Jerome Powell

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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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 opens Main Street Lending Program to nonprofits

07/17/20

The central bank is expanding its lending facilities meant to help businesses weather the coronavirus pandemic to organizations like educational institutions, hospitals and social service groups.

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Lenders face quandary over offering Main Street loans to noncustomers

07/09/20

Many big banks say they will focus on existing customers in offering credit through the Federal Reserve’s emergency lending program for midsize businesses. Complex vetting and fear of being inundated are said to be among their concerns.

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Banks 'not getting a ton of interest' in Main Street program: Powell

06/30/20

Federal Reserve Chairman Jerome Powell said about 300 lenders have signed on to the program and that the central bank is committed to making adjustments that could attract more borrowers.

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Fed should make banks stop paying dividends, Senate Democrats say

06/24/20

The lawmakers argued in a letter to the Federal Reserve that suspending dividend payouts would be the "prudent course of action," allowing banks to build their capital cushions and continue lending during the coronavirus pandemic.

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Why bankers remain unsold on Fed's Main Street program

06/19/20

Worried about a lack of demand and that some of their customers are ineligible, community banks are still on the fence about participating in the effort to back loans for businesses recovering from the pandemic crisis.

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Small change is becoming a big problem for banks

06/17/20

At a congressional hearing, Fed Chairman Jerome Powell discussed steps to get the flow of coins to financial institutions back to pre-pandemic levels, as well as ways to ease other industry burdens.

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Bank interest in Main Street Lending Program ‘substantial,’ Powell says

06/16/20

The Fed chairman updated senators about the agency's new credit facility for midsize firms struggling in the pandemic. He also left open the possibility of additional stress tests to gauge the industry’s coronavirus response.

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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.

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