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ARTICLE · 12 NOVEMBER 2020

What We're Reading This Week [November 9, 2020]

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In the November 2020 statement issued by its Federal Open Market Committee, the Federal Reserve committed to use the full range of tools available to it to alleviate the economic hardship...

United StatesCoronavirus (COVID-19)
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In the November 2020 statement issued by its Federal Open Market Committee, the Federal Reserve committed to use the full range of tools available to it to alleviate the economic hardship caused by the COVID-19 pandemic. To that end, the Federal Reserve indicated that it intends to keep the target range for the federal reserve rate between 0 and 0.25% to help achieve maximum employment in the labor market. [Federal Reserve; Nov. 5, 2020]

The Wall Street Journal reports that Furniture Factory Outlet LLC, a private-equity owned retailer of discounted home furnishings, filed for Chapter 11 bankruptcy relief in the United States Bankruptcy Court for the District of Delaware on November 5, 2020. The retailer and certain affiliates will reportedly sell substantially all of their assets to competitor American Freight. [WSJ; Nov. 5, 2020]

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