FOMC

Fed weighs changes to Main Street program to allay banks' concerns

09/16/20

With only a fraction of the funds allocated being used, Federal Reserve Chair Jerome Powell said the central bank is considering tweaks to the middle-market rescue program in an appeal to lenders wary of taking on added risk.

[more]

Fed signals rates will stay near zero for at least three years

09/16/20

The central bank said it would keep interest rates at current levels through at least to help the U.S. economy recover from the coronavirus pandemic.

[more]

Powell’s Fed shifts to more relaxed approach to fight inflation

08/27/20

Federal Reserve Chair Jerome Powell announced a new approach to monetary policy Thursday that takes a more relaxed stance on inflation and on its view of how low U.S. unemployment can go.

[more]

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.

[more]

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.

[more]

Delay of Fed’s Main Street program hasn't hurt businesses, Powell says

06/10/20

The central bank is only now nearing the launch of the credit facilities after the effort was announced in April. But Chairman Jerome Powell said loans have been available through other means.

[more]

Fed's Powell: More stimulus needed from Congress

04/29/20

The Federal Reserve chairman pledged to use every tool at the central bank's disposal to limit the economic fallout from the coronavirus and urged lawmakers to take further action.

[more]

Fed’s near-zero rates to last into 2023, economists predict

04/24/20

Economists also expect the Fed's balance sheet to more than $10 trillion as policymakers look to lift the country from a recession brought on by the coronavirus pandemic.

[more]

Fed again takes action; bank stock buybacks on hold

03/16/20

The Fed cuts rates near zero and will buy $700 billion in Treasuries and mortgage bonds; big banks put off stock buybacks until July at the earliest.

[more]

Fed makes emergency rate cut amid heightened coronavirus fears

03/03/20

The Federal Reserve has voted unanimously to cut the interest rate 50 basis points to 1.10% effective March 4, in the first emergency rate cut since 2008.

[more]