Federal Reserve

Gold has been used as a medium of exchange for thousands of years.

Forward guidance is a fairly straightforward tool the Fed relies on to insulate the economy.

Businesses with up to 15,000 employees and $5 billion in revenue can apply for financing through the $600 billion Main Street Lending Program.

In his role as leader of the Richmond Fed, Barkin, 59, is responsible for the bank's monetary policy, bank supervision and regulation and payment services.

The New York Fed is the largest of the 12 district banks in terms of assets and is responsible for purchasing and selling outstanding U.S. Treasury securities. 

George is not a member of the rate-setting Federal Open Market Committee this year; she will return as an alternate member in 2021.

The Fed created the $500 billion facility to directly purchase state and local debt.

Bullard said policymakers should consider incentives for workers to return to their jobs instead

Most of the Fed’s 12 districts reported a sharp decline in economic activity, the central bank said.

The San Francisco Fed represents the twelfth district in the U.S., which is the nation's largest by area and population.

In the nine weeks since the economy came to a grinding halt, 38.6 million Americans have lost their jobs.

President Trump assured reporters Thursday that the Federal Reserve and the Treasury have "a lot of ammunition left" to help combat the coronavirus pandemic.

The Federal Reserve's actions so far have helped buy time for the U.S. economy through looser financial conditions, though that could be threatened if the coronavirus pandemic and related downturn persist, Fed Vice Chair Richard Clarida said on Thursday.

In 2018, she was a candidate for the Fed's vice chair position; however, the role ultimately went to Richard Clarida. 

In the past eight weeks, the Fed has pumped nearly $2.9 trillion into the economy.

Rosengren said he expects unemployment to remain well above the pre-crisis level of 3.5 percent at the end of 2020.

The Fed has already taken a range of extraordinary actions to support the economy, including slashing interest rates to near-zero.

He joined the Boston Fed in 1985 as an economist in the research department.

Bullard was earning about $339,700 per year, on the low end of the 12 district banks.

Powell and Treasury Secretary Steven Mnuchin are scheduled to testify to Congress about measures taken to support the economy