Federal Reserve

Warren presses Powell on race gaps in possible Biden-era preview

09/25/20

During a Senate Banking Committee hearing, the Massachusetts Democrat asked Powell what the Fed is doing to reduce inequality along economic lines in the U.S.

[more]

Fed’s Bostic urges banks to repair ‘history of abuse’ of Black Americans

09/25/20

Bostic, the first Black Fed president in the central bank’s 106-year history, said systemic racism is an economic as well as a moral issue.

[more]

Fed’s Brainard seen at top of Biden’s Treasury secretary list

09/24/20

Democratic presidential nominee Joe Biden’s search for a Treasury secretary is widely seen as focusing on Brainard, a choice that would keep both Wall Street and progressives in line.

[more]

Powell, Mnuchin urge more congressional action to deliver pandemic aid

09/24/20

Capping a series of appearances on Capitol Hill this week, the Federal Reserve chair and Treasury secretary emphasized that they don’t have the authority to reallocate CARES Act funds to assist small businesses on their own.

[more]

Armored trucks stand ready for cash-carrying consumers to return

09/24/20

Brink's has seen a 20% increase since January in the amount of cash processed in its own systems, signaling that as users return to stores they’re choosing to pay with cash.

[more]

Powell grilled by Congress over how Fed is helping Main Street

09/23/20

The Fed chief said that with its Main Street Lending Program, the central bank has “done basically all of the things that we can think of.”

[more]

The partners that can help Fed speed launch of real-time payments

09/23/20

The central bank must engage core processors, community banks and The Clearing House if it wants to move quickly on building out its FedNow system.

[more]

Lawmakers urge Fed, Treasury to let CRE borrowers tap Main Street loans

09/22/20

Commercial real estate companies are among those left out of the Federal Reserve’s middle-market relief program, but House members said they need government-backed financing to navigate the pandemic as much as anyone.

[more]

Fed plan to reform CRA at odds with OCC rule

09/21/20

The central bank's proposal to overhaul the Community Reinvestment Act differs markedly from the OCC's regulation in testing, data collection and other areas.

[more]

Fed, Treasury clarify underwriting rules for Main Street loans

09/18/20

The Federal Reserve and the Treasury Department released a set of FAQ's aimed to clearing up misconceptions about the Main Street Lending program and encouraging more bank participation.

[more]