Labor Department reports for April and May have been disappointing relative to forecaster expectations.
Central banks are pursuing digital currencies to make cross-border payments more efficient.
A Fed survey found that more consumers are apt to spend or donate increases in income than before the pandemic.
U.S. households in November expected their spending to rise 3.7% over the next 12 months.
Central bankers acknowledged that more fiscal and monetary stimulus may be required.
The Fed chairman said providing too much stimulus wouldn’t be a problem.
The blow to the economy from the coronavirus pandemic has depressed the outlook for inflation.
The Chicago Fed president said the U.S. central bank could raise rates and still have an accommodative setting of monetary policy.
Fed Chair Jerome Powell said Wednesday he believes more fiscal support will be needed.
Without additional spending, the U.S. may not be able to sustain its economic recovery.
Please log back in before proceeding.
There was an error logging in. Please try again.
Congrats! You are now logged in. Your exam is being submitted.
