Philly DA: Fed. agents could face prosecution

Philadelphia’s top prosecutor has warned that federal law enforcement officers will be charged criminally if they unlawfully assault or arrest somebody in the city. (July 21)

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Trump: Fed hiring to focus on skills over degrees

President Donald Trump signed an Executive Order Friday to direct the federal government to overhaul its hiring to prioritize a job applicant’s skills over a college degree. (June 26)

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Federal Reserve leaves key interest rate at zero: Powell | AFP

The Federal Reserve will leave its key interest rate at zero “until we’re confident that the economy has weathered recent events and is on track to achieve our maximum employment and price stability goals,” says Fed Chair Jerome Powell during a press conference. SOUNDBITE

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Analyst: Fed will keep credit flowing

As it prepares for this week’s policy meeting, the Federal Reserve has largely calmed turbulent financial markets but now must help rescue an economy and job market that appear to be in a free-fall. (April 28)

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US stocks open higher on massive Fed stimulus plan | AFP

Images of the opening bell ringing at the New York Stock Exchange. Wall Street stocks rose early as the Federal Reserve unveiled another round of massive stimulus even as another 6.6 million US workers filed jobless claims spiked due to business closures to counter the coronavirus. IMAGES

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What 0% Interest Rate Really Means

When the Federal Reserve cuts interest rates, the stock market tends to rise. However, when the Fed cut rates to 0% on Sunday, March 14, Dow futures plummeted and trading was halted. Why didn’t it go up, and what does a 0% interest rate mean?

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What 0% Interest Rate Really Means

Trump congratulates Fed after drastic virus measures | AFP

US President Donald Trump congratulates the Federal Reserve after it announced drastic emergency measures to shore up confidence and keep the financial sector running, including slashing the key interest rate to virtually zero and buying 500 billion dollars in Treasury debt and 200 billion dollars in other securities. SOUNDBITE

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Virus spread prompts Fed to slash rates

In a surprise move, the Federal Reserve cut its benchmark interest rate by a sizable half-percentage point Tuesday in an effort to support the economy in the face of the spreading coronavirus. (March 3)

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Interest rates | AFP Animé

Graphic explaining how interest rates work. after cutting rates three times in 2019, Fed policymakers in the US have made it clear they will not move again unless things get significantly and unexpectedly worse.VIDEOGRAPHICS

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