Who is the richest Federal Reserve president?
The wealthiest person to lead the U.S. central bank was Marriner Eccles, who held the position from 1934 to 1948
How much does a Federal Reserve chair earn?
In his capacity as chairman of the world's most powerful central bank, Powell is tasked with trying to ensure that, once the virus outbreak subsides, the American economy can return to pre-crisis levels.
Coronavirus pandemic poses new challenge to US economy: a coin shortage
The coronavirus crisis and subsequent lockdown has caused a coin shortage for banks across the country, according to Fed's Powell
Fed's Powell: A stronger job market is key to combating inequality
Powell did not endorse specific proposals. But he said Congress should avoid a mistake it made during the last recession of pulling back on support too quickly.
Fed's Powell warns Congress that US deficit on 'unsustainable' path
Powell cautioned that an economic downturn is not the time for the federal government to begin reducing the deficit.
Fed's Powell stresses full US economic recovery hinges on virus control
The Fed responded to the pandemic by taking a range of extraordinary actions to support the economy, including slashing interest rates to near-zero.
Lending, spending and rates: What to watch at Powell's hearing
Powell returns to Congress on Tuesday for his semiannual testimony after a four-month interval in which unemployment rose from a 50-year low to an 80-year high
Fed's Main Street lending facility is officially open for business
Businesses with up to 15,000 employees and $5 billion in revenue can apply for financing through the Fed's Main Street lending program.
What is Jerome Powell’s net worth?
Here’s what you need to know about the wealth of Federal Reserve Chairman Jerome Powell.
Fed chairman Powell condemns racism amid nationwide protests
Federal Reserve chairman Jerome Powell condemns racism and says that "everyone deserves the opportunity to participate fully in our society and our economy."
Fed's Powell suggests Congress may need to do more to support unemployed Americans
Congress has passed three massive stimulus packages totaling close to $3 trillion to blunt the economic pain from the outbreak of the virus.
Fed expects interest rates to remain near zero through 2022, GDP to rebound by 5% next year
The Fed responded to the pandemic by taking a range of extraordinary actions to support the economy.
Stock futures trade mixed ahead of Fed meeting
The Fed will also provide its outlook for economic growth, inflation and unemployment
Fed likely to stress ability to further aid economy
The Fed will also provide its outlook for economic growth, inflation and unemployment
Fed says beating pandemic is key, but how will it know things are better?
The Fed ends its two-day meeting on Wednesday afternoon
What is forward guidance, and how does the Fed use it?
Forward guidance is a fairly straightforward tool the Fed relies on to insulate the economy.
Powell: Fed is 'days away' from making first loans through Main Street lending facility
Businesses with up to 15,000 employees and $5 billion in revenue can apply for financing through the $600 billion Main Street Lending Program.
Fed's Powell says US economy faces 'whole new level' of uncertainty amid coronavirus pandemic
In the past eight weeks, the Fed has pumped nearly $2.9 trillion into the economy.
Fed officials say coronavirus outbreak poses 'considerable risk' to US economy
The Fed has already taken a range of extraordinary actions to support the economy, including slashing interest rates to near-zero.
Fed's Powell says crisis lending programs will be 'up and running' by end of May
The Treasury Department has announced five lending facilities to deploy other portions of the money, but has not invested in them yet.