The vote in favor of Christopher Waller was 48-47. The Senate confirmed Christopher Waller, executive president of the Federal Reserve Bank of St. Louis, to the Federal Reserve’s…
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Secretary Mnuchin Wants Grants for Main Street
There are CARES Act funds available for Congress to reallocate. The Federal Reserve’s key pandemic lending programs expire on December 31. Treasury Secretary Steven Mnuchin said Congress should…
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Federal Reserve Announces Policy Changes
Prepared to accommodate a higher level of inflation. Federal Reserve Chairman Jerome Powell announced last week that inflation rates will now be allowed to exceed its previously held…
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Economy Showing ‘Signs of Life,’ Fed Official Says
Still in a “tentative” stage, she added. Esther George, the President of the Kansas City Federal Reserve, said the economy is beginning to show “signs of life,” and…
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Federal Reserve Now Offering Lending to Nonprofit Organizations
Fed Hopes to help stabilize hospitals and social services during pandemic. The Main Street Lending Program, launched by the Federal Reserve on July 6 to lend money to…
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Federal Reserve Aims to Keep Interest Rates Low Into 2022
The semi-annual policy report predicts slow recovery. The Federal Reserve released its semi-annual report to Congress this past Friday. Chairman Jerome Powell is scheduled to present the report…
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Economy Has Likely Bottomed, Fed Member Says
Economy will be “headed up,” Thomas Barkin sugests. The president of the Federal Reserve Bank of Richmond, Thomas Barkin, believes America’s economy is probably at its lowest point…
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Federal Reserve Proposes New Aid Plan
Additional $2.3 trillion injected into U.S. Economy. The Federal Reserve announced new plans on Thursday to curtail the economic impact of the global COVID-19 pandemic. New measures will…
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Fed Commits to Aid Markets Amid COVID-19 Pandemic
National Bank will buy unlimited government-backed loans. The Federal Reserve announced on Monday that it would be taking even more drastic measures to shore up the U.S. economy…
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Federal Reserve Taking Aggressive Measures
Actions go beyond 2008 financial crisis. A broad slate of programs to make sure credit flows to businesses and consumers crippled by coronavirus safety measures has been announced…
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