Tagged: us federal reserve

US Federal Reserve Commits to Keep Interest Rates Near Zero as Economy Stumbles

  The US Federal Reserve issued a statement today indicating its intent to leverage all of its tools to help prop up the COVID-19 infected economy. The Fed said it is “committed to using its full range of tools to support the U.S. economy in… Read More

Federal Reserve Chair Jerome Powell Delivers Speech on COVID-19 Driven Fed Actions: Recovery Can be Robust

Federal Reserve Chairman Jerome Powell delivered a speech today following the announcement of historic actions being taken by the central bank to stem the collapse of the once strong US economy. Earlier today, the Fed announced an unprecedented $2.3 trillion vehicle to backstop the economy… Read More

US Federal Reserve to Establish Facility to Back Paycheck Protection Program

The US Federal Reserve, the central bank of the US, will establish a facility to facilitate lending to small businesses via the Small Business Administration’s Paycheck Protection Program (PPP) by providing term financing backed by PPP loans. The news was distributed in a very brief… Read More

Coronavirus: US Federal Reserve Takes Extensive Action to Stem Economic Hardship

The US Federal Reserve has announced “extensive” measures to support the economy that has struggled as the Coronavirus pandemic (COVID-19) has devastated both small and large industries. The Fed said that while great uncertainty remains, it has become clear that our economy will face severe… Read More

Fed Chairman Powell Asked about CBDCs: “It’s an Open Question”

Chairman of the Board of Governors of the Federal Reserve System, Jerome Powell, is on Capital Hill today testifying in front of the House Financial Services Committee. During the Q&A portion of the Hearing, Powell was asked specifically about Central Bank Digital Currencies (CBDCs) and… Read More

Federal Reserve Chairman Jerome Powell Comments on Libra Crypto at FOMC Press Briefing

Following today’s FOMC meeting where the US Federal Reserve announced no change in interest rates at this time, Fed Chair Jerome Powell was asked a question about crypto. In the Q&A session that typically accompanies the FOMC statement, one reporter asked Powell if he was… Read More

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