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Fed to stick to super-easy policy amid economic ‘lull’
The Federal Reserve has no plans to dial back its super-easy policy even as the incoming Biden administration lobbies for a new and massive round of stimulus that sets the economy up for faster growth once vaccines are fully rolled out.
Boston Fed Bank President Eric Rosengren on Friday was the latest to join the chorus at the U.S. central bank calling for continued support for the economy, saying on Friday he welcomes President-elect Joe Biden’s proposed $1.9 trillion stimulus package.
“It is a big package but I think it’s appropriate,” Rosengren told CNBC in an interview.
The Federal Reserve has no plans to dial back its super-easy policy even as the incoming Biden administration lobbies for a new and massive round of stimulus that sets the economy up for faster growth once vaccines are fully rolled out. Boston Fed Bank President Eric Rosengren on Friday was the latest to join the chorus at the US central bank calling for continued support for the economy, saying on Friday he welcomes President-elect Joe Biden s proposed $1.9 trillion stimulus package. It is a big package but I think it s appropriate, Rosengren told CNBC in an interview. The economy is in a lull right now, he said, citing a decline in jobs in December and a still-high unemployment rate of 6.7%.
Two injured in shooting near George Floyd memorial in Minneapolis 940wfaw.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 940wfaw.com Daily Mail and Mail on Sunday newspapers.
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A man and a woman suffered non-life-threatening bullet wounds, police said.
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George Floyd’s death, 6 months later
After George Floyd died in police custody in May, millions of Americans have taken to the streets to protest systemic racism. Stephen Maturen/Getty Images
A man and a woman were reportedly shot Sunday night near a memorial in Minneapolis for George Floyd, the 46-year-old Black man whose death this year at the hands of police set off nationwide protests.
Officers responded to a report of a shooting at 8:42 p.m. near the intersection of 38th Street and Chicago Avenue South in Minneapolis, police department spokesman John Elder said in a statement to ABC News. The intersection is near where a police officer was video recorded kneeling on Floyd s neck.