Welcome, Guest: Join Kenyans247 Log In!

Stats: 332 Members, 17,357 topics and 65 posts Date:  Sunday 17 October 2021 at 09:36 AM
Popular & Trending NewestFeatured Links ClassifiedDirectoryLivescoresLive Kenyan TVLive Kenyan Radio Follow Us Like Us

About Us Terms & Conditions Privacy Policy FAQ's Disclaimer Copyright Contact Us Advertise With Us Download K247 APP Marketplace Moderator Policy We Are Hiring Kenya Radio and TV Stations Listen and Watch Live Letter From the C.E.O Kenya Radio Stations Live Kenya TV Stations Live Kenya - Newspapers and News Sites and popular blog Forum Rules

US election uncertainty turns focus on Fed

Kenyans247 / Kenyans247 / General / International Forum / US election uncertainty turns focus on Fed

85 people viewed

Us Election: Where Does The Race Stand? Us Election 2020 Results Live: Biden Wins Presidency, Defeating Trump How Can I Join Illuminati In Europe, Asia, Africa North, America, South, America, Antarctica, Australia. ( Https://www.illuminattiofficial.com/ ) Email: Iluminatiofficialcouncilusa@gmail.com What Is Illuminati All About? Illuminati Is An Elite Organization Of World Leaders, Business Authorities, Innovators, Artists, And Other Influential Members Of This Planet. Our Coalition Unites Influencers Of All Political, Religious, And Geographical Backgrounds To Further The Prosperity Of The Human Species As A Whole. :( Https://www.illuminattiofficial.com/the-illuminatis-purpose/index.html ) Can Anyone Join Illuminati? Illuminati Is Not A Church But An Organization Unlike Any Other Organization It Is Open For All Who Meet The Qualification, Indiscriminate Of Origin, Dhttps://www.illuminattiofficial.com/illuminatiam/ Index.html) Omain, Race, Background, Denomination, Country Or Sex. (can I Join Illuminati For Free Worldwide? : ( Https://www.illuminattiofficial.com/contact-us/index.html ) What Ar Israel Razes Most Of Palestinian Bedouin Village In West Bank On Us Electionday
(Go Down) (» Reply topic)
US election uncertainty turns focus on Fed by Kenyans247(1): Thu 05, November, 2020 03:00pm
With America's knife-edge election yet to be called, and the Covid-19 pandemic surging across the nation, analysts will be watching the Federal Reserve on Thursday for signs of whether it may step in again to help the US economy survive the coronavirus downturn.

No victor has emerged yet following Tuesday's vote that pitted President Donald Trump against his challenger Joe Biden, which analysts hoped would also break the months-long deadlock in Washington over passing more stimulus to help the US economy recover from the pandemic.
The Fed's rate-setting Federal Open Market Committee (FOMC) is unlikely to offer much in the way of specifics in its statement at the end of its two-day policy meeting on Thursday, besides repeating its commitment to keep the benchmark borrowing rate at zero for the foreseeable future.

But Fed Chair Jerome Powell could take the opportunity at his press conference following the meeting to signal a willingness to find new tools to help the economy, after the bank earlier this year pumped trillions of dollars of liquidity into the financial system and cut the lending rate.

The central bank chief has been increasingly vocal in his calls for Washington to spend more to help support the recovery after most provisions of a massive stimulus measure passed in March expired.

However Congress failed to reach an agreement on a new spending bill before the election, and poll results thus far show Biden with a better chance of winning the presidency than Trump, while Republicans will likely keep control of the Senate and Democrats the House.

"A split Congress will likely lead to a less-than-robust next round of household and business welfare payments and that, too, could weigh on the recovery," economist Joel Naroff said.

Republican Senate Majority Leader Mitch McConnell, who won re-election, said Wednesday he wants to quickly approve new legislation in the "lame duck" session marking the final weeks of the current Congress, but in the past he has favoured only limited spending programs.

Weaker recovery
The world's largest economy posted a solid rebound over the summer after Congress approved a $2.2 trillion stimulus package, but key provisions, including additional unemployment benefits and grants for businesses, have expired and recent data have shown hiring gains and other activity are slowing.

"The worry is that the Covid recession could suffer another leg down in the fourth quarter," economist Diane Swonk of Grant Thornton said.

The Fed has pumped trillions of dollars in liquidity into financial markets and provided lending backstops to ensure corporations have access to funding, as well as rolled out loans for small- and medium-sized businesses -- although that program has made only 400 loans so far.

Powell has said the Fed has more tools at its disposal, though whether those would have the same efficacy as a fiscal package is unclear.

The central bank could increase ongoing purchases of government and private debt, and potentially create a financing vehicle for state and local governments which face intense budget pressures.

Meanwhile, as Trump launches multiple legal challenges against states where vote margins are tight, the uncertainty over the final outcome also could have a dampening effect on the economy.

0 Shares 0 Like •

(» Go Up)

You must Sign in or Sign Up to post content

For you to post content on this website you have to log in or register, it only take few minute to create account

Go Up

Recommended for you

China Declines To Formally Recognise Biden Win In Us Elections Presidential Transition Highlights: Us Election ‘should Be Celebrated Uhuru's Message To Biden, Harris After Us Election Victory Could Courts Again Decide The Us Election?

Currently: 1 guest(s) reading this article

Sections: Culture, Diaspora, Kenyans247 ads, Food, Romance, Art, Graphics & Video, Technology Market, Universities, Innovation, Education, Music/Radio, Literature, Forum Games, Social Media/K247 Chit-Chat, Fashion, Ugandan Forum, Burundi Forum, Rwanda Forum, South Sudan Forum, Somalia Forum,

About Us | Terms & Conditions | Privacy Policy | FAQ's | Disclaimer | Copyright | Contact Us | Advertise With Us | Download K247 APP | Marketplace | Moderator Policy | We Are Hiring | Kenya Radio and TV Stations Listen and Watch Live | Letter From the C.E.O | Kenya Radio Stations Live | Kenya TV Stations Live | Kenya - Newspapers and News Sites and popular blog | Forum Rules | Featured LinksFollow Us on TwitterLike Us on Facebook

Kenyans247 - Copyright © 2019 - 2021 Sande Kennedy. All rights reserved. See How To Advertise.
Disclaimer: Every Kenyans247 member is solely responsible for anything that he/she posts or uploads on Kenyans247.