U.S. airlines remain in ‘dire straits,’ needs new government assistance: industry group

2/2 © Reuters. FILE PHOTO: Plane approaching Leeds Bradford airport passes in front of the sun during the second test cricket match between England and New Zealand in Leeds 2/2 By David Shepardson and Tracy Rucinski WASHINGTON (Reuters) – The head of a group representing major U.S. passenger airlines and a senior union official will […]

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Fed’s Powell Rules Out Negative Rates During Dire Economic Warning

Powell Warns Of Long Road To Recovery Amidst a backdrop of increased expectation that the Federal Reserve might be considering moving into negative territory on rates, Fed chairman Jerome Powell quashed this prospect yesterday. Speaking at the Peterson Institute for International Economics yesterday evening, Powell gave his latest economic outlook and addressed the Fed’s monetary […]

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