Federal Reserve

Wells Fargo WFC -1.93% & Co. unloaded hundreds of millions of dollars of assets during this spring’s market collapse to stay out of trouble with the Federal Reserve.

Herman Cain, a staunch defender of capitalism and the entrepreneurial spirit, had a decades-long business career with the Pillsbury Company and the Federal Reserve Bank of Kansas City.

GDP, jobless claims and tech earnings are on tap

The Federal Reserve on Wednesday pledged to continue taking aggressive action to support the U.S. economy as the recovery has started to plateau.

Traders will be watching earnings, tech and the Fed

The Fed is working toward providing more specific guidance on the conditions it would need to see before considering raising interest rates

Joe Biden plans to call for the Federal Reserve to play a bigger role in addressing racial economic inequality

The Federal Reserve begins a two-day meeting on Tuesday

Gold has left other investments in the dust this year climbing nearly 27 percent

Officials have warned this month in speeches and interviews that the economy faces a deeper downturn and more difficult recovery if the country doesn't take more effective action to slow the spread of infection.

A Virginia Chick-fil-A is offering customers food vouchers in exchange for coins to avoid going cashless amid a nationwide coin shortage due to the coronavirus pandemic. 

Some analysts see recent signs of a "melt-up" in which investors are buying things simply because they are rising, with little regard for economic fundamentals or the mixed signals sent by assets including stocks and bonds rising together.

Gold within the vault is protected by an intricate security system that features 24-hour surveillance including an armed police force, security cameras and motion detectors and a 90-ton steel cylinder defending the only entry, among other things, the New York Fed said.

Sen. Mitt Romney, R-Utah, plans to vote against confirming President Trump's choice of Judy Shelton for the Federal Reserve board of governors, Fox News has learned.

The SBA has disbursed $518 billion in aid to date, meaning that each job supported by PPP money cost about $224,000, the researchers estimated.

Deliberations at their July 28-29 meeting could determine how soon officials can finalize any plans, which would be unveiled either at their September meeting or later this fall, according to interviews and public statements.

The Senate Banking Committee approved the two who will now head to the full Senate for a confirmation vote.

The committee's support would move Shelton's nomination to the full Senate

The central bank also changed the minimum employee provision for nonprofits to 10 from 50, allowing smaller groups to participate.

U.S. businesses saw an uptick in activity into the beginning of July as states eased restrictions to contain the novel coronavirus pandemic, but were uncertain about the outlook.