PYMNTS

APRIL 5, 2020

Louis Federal Reserve President James Bullard says he doesn’t think the situation is a plummeting “free fall” as others have speculated. In late March, the Fed estimated that as many as 47 million people could eventually lose their jobs because of the ongoing shutdown. Despite the coronavirus’ rampant shifts to the U.S.

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Economy Federal Reserve Fed Shutdown 52

PYMNTS

APRIL 15, 2020

Louis Federal Reserve, estimated that the quarantine is costing the U.S. Business shutdowns and other efforts to contain the spread of COVID-19 are costing the country $25 billion a day in lost output. James Bullard, president of the St. A quarantine was the appropriate response initially, “but we are not ‘initially’ anymore.

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Fed Federal Reserve Shutdown Economy 52

PYMNTS

FEBRUARY 21, 2019

Conventional wisdom coming into this past week held that the Federal Reserve would raise rates at least twice this year. One tell comes from the minutes taken at the Federal Reserve’s most recent meeting, which in turn show that rate hikes may not be a sure thing. percent to 2.5

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Fed Federal Reserve Shutdown Participant 43

PYMNTS

FEBRUARY 1, 2019

The government shutdown was no speed bump, at least, according to the latest job numbers. Department of Labor (DOL), showed that even with a partial government shutdown, growth marked the period and the unemployment rate stood at 4 percent. The Fed has left its benchmark rates unchanged thus far in 2019.

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Shutdown Federal Reserve Fed Governance 49

PYMNTS

AUGUST 5, 2020

The numbers showed a 10 percent decline in spending compared to a year ago, albeit higher numbers as compared to the height of the pandemic’s economic destruction in March and April during the nationwide shutdowns, CNBC reported. The Fed cited data from scheduling firm Homebase. million jobs added in June, CNBC reported.

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Economy Federal Reserve Shutdown Fed 58

PYMNTS

FEBRUARY 1, 2019

The government shutdown was no speed bump, at least, according to the latest job numbers. Department of Labor (DOL), showed that even with a partial government shutdown, growth marked the period and the unemployment rate stood at 4 percent. The Fed has left its benchmark rates unchanged thus far in 2019.

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Federal Reserve Shutdown Payroll Fed 40

PYMNTS

APRIL 7, 2019

economy showing signs of softness and the Federal Reserve expressing more cautiousness and the decline in ten-year Treasury yields, S&P 500 banks are expected to see year-over-year growth for the first quarter of 2.3 With the U.S. That is down from the 8.2 percent Wall Street was expecting a mere six months ago. percent growth.

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Federal Reserve Shutdown Fed Economy 46

CB Insights

JULY 17, 2018

In contrast with many fast-casual menus, “meat” at Next Level Burger is not advertised as organic, local, or grass-fed. North 3rd Street Market opened in Williamsburg, Brooklyn, in May 2018, just in time for the dreaded L train shutdown. Amplifying already adorable aesthetics, Instagram has become a low-cost engine for viral growth.

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On-Demand Automation Origination Fed 69

PYMNTS

JANUARY 10, 2019

Federal Reserve Chairman Jay Powell said that an extended government shutdown could be damaging to the U.S. The chairman shared his thoughts about the shutdown at a Washington luncheon on Thursday (Jan. A longer shutdown is something we haven’t had,” he said. economy, according to a report in Financial Times.

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Shutdown Fed Economy Federal Reserve 59

PYMNTS

APRIL 14, 2020

Federal Reserve officials are facing a two pronged problem, Reuters reported: How do they reopen the economy while also making sure the coronavirus doesn’t have a second spike in infections later in the year? And in the coming weeks, even more could be necessary for other institutions or areas of the economy, Fed officials said.

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Fed Federal Reserve Void Economy 57

PYMNTS

AUGUST 3, 2020

Minneapolis Fed President Kashkari Urges 4-6 Week ‘Hard’ Shutdown . Neel Kashkari, the president of the Minneapolis Federal Reserve Bank, has suggested that the American economy would be best served if the country were to be locked down for as long as six weeks to battle the ongoing pandemic.

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Fincen Federal Reserve Fed Financial Crimes 64

PYMNTS

AUGUST 3, 2020

economy would be best served if the nation were to be locked down for up to six weeks, Minneapolis Federal Reserve Bank President Neel Kashkari advised. In a CBS interview on “Face the Nation” Sunday (Aug. 2), Kashkari said the country can rebound, but only if the virus is controlled. “If

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Shutdown Fed Federal Reserve Economy 119

PYMNTS

DECEMBER 18, 2020

18) to postpone a government shutdown for 48 Hours as Capitol Hill lawmakers prepared to settle in for a working weekend in a bid to pass a COVID-19 stimulus bill. Assuming Trump agrees, the deal will prevent the federal government from technically running out of money at midnight on Friday. The Post quoted Sen. Pat Toomey (R-Penn.)

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Shutdown Federal Reserve Fed Government 79