Economy

She sees risk of default as early as October, if Congress fails to act on a debt-limit hike when the two-year suspension ends on Saturday.

Wealthy and lower-income households gained, according to Fed data analyzed by ING.

The speed and consistency of the economic recovery will depend on political stability and continued vaccination progress.

"The job is not done. ... We've got to get the pandemic under control so the U.S. economy can reopen," Powell said.

The economy is 'already dead,' and another round of stimulus won't revive it, according to the "contrarian's contrarian."

The pause for foreclosures and for applications for mortgage payment forbearance runs through June 30.