Federal Reserve

Fed's Powell makes case why Congress should relax bank capital rule

07/29/20

As Senate Republicans consider a new coronavirus relief package, the Federal Reserve chairman said easing the so-called Collins amendment would help financial institutions support the economy.

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Fed extends emergency lending programs; Visa reports 23% profit hit

07/29/20

The programs, which had been set to expire at the end of September, will now run at least to the end of the year; but U.S. payments volume "meaningfully improved" throughout the quarter

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Biden urges Fed to take steps to close racial economic gaps

07/28/20

The Democratic presidential nominee's plan would require the Federal Reserve to report the actions it is taking through its monetary and regulatory policies to address disparities in income between racial groups.

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Fed extends seven emergency facilities to end of 2020

07/28/20

The three-month extension for the central bank's lending programs is one of several recent steps by policymakers to stabilize the economy as the coronavirus pandemic stretches through the summer.

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Collins is second Republican to oppose Shelton for the Fed

07/27/20

Two more Republican no votes will sink the nomination, if Democrats remain steadfast on their opposition.

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Romney says he will oppose Shelton’s Fed confirmation

07/23/20

Republican Sen. Mitt Romney of Utah said he will vote against Judy Shelton, one of two Trump administration nominees to the Federal Reserve’s Board of Governors.

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Does Congress have cure for what's ailing CRE borrowers?

07/22/20

Many commercial property owners are locked out of existing coronavirus relief by financing terms that bar them from taking new loans. Under a House bill, they would receive government-backed equity investments.

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Fed board nominees move one step closer to Senate approval

07/21/20

Judy Shelton, President Trump’s contentious pick for an open seat, cleared a key hurdle by winning the approval of a majority on the Senate Banking Committee.

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Why coins are scarce and what government, banks are doing about it

07/21/20

The Federal Reserve, U.S. Mint and financial industry representatives are strongly considering a public call for Americans to deposit their spare change, among other fixes, to get coins circulating again. Meanwhile, banks of all sizes are getting creative at the local level.

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Watchdog urges Fed to extend more virus aid to states, small firms

07/20/20

The report from the commission created to monitor the government's response to the pandemic comes as Congress begins negotiations over another round of stimulus.

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