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News Topic - Federal Reserve

RSS feedDisplaying articles 1 - 10 of most recent articles

Federal Reserve to boost small business lending efforts WASHINGTON (AP) The Federal Reserve said in a brief announcement that it would support the government's $349 billion small business lending program, which had a rocky start Friday.
The Herald-Coaster | 31 minutes ago | comment? | recommend article from Rosenberg, Texas
Fed says it will provide financing against new 'payroll protection' loans The Federal Reserve on Monday moved to bolster a new small-business lending program by allowing banks to turn those loans over to the Fed for cash, easing concerns among banks about getting stuck holding the low interest loans.
Reuters | 1 hour, 29 minutes ago | comment? | recommend
Fed says it will provide financing against new U.S. 'payroll protection' loans The Federal Reserve on Monday moved to bolster a new small-business lending program by allowing banks to turn those loans over to the U.S. central bank for cash, easing concerns among banks about getting stuck holding the low interest loans. The Fed said
Yahoo! News | 2 hours, 14 minutes ago | comment? | recommend
Fed sets up facility to create secondary market for new small business loans The Federal Reserve on Monday said it was setting up a facility to create a secondary market for loans from the Paycheck Protection program started late last week. In a statement, the Fed said it would lend against the loans from the new small business le
MarketWatch.com | 2 hours, 16 minutes ago | comment? | recommend
Wells Fargo says Fed cap is limiting small-business relief Wells Fargo & Co. said it cant fully meet demand from small businesses rushing to participate in a U.S. relief program because of constraints imposed by the Federal Reserve on the banks...To view the full story, click the title link.
Crain's New York Business | 3 hours, 58 minutes ago | comment? | recommend article from New York, New York
Photo from Politico
Former Federal Reserve Chair Janet Yellen calls U.S. economic downturn a "devastating hit" Yellen is predicting a big hit for the second quarter.
Politico | 4 hours, 11 minutes ago | comment? | recommend
Janet Yellen says second-quarter GDP could plunge <p>Former Federal Reserve chair Janet Yellen said the economy is in the throes of an absolutely shocking downturn that is not reflected yet in the current data.</p>
MSN Money | 5 hours, 1 minute ago | comment? | recommend
Fed Goes All Out To Keep Economy Alive During Coronavirus Shutdown The Federal Reserve has moved quickly and creatively to pump money into the rapidly shrinking U.S. economy in hopes of keeping it afloat long enough to outlast the coronavirus pandemic.
NPR.org | 11 hours, 27 minutes ago | comment? | recommend
Photo from United Press International
St. Louis Fed president suggests universal coronavirus testing to restart economy President of the St. Louis Federal Reserve James Bullard suggested some form of widespread testing to reopen the U.S. economy after many businesses have closed due to the global coronavirus pandemic.
United Press International | 22 hours, 44 minutes ago | comment? | recommend
Top Fed official says universal coronavirus testing needed to reopen U.S. economy James Bullard, the CEO and president of the Federal Reserve Bank of St. Louis, disputes the notion that the job market is in freefall, saying Americans are staying at home to invest in national health.
CBS News | Apr 5, 2020 7:37 PM [GMT] | comment? | recommend