Tag: Federal Reserve

May 18, 2020

U.S. Treasury yields rose Monday, following global equity markets higher, after Federal Reserve Chairman Jerome Powell said the central bank still had tools to fight the recession. Reports of early success from an experimental coronavirus vaccine also added to selling […]

May 13, 2020

Even as it has pulled out all the policy stops during the coronavirus crisis, Federal Reserve Chairman Jerome Powell said one area it won’t be going is negative interest rates. “I know there are fans of the policy, but for […]

May 12, 2020

The Federal Reserve will be starting its long-awaited corporate bond program Tuesday amid a boom in debt issuance. The central bank will kick off its Secondary Market Corporate Credit Facility, which is part of a history-making initiative in which it […]

April 9, 2020

“This funding will assist households and employers of all sizes and bolster the ability of state and local governments to deliver critical services during the coronavirus pandemic,” the Fed said in a statement. Through its ‘Main Street’ lending facility, the […]

April 8, 2020

The Federal Reserve is lifting the asset cap it has imposed on Wells Fargo so the bank can participate in the government’s business lending programs. In a move that was expected, the central bank said Wells will have to return […]

March 26, 2020

Jerome H. Powell, the Federal Reserve chair, said during a rare television interview on Thursday that the United States “may well” be in a recession already, but that it should get the coronavirus under control before getting back to work. […]

March 24, 2020

The US S&P 500 fell more than 3% in late-morning trading, alongside a similar decline in the Dow Jones Industrial Average. US Treasuries whipped around but by late morning the Fed’s promised buying spree appeared to be having an effect […]

March 23, 2020

During the 2008 financial crisis, the Federal Reserve was stung by criticism that its lending programs to get credit flowing in the economy benefitted Wall Street not Main Street. Former Fed Chairman Ben Bernanke, in an unprecedented effort to counter […]

March 17, 2020

The Federal Reserve on Tuesday took another step to try and prop up the American economy, saying it would begin buying up a type of short-term debt companies use for funding, known as commercial paper, to help keep credit flowing […]

March 16, 2020

Though the Federal Reserve moved over the weekend to slash rates and buy treasuries, markets around the world fell on Monday anyway. The coronavirus threatens to set off financial contagion in a world economy with very different vulnerabilities than on […]