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Continue reading the main story“It’s going to be smart if people can continue to socially distance and wear masks,” Jerome Powell said on “60 Minutes.”Jerome H. Powell, the Federal Reserve chairman, at a news conference in March 2020, as the coronavirus began to cripple the U.S. economy. The outlook is brighter now ...

The Federal Reserve will backstop credit markets through 2020, and is expected to pledge continued economic help at its Wednesday meeting.

President Trump urged Fed Chair Jerome H. Powell to cut borrowing costs below zero in Twitter posts hours before a key European Central Bank meeting.

The Federal Reserve cut its benchmark interest rate a quarter point as it tried to insulate the economy from President Trump’s trade war and a global slowdown.