monetary policy

Rosengren's Main Street pitch to banks: Get in it for long haul

06/23/20

Participation in the Main Street Lending Program for midsize companies is partly about public service, but the core business rationale is building "a banking relationship that continues on for some time," the Boston Fed chief says.

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Bad times for debt collectors; Main Street Lending Program draws boos

06/19/20

Loan forbearances are wreaking havoc with firms that normally clean up during recessions; the Fed’s latest rescue plan is off to a rocky start as few banks show interest in making the loans.

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The calm before the storm of bankruptcies

06/15/20

Lawmakers shouldn't let themselves be misled by a slower pace in personal bankruptcy filings so far this year.

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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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Deutsche probed on Epstein dealings; Wells drops independent auto dealers

06/03/20

New York State regulators may bring an enforcement action against the German bank as early as this month; Wells Fargo’s decision to stop making loans to the dealers has more to do with credit quality than asset limits.

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Fed is ‘not going to run out of ammunition,’ Powell vows

03/26/20

Federal Reserve Chairman Jerome Powell said the central bank will maintain its muscular efforts to support the flow of credit in the U.S. economy as Americans hunker down from the coronavirus pandemic.

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Fed moves telegraph fears of prolonged liquidity crisis

03/23/20

The central bank's sweeping actions suggest a cash shortage gripping sectors directly hit by the pandemic. Banks were supposed to be protected by Dodd-Frank but are still vulnerable to a funding domino effect.

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Nothing to suggest trickle-down monetary policy will suddenly work

03/20/20

The Fed must set up a ‘family financial facility’ that sends billions to households and small businesses so banks don’t misdirect relief funds.

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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.

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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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