Federal Reserve

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.

The Fed's new tool will help organizations classify fraud independently of payment type, payment channel or other payment characteristics. 

The coronavirus crisis and subsequent lockdown has caused a coin shortage for banks across the country, according to Fed's Powell

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.

Traders will get the latest housing market data with May's housing starts and building permits numbers

The group of economists also warned that the virus outbreak and the recession it caused would be "especially damaging" to communities of color

Powell cautioned that an economic downturn is not the time for the federal government to begin reducing the deficit.

FOX Business' Stuart Varney during his latest "My Take” argues that the U.S. economy is coming back "strong" from coronavirus lockdowns.

The Fed responded to the pandemic by taking a range of extraordinary actions to support the economy, including slashing interest rates to near-zero.

Traders will also focus on what are expected to be record retail sales numbers

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

The move will be used to complement its previously announced ETF purchases.

Every U.S. state has started the process of phased reopening, rolling back stay-at-home guidelines and allowing business activity to resume.

Businesses with up to 15,000 employees and $5 billion in revenue can apply for financing through the Fed's Main Street lending program.

Kaplan had previously predicted that unemployment could soar as high as 20 percent. 

No existing currency can contend with the U.S. dollar as the world's reserve currency, according to Marc Chandler, chief market strategist at Bannockburn Global Forex

Bernanke is one of the most influential Fed chairmen in history

In the report, the Fed reiterated the gloomy economic forecast that it released Wednesday, following the Federal Open Market Committee's two-day meeting.

Here’s what you need to know about the wealth of Federal Reserve Chairman Jerome Powell.

A month into efforts to broadly reopen the U.S. economy there is little clarity either on the pace and durability of the recovery, or on the ability to convincingly suppress the virus that has killed more than 112,000 Americans.