Economic policy

Bank of Japan Gov. Haruhiko Kuroda speaks during a news conference in Tokyo Monday, March 16, 2020. Japan's central bank took emergency action Monday to help support the economy following the U.S. Federal Reserve's decision to cut its benchmark interest rate to nearly 0%. (AP Photo/Eugene Hoshiko)
March 16, 2020 - 4:50 am
BANGKOK (AP) — The Bank of Japan joined other major central banks Monday in expanding its already unprecedented levels of monetary support for financial markets and companies battered by the outbreak of the coronavirus. The BOJ announced after an emergency policy meeting that it would expand its...
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In this Tuesday, March 10, 2020, security guards patrolling the quiet Wangfujing shopping, a usually popular tourist spot before the new coronavirus outbreak in Beijing. China's consumer spending and other business activity fell even more than expected in January and February due to its virus outbreak, adding to the ruling Communist Party's challenges as it tries to revive the world's second-largest economy. (AP Photo/Andy Wong)
March 16, 2020 - 3:52 am
BEIJING (AP) — China’s consumer spending and factory activity fell more than expected in January and February as it fought a virus outbreak, prompting some forecasters to warn this year’s economic growth might slump to its lowest level since the 1970s. Retail sales fell 20.5% from a year ago after...
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FILE - In this Friday, March 13, 2020, file photo, a trader walks on the floor of the New York Stock Exchange during President Donald Trump's televised speech from the White House, in New York. Stock markets are set for another week of turbulent trading as U.S. index futures fell sharply after the Federal Reserve slashed interest rates and more companies and governments took action over the weekend to shut down European and American society. (AP Photo/Mark Lennihan, File)
March 15, 2020 - 11:21 pm
BEIJING (AP) — Asian stock markets and U.S. futures fell Monday after the Federal Reserve slashed its key interest rate to shore up economic growth in the face of mounting global anti-virus controls that are shutting down business and travel. Sydney's benchmark plunged 7% and Hong Kong's Hang Seng...
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Sen. Bernie Sanders, I-Vt., participates in a Democratic presidential primary debate with former Vice President Joe Biden at CNN Studios, Sunday, March 15, 2020, in Washington. (AP Photo/Evan Vucci)
March 15, 2020 - 9:42 pm
WASHINGTON (AP) — The latest from the Sunday night Democratic debate between former Vice President Joe Biden and Sen. Bernie Sanders (all times local): 9:40 p.m. Bernie Sanders is accusing Joe Biden of not going far enough on his plans to combat climate change. To Biden, the Vermont senator said...
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Federal Reserve Chair Jerome Powell pauses during a news conference, Tuesday, March 3, 2020, while discussing an announcement from the Federal Open Market Committee, in Washington. In a surprise move, the Federal Reserve cut its benchmark interest rate by a sizable half-percentage point in an effort to support the economy in the face of the spreading coronavirus. Chairman Jerome Powell noted that the coronavirus "poses evolving risks to economic activity." (AP Photo/Jacquelyn Martin)
March 15, 2020 - 9:17 pm
WASHINGTON (AP) — The Federal Reserve took massive emergency action Sunday to try to help the economy withstand the coronavirus by slashing its benchmark interest rate to near zero and saying it would buy $700 billion in Treasury and mortgage bonds. The Fed’s surprise announcement signaled its...
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The display board with the curve of the DAX photographed behind a pictogram for a fire extinguisher in the trading room of the Stock Exchange in Frankfurt, Germany, Thursday, March 12, 2020. This was again triggered by concerns about the economic consequences of the coronavirus pandemic. For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. (Boris Roessler/dpa via AP)
March 15, 2020 - 12:30 pm
FRANKFURT, Germany (AP) — When the global economy melted down in 2008, world leaders swiftly created an international forum to boost economies by spending more and keeping trade open. Central banks announced rate cuts within seconds of each other. But so far, nations' approach to the economic shock...
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President Donald Trump speaks during a news conference about the coronavirus in the James Brady Briefing Room at the White House, Saturday, March 14, 2020, in Washington. (AP Photo/Alex Brandon)
March 14, 2020 - 9:26 pm
WASHINGTON (AP) — President Donald Trump said Saturday he had the power to fire or demote Federal Reserve Chairman Jerome Powell, adding new fuel to his long-running animus toward the central bank’s leader at a moment when the economy was at risk of edging into recession. Trump told reporters that...
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Costco customers roll groceries to their cars as others wait to enter the store on Saturday, March 14, 2020, in San Leandro, Calif. Empty store shelves. Empty churches. Shuttered classrooms and courts. Warnings everywhere to wash hands and avoid close contact. Efforts to stop the spread of the coronavirus in California are affecting virtually every facet of life in the Golden State in ways big and small — and in some cases, surreal. For most people, the new coronavirus causes only mild or moderate symptoms. For some it can cause more severe illness. (AP Photo/Ben Margot)
AP News
March 14, 2020 - 6:19 pm
WASHINGTON (AP) — President Donald Trump announced Saturday that the United States will expand its European travel restrictions to include Britain and Ireland as the U.S., armed with new tools against the pandemic, braced for it to get worse before it gets better. The government's top infection...
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From left, Democratic presidential candidates Sen. Bernie Sanders, I-Vt., and former Vice President Joe Biden, participate in a Democratic presidential primary debate at the Gaillard Center, Tuesday, Feb. 25, 2020, in Charleston, S.C., co-hosted by CBS News and the Congressional Black Caucus Institute. (AP Photo/Patrick Semansky)
AP News
March 14, 2020 - 9:55 am
And then there were two. Joe Biden and Bernie Sanders are set to meet Sunday night in their first one-to-one presidential primary debate after months of Democratic free-for-alls that presaged a dramatic culling of the field since the opening round of the 2020 race. Some key questions to look for...
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President Donald Trump speaks during a news conference about the coronavirus in the Rose Garden of the White House, Friday, March 13, 2020, in Washington. (AP Photo/Evan Vucci)
AP News
March 14, 2020 - 1:22 am
WASHINGTON (AP) — President Donald Trump on Friday declared the coronavirus pandemic a national emergency, freeing up money and resources to fight the outbreak, and then threw his support behind an aid package in Congress that is on track to provide direct relief to Americans. From the Rose Garden...
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