CNBC Economy

While markets rallied on the sentiment that the new policy would keep short-term rates anchored near zero well into the future, there also was plenty of skepticism that the Fed would be able to reach its goal.

Dennis Lockhart, Atlanta Fed president from 2007 to 2017, said the U.S. economy needs more fiscal stimulus to "ward off a worst-case scenario."

The Fed wants to go far deeper to get lower-income and underemployed Americans to work, before it pulls back from its easy policies.

The Federal Reserve announced a major policy shift Thursday, saying that it is willing to allow inflation to run hotter than normal in order to support the labor market and broader economy.

The number of Americans who filed for unemployment benefits for the first time came in above 1 million for a second consecutive week.

Two Federal Reserve economists have recently examined the evidence and concluded the gap is getting even wider.

A second reading of the U.S. economy in the second quarter reflected the biggest quarterly plunge on record, though the plummet wasn't as bad as initially estimated.

With mounting concerns over mail-in voting, President Trump suggested delaying the election. Experts warn that a postponed election could lead to severe political chaos in Washington and an insurmountable impact on the U.S. economy and the stock market.

Chairman Jerome Powell is expected to discuss how the Fed hopes to remedy the years-long dilemma of low inflation with a new pandemic-era tool.

Orders for long-lasting U.S. factory goods were expected to rise 4.3% in July, compared with a 7.6% increase a month earlier.

The central bank official told CNBC the resurgence of Covid-19 "is an important risk to that outlook."

Homebuyers appear to have an insatiable appetite for new and existing homes, applying for mortgages at an incredible pace, according to a weekly measure of mortgage application volume.

Bleakley Advisory Group's Peter Boockvar believes a new inflation cycle is starting.

Sales of newly built homes soared 36% annually across the nation in July, as pent-up demand from the shut-down spring market, combined with urban flight and a new desire for more work-at-home space fueled already strong demand.

Nets co-owner Clara Wu Tsai told CNBC a five-point plan over 10 years will drive social and economic equality.

Home prices rose 4.3% annually in June, unchanged from the gain seen in May, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index.

The president of Yardeni Research pointed to indicators like retail sales as well as new and existing home sales which have been "very strong."

Powell, who will speak Thursday during a virtual version of the Fed's annual Jackson Hole, Wyoming, conference, will outline what could be the central bank's most active efforts ever to spur inflation back to a healthy level.

As the RNC tries to showcase President Donald Trump's accomplishments, top economists sound off on the impact his economic policies have had so far.

There's a 1-in-4 chance the economy could fall into a double-dip recession, according to economists surveyed by NABE.