federal reserve
Fed Extends Main Street Program to Process Last Submitted Loans
The Federal Reserve building stands in Washington. (Stefani Reynolds/Bloomberg News)
The Federal Reserve has delayed the termination of the Main Street Lending Program to Jan. 8, from Dec. 31, to finish processing loans submitted by a Dec. 14 deadline to tap its funds.
December 29, 2020Fed to Maintain Bond Buys Until Economy Improves
The Federal Reserve strengthened its commitment to support the U.S. economy, promising to maintain its massive asset purchase program until it sees “substantial further progress” in employment and inflation.
December 16, 2020Fed to Weigh Further Options for Aiding US Economy
Federal Reserve Chairman Jerome Powell testifies before a House Financial Services Committee hearing on Capitol Hill on Dec. 2. (Greg Nash/Pool via AP)
WASHINGTON — The Federal Reserve’s policymakers face an unusual conundrum as they meet this week: a short-term economic outlook that is worsening even while the longer-term picture is brightening thanks to the emergence of coronavirus vaccines
December 14, 2020Fed Sees Moderate Growth With Virus Causing Slowdowns
The Federal Reserve building is seen in Washington, D.C., on Dec. 1. (Stefani Reynolds/Bloomberg News)
The U.S. economic recovery remained moderate across much of the country, and showed signs of a slowdown in areas where coronavirus cases are particularly high, according to a Federal Reserve report.
December 2, 2020Powell Again Warns of Weak US Recovery Without Enough Aid
Federal Reserve Chairman Jerome Powell speaks during a virtual news conference on Sept. 16. (Daniel Acker/Bloomberg News)
Federal Reserve Chair Jerome Powell warned of a weak U.S. recovery without sufficient government aid and said providing too much stimulus wouldn’t be a problem.
October 6, 2020Fed’s Bullard Says ‘Full Recovery’ for US in Reach by Year End
James Bullard, president and CEO of the Federal Reserve of St. Louis, gestures during a conference in October 2019. (Luke MacGregor/Bloomberg News)
Federal Reserve Bank of St. Louis President James Bullard, in the most upbeat comments by a central banker since the start of the COVID-19 outbreak, said the U.S. economy may surge at a 35% annualized rate in the third quarter and the nation may be close to a complete recovery by year-end.
September 24, 2020Fed Signals Rates Will Stay Near Zero for at Least Three Years
The Marriner S. Eccles Federal Reserve building stands in Washington on Aug. 18. (Erin Scott/Bloomberg News)
The Federal Reserve left interest rates near zero and signaled it would hold them there through at least 2023 to help the U.S. economy recover from the coronavirus pandemic.
September 16, 2020Oil Surges With High Hopes Ahead of Federal Reserve Meeting
A valve wheel sits attached to crude oil pipework in a Russian oilfield on Aug. 16. (Andrey Rudakov/Bloomberg News)
Oil extended gains above $40 a barrel in New York as shrinking crude stockpiles and speculation that the Federal Reserve will keep interest rates low raised hopes that an economy ravaged by the pandemic may be on the mend.
September 16, 2020Fed Survey Finds Pessimism About Economic Future
Federal Reserve Chairman Jerome Powell speaks during a Congressional hearing on Capitol Hill on June 30. (Bill O'Leary/The Washington Post via AP)
The latest Federal Reserve survey of U.S. economic activity found generally modest gains in August but also pessimism about the future given the threats posed by the coronavirus.
September 2, 2020Fed Seen Holding Rates at Zero for Five Years in New Policy
The Marriner S. Eccles Federal Reserve building in Washington. (Andrew Harrer/Bloomberg News)
The Federal Reserve looks likely to keep short-term interest rates near zero for five years or possibly more after it adopts a new strategy for carrying out monetary policy.
August 26, 2020