Fed's Powell to testify to Congress about tools used to support the economy
Powell and Treasury Secretary Steven Mnuchin are scheduled to appear before the Senate Banking, Housing, and Urban Affairs committee
Most of $500B Treasury fund for coronavirus relief hasn't been distributed, oversight commission finds
The Treasury Fund set aside $46 billion for loans and loan guarantees to the airline industry, none of which has been distributed.
Who is Atlanta Fed President Raphael Bostic?
Bostic is the first African-American to lead any of the Fed's 12 regional reserve banks.
Fed chairman comments send stock futures higher to start the week
Powell says the U.S. will recover, but it will take time
Fed's Powell warns coronavirus recovery could stretch through end of 2021
Powell appeared to push back against the possibility of a so-called "V-shaped" rebound, noting it was "unlikely" the U.S. will bounce back to pre-crisis levels by the end of the year.
Fed's Powell: GDP could sink by 30% in second quarter, may turn positive in third quarter
In a "60 Minutes" interview with Scott Pelley on Sunday, Federal Reserve Chairman Jerome Powell predicted the economy would "decline substantially" in the second quarter, as much as four times compared to the previous year.
US GDP could sink over 40%: Atlanta Fed
The Trump administration's economic team is optimistic that a severe second-quarter slump due to coronavirus shutdowns will be followed by a rapid turnaround.
‘Significant' financial vulnerabilities amid coronavirus pandemic, Fed warns
The Fed warned of major risks if the pandemic proves lengthy or more severe.
Who is Chicago Fed President Charles Evans?
Before working for the Chicago Fed, Evans taught at the collegiate level.
Who is Dallas Fed President Robert Kaplan?
The 63-year-old serves as the president and CEO of the Dallas Fed
Coronavirus pandemic hit poorest Americans the hardest, Fed says
From the beginning of March through early April, 19 percent of adults reported losing a job, being furloughed or having their hours reduced.
Trump wants stronger dollar as coronavirus economic rebound takes hold
Trump touts an economic recovery, a stronger dollar and his hopes for negative interest rates.
Fed's Daly sees slow coronavirus recovery, need for more support
She said getting people back to work is “a project that will last longer than just a few months.”
Who is Minneapolis Fed President Neel Kashkari?
Kashkari serves as the president of the Federal Reserve Bank of Minneapolis.
Fed's Powell rules out negative interest rates, despite Trump pressure
Powell has pledged that interest rates will remain at the historically low level until the U.S. weathers the outbreak of the virus.
Fed's Powell says US economy may need more policy help to avoid 'prolonged recession'
Avoiding a prolonged recession may require additional policy measures, Powell said.
Powell, Trump and a negative interest rate tug of war
Fed Chair Powell will deliver a fresh update on the U.S. economy Wednesday.
What is the Federal Reserve’s balance sheet?
The Fed's balance sheet has become one of its most potent tools in addressing economic fallout from the coronavirus
US consumers' expectations deteriorate 'sharply' in April, Fed says
The survey is a monthly poll based on a rotating panel of 1,300 households.
Fed's Evan says easing coronavirus stay-at-home policies is a 'bold decision with pretty high risks'
The result of the mandated closures has been an economic free fall that experts caution could rival the Great Depression.