Federal Reserve

The Federal Reserve announced on Tuesday that it has extended the termination date of Main Street Lending Program facilities to Jan. 8, 2021.

Homebuilders are blown away by the housing market's strength.

The U.S. dollar on Thursday plunged to a more than 2.5-year low against a basket of its peers after the Federal Reserve pledged to keep interest rates low until the economy shows signs of a sustainable recovery.

Traders will examine the latest jobless figures as well as housing starts

Federal Reserve Chair Jerome Powell on Wednesday said he has been in contact with President-Elect Joe Biden’s transition team, including his predecessor at the central bank – Janet Yellen – who has been tapped to lead the Treasury Department.

The Fed is now more optimistic on the economy next year.

The Fed chair said it would be “bad” to see people lose their livelihoods because they couldn’t make it through the last few months of the economic turmoil.

The U.S. central bank, as widely expected, held the benchmark federal funds rate at a range between 0% and 0.25%, where it has been since mid-March. 

Fed Chair Powell wraps up a historical 2020 for policymakers.

Investors will also get reports on manufacturing, services and housing

Fed officials at the median saw the economy growing 4% next year and the unemployment rate falling to 5.5%. Analysts expect both figures to be upgraded

One of Trump's two nominees for the Federal Reserve Board of Governors made the cut.

Lockdowns are hitting regional economies.

Sen. Elizabeth Warren, D-Mass., continued her push for the cancelation of student loan debt Tuesday, making her case to Federal Reserve Chairman Jay Powell that President-elect Joe Biden should immediately take action when he takes office in January. 

Federal Reserve Chairman Jerome Powell warned the pace of the U.S. economic recovery from the coronavirus pandemic has moderated in recent months and said the outlook remains "extraordinarily uncertain" amid a recent surge in infections across the country.

The move was lauded by the Federal Reserve Board, which urged the renewal of the programs to provide a strong safety net during the pandemic.

President-elect Joe Biden on Monday formally announced former Federal Reserve Chair Janet Yellen as his pick for Treasury secretary.

Treasury Secretary Steven Mnuchin is expected to move $455 billion in unspent coronavirus stimulus money into a fund that the incoming Biden administration cannot deploy without congressional approval.

Yellen was the first women to head the Federal Reserve.

Key Federal Reserve lending programs born amid the COVID-19 pandemic will be allowed expire at the end of the year.