Heather Scott
Heather Scott
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Millions of Americans risk eviction as virus cases spike
by Heather Scott - August 1, 2021 - 2:38pm
With billions in government funds meant to help renters still untapped, President Joe Biden this week urged Congress to extend the 11-month-old moratorium after a recent Supreme Court ruling meant the White House...
US Fed chief says stimulus to continue despite high inflation
by Heather Scott - July 15, 2021 - 9:12am
Even as US inflation has hit the highest rate in over a decade, the central bank is sticking to its guns, and will continue to provide stimulus until the economy has fully recovered, Federal Reserve Chair Jerome...
IMF sees much stronger US growth, 2021 GDP +7.0%
by Heather Scott - July 2, 2021 - 3:38pm
The IMF is bullish on the US economic recovery, predicting growth will hit 7 percent this year -- much stronger than previously forecast and "the fastest pace in a generation," the Fund said in a report Thursda...
US Fed downplays inflation fears, officials see rate hikes in 2023
by Heather Scott - June 17, 2021 - 9:31am
Federal Reserve Chair Jerome Powell on Wednesday once again tried to assuage fears of rising US inflation, even while a majority of central bank officials now believe interest rates will increase in 2023.
IMF warns more funding needed to safeguard global economy
by Heather Scott - April 9, 2021 - 10:18am
Warning that the recovery from the pandemic crisis is not yet over, the IMF on Thursday called on policymakers to continue to spend money to shore up the global economy and ensure no one is left behind.
IMF projects stronger 2021 growth amid pandemic rebound
by Heather Scott - April 7, 2021 - 9:48am
Accelerated vaccinations and a flood of government spending, especially in the United States, have boosted the outlook for the global economy, but more must be done to prevent permanent scars, the IMF said...
US Fed likely to boost forecasts as stimulus funds flood in
by Heather Scott - March 17, 2021 - 10:12am
The Federal Reserve opened its two-day policy meeting on Tuesday and is expected to provide a more upbeat outlook for the US economy, which will soon be awash in $1.9 trillion in stimulus funds.
'Markets be damned!': Fed standing firm on inflation fears
by Heather Scott - March 15, 2021 - 9:22am
Skittish investors have see-sawed between celebration about the expected US economic recovery and nail-biting over a possible price spiral, but the Federal Reserve is standing firm on keeping interest rates low...
Fed's Powell downplays inflation fears, pledges to keep rates low
by Heather Scott - February 24, 2021 - 9:25am
Federal Reserve Chairman Jerome Powell attempted to tamp down rising inflation concerns, and again on Tuesday pledged to keep benchmark lending rates low until jobs recover and prices have risen consi...
US Fed keeps rates low as economic outlook remains 'high uncertain'
by Heather Scott - January 28, 2021 - 7:23am
In the Philippines, the Bangko Sentral ng Pilipinas, the central bank, is expected to consider the Fed’s decision to keep low rates steady on its own policy meeting on February 11.
US Congress set to approve $900 billion stimulus package
by Heather Scott - December 22, 2020 - 8:46am
“It’s a good bipartisan deal,” Democratic House Speaker Nancy Pelosi said Monday. “We will do some good with this legislation.”
US election uncertainty turns focus on Fed
by Heather Scott - November 5, 2020 - 12:48pm
No victor has emerged yet following Tuesday's vote that pitted President Donald Trump against his challenger Joe Biden.
World Bank chief warns extreme poverty could surge by 100 million amid pandemic
by Heather Scott - August 21, 2020 - 9:53am
The coronavirus pandemic may have driven as many as 100 million people back into extreme poverty, World Bank President David Malpass warned Thursday.
Virus wreaks economic havoc as global cases top 17 million
by Heather Scott - July 31, 2020 - 8:23am
Six months after the World Health Organization declared a global emergency, the novel coronavirus has infected more than 17 million people across the globe. 
COVID-19 crisis exacerbates globalization worries: IMF economist
by Heather Scott - June 25, 2020 - 8:01am
Globalization has been under fire around the world, but the coronavirus pandemic has added fuel to those concerns, IMF chief economist Gita Gopinath said on Wednesday.
Pandemic drives broadest economic collapse in 150 years: World Bank
by Heather Scott - June 9, 2020 - 7:26am
The world economy is expected to contract by 5.2 percent this year — the worst recession in 80 years — but the sheer number of countries suffering economic losses means the scale of the downturn is worse...
US Fed slashes key interest rate, rolls out massive response to pandemic
by Heather Scott - March 16, 2020 - 12:25pm
Faced with a growing economic shutdown from the coronavirus pandemic, the US Federal Reserve on Sunday announced drastic emergency measures to shore up confidence and keep the financial sector running, including...
US leads global fight against coronavirus economic threat
by Heather Scott - March 4, 2020 - 10:19am
The death toll in the United States rose to nine, many linked to a nursing home in the Seattle suburbs, while the overall number of infections shot past 100 including cases on both coasts and the Midwest.
US central bank won't shift rates but virus adds new risk factor
by Heather Scott - January 29, 2020 - 1:11pm
The Federal Reserve is widely expected to leave its key interest rate unchanged on Wednesday, but the deadly SARS-like virus spreading in China adds a new element to keep policymakers on alert.
US, China sign 'momentous' trade deal
by Heather Scott - January 16, 2020 - 2:45pm
The United States and China signed a truce in their trade war on Wednesday after nearly two years of tensions, bringing relief to markets but largely leaving massive tariffs in place.
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