CNBC Economy

Bernanke told CNBC the Federal Reserve acted with appropriate force.

Former Federal Reserve Chairman Ben Bernanke sounded an optimistic tone on the longer-term state of the economy,

The central bank official was in the news earlier this week when he forecast that the unemployment rate will skyrocket to 30%, higher than it was even during the Great Depression.

New orders for long-lasting U.S. manufactured goods unexpectedly rose in February, but are set to decline as strict measures to contain the coronavirus pandemic sap demand and push the economy into recession.

A hike in interest rates, combined with a massive shutdown of the economy caused homeowners and potential homebuyers to back away from the mortgage market.

The White House's top trade advisor denied on Tuesday that the Trump administration was considering a three-month deferral of tariff payments on imported goods to ease the pain of the economic shutdown caused by the coronavirus pandemic.

Democratic leaders warned that the bill did too much to bail out companies and not enough to help workers.

The Federal Reserve launched a barrage of programs aimed at helping markets function more efficiently amid the coronavirus crisis.

Remember when people were all worked up over trillion-dollar government budget deficits? Those might seem like the good old days.

Airlines warned Congress thousands of jobs were at risk without direct grants to fight impact of coronavirus.

Part of a bipartisan stimulus effort will include joint efforts between the Treasury and Federal Reserve to get liquidity to businesses that need it, Mnuchin told Fox News Sunday.

Shutdown measures must be coupled with massive federal government support to sustain the population through isolation and prime the economy to pick up where it left off, Bullard says.

Sandberg said on Tuesday that Facebook will do what it can to help its employees and small businesses manage through the coronavirus outbreak.

"It looks to me like the order of magnitude in most states seems to be about 10 times higher than the normal weekly numbers before the crisis," said Pantheon Macroeconomics' Ian Shepherdson.

The Fed is throwing all its fire power at markets, but interest rates continue to rise, a troubling sign when the economy looks set to slow.

Bank of America issued a dire warning to investors on Thursday: The recession is here.

Thursday's spike in weekly jobless claims, considered the canary in the coal mine for labor, signals the start of a crush of layoffs amid the coronavirus pandemic.

Jobless claims rose to 281,000 last week, reflecting only the first indications of the impact the coronavirus will have on the U.S. employment picture

The Bridgewater Associates founder also estimated the global corporate losses will hit $12 trillion due to the pandemic.

U.S. producer prices fell by the most in five years in February, pulled down by declines in the costs of goods such as gasoline and services.