Federal Reserve

The loans will provide support to households and businesses of all sizes and help governments deliver critical services to combat disruptions caused by the COVID-19 pandemic.   

FOX Business interviewed nearly a dozen small business owners about the government's virus-related small business loan program – intended to give these companies access to cheap capital until the worst of the pandemic is over and the economy can recover. Their stories are strikingly similar.

The central bank on Wednesday released minutes from two emergency meetings, held on March 2 and March 15.

The Federal Reserve on Wednesday said it would temporarily ease its asset cap on Wells Fargo to encourage the bank to lend to small businesses harmed by the outbreak of coronavirus.

Bernanke believes it could be a couple years before the economy regains its footing.

More than $40 billion worth of PPP loans to small businesses had been processed as of Monday afternoon.

The report was conducted between March 2 and March 31, when jurisdictions across the country directed millions to stay at home

Jerome Powell's coronavirus response has made Trump a fan of the Fed.

Rosengren believes that Congress will make a fourth aid package to stimulate the economy and help small businesses.

Rising rates would be an ominous development, particularly amid the economic fallout of the COVID-19 pandemic, making it costlier for the U.S. to roll over its $23 trillion of debt as it comes due.  

Bullard’s comments follow a bleak analysis by St. Louis Fed economists, which projected that unemployment could hit 32 percent in the second quarter.

The borrowing spree happened because regulators had “few, if any” tools to rein it in and because low interest rates made it easier for companies to borrow, she said.

BlackRock will assist the Federal Reserve with its purchases of commercial mortgage-backed securities.

The Fed bought $355 billion of Treasuries and mortgage-backed bonds in the last week in what is now an open-ended commitment to stabilize financial markets.

Yields on U.S. 1-month and 3-month bills turned negative for the first time since 2015.

Powell said that a rebound from a coronavirus-induced recession will likely be "solid."

Short-term yields, which broadly reflect the federal funds rate, have fallen dramatically since the Federal Reserve cut its key interest rate to nearly zero earlier this month.

Gold will benefit from the Fed's open-ended asset purchases and the government's massive stimulus plan, Peter Schiff says.

The Federal Reserve has committed to doing whatever it takes to support the U.S. economy in the wake of the COVID-19 pandemic.

Wall Street and some other stock markets have lost nearly one-third of their value over the past month