Jerome Powell

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.

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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.

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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.

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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.

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Demand for Fed's Main Street loan program is growing, Rosengren says

08/12/20

The head of the Federal Reserve Bank of Boston said the central bank had acquired stakes in 32 business loans as of Monday, four times the amount from two weeks earlier.

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Big choices about who will lead financial regulators after 2020 election

08/07/20

Whoever wins the White House in November may have immediate agency openings to fill, while a key decision looms about who will run the Federal Reserve after Jerome Powell’s term expires in 2022.

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Few companies have tapped the Fed's Main Street program

08/06/20

Just eight loans had been made as of late July, six of them through a single community bank in Florida, according to new data on the federal rescue program for small and midsize companies hurt by the pandemic.

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Fed to have payments service ready 'as soon as practicably possible'

08/06/20

The central bank released new details about FedNow, which officials hope to get off the ground before a 2023 or 2024 target launch date.

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Democrats' bill would require Fed to focus on income, racial inequality

08/05/20

The Federal Reserve Racial and Economic Equity Act would direct the Fed to consider racial inequality in employment, income and access to affordable credit when making monetary policy and in its regulation and supervision of banks.

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Retailers, tech giants shouldn't get ILCs. Especially now.

07/31/20

For too long, nonbanks have been allowed to form industrial loan companies to operate as banks without Fed oversight. This regulatory pass should not be given during a crisis.

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