Jerome Powell

Mortgage bond sales flood market, sparking pleas for U.S. help

03/23/20

The rush to unload mortgage-backed securities signals that a credit meltdown that began with corporate bonds is spreading to other corners of the market.

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Fed announces launch of second facility to support credit markets

03/17/20

The establishment of the Primary Dealer Credit Facility is among a flurry of recent actions by the central bank to limit the economic impact of the coronavirus.

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What else can the Fed do to blunt coronavirus impact?

03/17/20

The Federal Reserve's support for the commercial paper market made clear that it was willing to go beyond cutting interest rates, but the central bank may feel pressure to do even more as the crisis worsens.

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Fed slashes rate, announces new measures to encourage bank lending

03/15/20

The actions include cutting the federal funds rate to between 0% and 0.25% and other steps to ease economic stress from the spread of the coronavirus.

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Fed unveils dramatic measures to ease market strain from virus

03/12/20

The central bank has been under increasing pressure to act as investors have been losing faith in the Trump administration's efforts to contain the economic fallout.

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Coronavirus highlights limits of Fed's power

03/03/20

In announcing the central bank’s emergency rate cut, Chairman Jerome Powell warned that the Fed can only do so much.

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Fed’s Powell open to more than one Libor alternative

02/12/20

Federal Reserve Chairman Jerome Powell told senators that the central bank is willing to explore a credit-sensitive interest benchmark in addition to the secured overnight financing rate, which some banks say could cause problems during economic stress.

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House lawmakers press Powell on CRA, climate change, stress tests

02/11/20

Federal Reserve Chair Jerome Powell reaffirmed his agency’s skepticism of a Community Reinvestment Act plan proposed by other regulators, and said the Fed has an important role to ensure banks “are resilient against the longer-term risks from climate change.”

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Fed issues final rule clarifying standards for bank investors

01/30/20

The new regulation aims to standardize the process for determining if those owning less than a quarter of a bank must comply with holding company requirements.

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Regulators propose Volcker Rule changes to allow VC stakes

01/30/20

In another rollback of the bank trading ban, the federal agencies unveiled a plan to allow financial institutions to invest in multiple companies through certain fund structures.

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