Fed lending program for state, local governments up and running
The Fed created the $500 billion facility to directly purchase state and local debt.
Fed's Bullard: Expanded unemployment pay not appropriate as recovery takes hold
Bullard said policymakers should consider incentives for workers to return to their jobs instead
Fed's Beige Book reports coronavirus pandemic triggered 'sharp' decline in US economic growth
Most of the Fed’s 12 districts reported a sharp decline in economic activity, the central bank said.
Who is San Francisco Fed President Mary Daly?
The San Francisco Fed represents the twelfth district in the U.S., which is the nation's largest by area and population.
Fed's Bullard warns prolonged coronavirus lockdown could trigger an economic depression
In the nine weeks since the economy came to a grinding halt, 38.6 million Americans have lost their jobs.
Trump: Fed, economy has a lot of ammunition left but we won't need it
President Trump assured reporters Thursday that the Federal Reserve and the Treasury have "a lot of ammunition left" to help combat the coronavirus pandemic.
Fed's Vice Chair says bank's actions have bought time for economy
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.
Who is Cleveland Fed President Loretta Mester?
In 2018, she was a candidate for the Fed's vice chair position; however, the role ultimately went to Richard Clarida.
Fed's Powell says US economy faces 'whole new level' of uncertainty amid coronavirus pandemic
In the past eight weeks, the Fed has pumped nearly $2.9 trillion into the economy.
Fed's Rosengren says US unemployment rate could remain in double digits at end of 2020
Rosengren said he expects unemployment to remain well above the pre-crisis level of 3.5 percent at the end of 2020.
Fed officials say coronavirus outbreak poses 'considerable risk' to US economy
The Fed has already taken a range of extraordinary actions to support the economy, including slashing interest rates to near-zero.
Who is Boston Fed President Eric Rosengren?
He joined the Boston Fed in 1985 as an economist in the research department.
Who is St. Louis Fed President James Bullard?
Bullard was earning about $339,700 per year, on the low end of the 12 district banks.
Stock futures pause following rally on vaccine hopes and economies reopening
Powell and Treasury Secretary Steven Mnuchin are scheduled to testify to Congress about measures taken to support the economy
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.