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The Atlanta Fed President is concerned about the uneven economic recovery

John Stoltzfus, Chief Investment Strategist at Oppenheimer Asset Management, joins the Barron’s Roundtable. Raphael Bostic, president of the US Federal Reserve in Atlanta, said Sunday he was “concerned” that the road to recovery from the coronavirus pandemic could be bumpy for various sectors of the US economy. Although Bostic acknowledged that the US is “recovering and recovering in a very …

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How Mormons fed up with Trump could help pick up Biden in Arizona

LDS Democrats leader Rob Taber has been campaigning for Latter-day Saints for the Democratic Party since 2012 when Mitt Romney, perhaps the world’s most famous member, was the Republican nominee. Stay informed about the 2020 election He said his job had gotten a lot easier in the past few years. He understands how isolating it can be for members of …

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Wall Street firms see the Fed cut bond purchases starting next year

FILE PHOTO: A street sign, Wall Street, is seen in front of the New York Stock Exchange (NYSE) in New York City, New York, the United States, January 3, 2019. REUTERS / Shannon Stapleton SAN FRANCISCO (Reuters) – Wall Street companies predict the Federal Reserve will begin scaling back its bond purchases next year and fully phasing them out by …

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Fed Chairman Jay Powell urges further impetus and warns of economic “downward spiral”

Strong financial support from the government and the Federal Reserve has helped the economy recover from the pandemic recession, but the recovery could stall without further help, Fed Chairman Jerome Powell warned Tuesday. “Too little support would lead to a weak recovery and create unnecessary difficulties for households and businesses,” Powell said in a speech at an economic conference. Too …

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Astronomers discover a supermassive black hole fed by six galaxies

Half a dozen galaxies entangled in the gravitational web of a supermassive black hole less than a billion years after the Big Bang have been discovered by astronomers. Researchers at the Italian National Institute for Astrophysics (INAF) say this is the first time such a close grouping has been observed so soon after the universe began. Black holes are thought …

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Fed caps dividends from big banks and halts share buybacks in fourth quarter

WASHINGTON – Major U.S. banks will face dividend and share buyback restrictions for another three months, the Federal Reserve said Wednesday, citing the need to save capital during the coronavirus-induced downturn. The Fed announced that it would maintain bans on share buybacks and a cap on dividend payments from 33 banks with assets of more than $ 100 billion through …

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The Fed opens a civil rights investigation into a Kansas teenager who was killed by police during the wellness check

Federal authorities have opened a civil rights investigation into the police fatal shooting of a Kansas teenager who was withdrawing from the family’s garage when an officer – responding to a call for a wellness check – fired 13 times. The FBI will “gather all available facts and evidence and ensure that the investigation is conducted in a fair, thorough …

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Fed Powell said the central bank has pledged to use all tools to support the recovery

FILE PHOTO: Federal Reserve Chairman Jerome Powell speaks to reporters after the Federal Reserve cut interest rates during a news conference March 3, 2020 in Washington, United States, to keep the world’s largest economy from the effects of the coronavirus to protect REUTERS / Kevin Lamarque (Reuters) – The Federal Reserve remains committed to using whatever tools it has to …

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