandemic has been “the biggest shock to the US economy.”

The US Federal Reserve has warned that millions of Americans may never get their jobs back amid the coronaivurs pandemic.

The US is facing a severe economic downturn amid the global pandemic, Federal Reserve Chair Jerome Powell said Sunday.

US Federal Reserve Chair Jerome Powell warns during a press conference that the coronavirus pandemic "poses considerable risks" to the US economy and says that now is "not the time" to worry about deficits. 

The former Federal Reserve Chair warns US economy is going to suffer a "devastating hit" due to the novel coronavirus-induced lockdown, shrinking the economy by at least 30 percent.

Faced with a growing economic shutdown from the global new coronavirus pandemic, the US Federal Reserve announces drastic emergency measures.