Fed's Powell to testify to Congress about tools used to support the economy
Powell and Treasury Secretary Steven Mnuchin are scheduled to appear before the Senate Banking, Housing, and Urban Affairs committee
Fed's Powell warns coronavirus recovery could stretch through end of 2021
Powell appeared to push back against the possibility of a so-called "V-shaped" rebound, noting it was "unlikely" the U.S. will bounce back to pre-crisis levels by the end of the year.
Fed's Powell: GDP could sink by 30% in second quarter, may turn positive in third quarter
In a "60 Minutes" interview with Scott Pelley on Sunday, Federal Reserve Chairman Jerome Powell predicted the economy would "decline substantially" in the second quarter, as much as four times compared to the previous year.
Fed's Powell rules out negative interest rates, despite Trump pressure
Powell has pledged that interest rates will remain at the historically low level until the U.S. weathers the outbreak of the virus.
Fed's Powell says US economy may need more policy help to avoid 'prolonged recession'
Avoiding a prolonged recession may require additional policy measures, Powell said.
Powell, Trump and a negative interest rate tug of war
Fed Chair Powell will deliver a fresh update on the U.S. economy Wednesday.
Despite coronavirus crisis, Fed says US banks still in good shape
Most large banks in the nation reported slightly lower common equity tier 1 ratios, a key measure of their financial strength.
Who is Jerome Powell?
Powell is a registered Republican and has sat on the Fed's Board of Governors since 2012.
Consumer debt surged to $14.3T before worst of coronavirus crisis, Fed says
The balance is roughly $1.6 trillion higher than the peak during the 2008 financial crisis.
Fed expands Main Street lending program to include bigger businesses
The U.S. central bank initially launched the lending program to help get money to small- and medium-sized businesses impacted by the coronavirus pandemic
Fed Chair Powell ready to toss small businesses another lifeline
Powell explains why the "Main Street Lending" program is critical to small businesses.
Fed's Powell says US economy 'may need more support' for recovery to be 'robust'
Policymakers vowed to use their "tools and act as appropriate to support the economy"
Fed pledges to keep interest rates near zero until coronavirus-battered economy recovers
The central bank has used its full firepower to insulate the economy from the coronavirus pandemic.
Federal Reserve likely to pledge support for ailing economy
The Fed's policy statement comes out at 2 p.m. Eastern
Powell expects 'robust' economic recovery from coronavirus downturn
Powell said policymakers at the U.S. central bank are committed to using the full scope of their vast powers to support the economy.
Fed to hold interest rates near zero until US weathers 'recent events,' minutes reveal
The central bank on Wednesday released minutes from two emergency meetings, held on March 2 and March 15.
Trump, Fed's Powell conferred as coronavirus slammed US markets
Jerome Powell's coronavirus response has made Trump a fan of the Fed.
Fed's Bullard optimistic on coronavirus recovery in fourth quarter: 'We'll be in full throttle again'
Bullard’s comments follow a bleak analysis by St. Louis Fed economists, which projected that unemployment could hit 32 percent in the second quarter.
Fed's Powell says US economy may already be in a recession
Powell said that a rebound from a coronavirus-induced recession will likely be "solid."
Fed's coronavirus action makes Trump 'very happy' with Powell
Fed Chair Jerome Powell has more tools to use, says Trump, to help the coronavirus hit to the economy.












