FDIC tool to prevent bank runs goes unused vs. coronavirus


Congress authorized the Federal Deposit Insurance Corp. to intervene if the pandemic caused a liquidity scare, but nearly two months later deposits are through the roof and the agency has not acted on the expanded authority.


Fed can do only so much to limit pandemic's economic hit: Powell


The head of the U.S. central bank said its emergency credit programs were not designed to prop businesses up over the long term.


Cheat sheet: 8 ways Fed is using emergency powers to counter pandemic


The central bank’s programs announced since mid-April in response to the coronavirus outbreak match if not exceed the actions it took during the 2007-9 financial crisis.


Fed's Powell: More stimulus needed from Congress


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.


Fed opens Municipal Liquidity Facility to smaller cities and counties


The central bank expanded the reach of the program as pressure mounts on the government to support localities struggling economically because of the coronavirus pandemic.


Fed to release monthly details on coronavirus lending


The central bank and other agencies have come under pressure to be transparent about their use of funds authorized by the recent pandemic rescue law.


Crapo to lead Senate's oversight of coronavirus rescue


The Senate Banking Committee chair will work with the heads of other panels in overseeing the $2 trillion stimulus package that Congress passed last month.


Key Democrats urge Mnuchin, Powell to rescue mortgage servicers


The letter written by Rep. Maxine Waters, D-Calif., and Sen. Sherrod Brown, D-Ohio, was seen as a boost to Wall Street lobbying efforts seeking to quell the fallout of the coronavirus crisis on the mortgage market.


5 more moves the Fed is making to prop up the economy


Midsize businesses and state and local governments are among the beneficiaries of the central bank's latest $2 trillion effort to mitigate the economic damage caused by the coronavirus pandemic.


Fed expands use of credit facilities to offer additional $2.3 trillion in loans


The Fed's actions are designed to ensure the flow of credit to midsize businesses and state and local governments hit hard by the economic impact of the coronavirus pandemic.