Home Tags Federal Reserve

Tag: Federal Reserve

FEDERAL RESERVE Chariman Jerome Powell said that the Fed's lending programs for medium-sized businesses and state and local governments would begin operating by June 1. / AP FILE PHOTO/JACQUELYN MARTIN

Fed’s Powell says new lending programs to launch by June 1

WASHINGTON (AP) – Federal Reserve Chair Jerome Powell said Tuesday that the Fed's lending programs for medium-sized businesses and state and local governments would...

What can the Fed do to help the U.S.

The United States Federal Reserve has committed to do everything it can to save the financial system and the American economy from collapse. Most recently,...
ECONOMIC ACTIVITY in New England was said to have slowed significantly due to COVID-19, however not all sectors were impacted equally.

Fed’s Beige Book sees start of N.E.’s COVID-19 economic slowdown

PROVIDENCE – Economic activity in New England slowed "markedly" from March into April, as expected, with certain sectors hit worse than others, the Federal...
THE FEDERAL RESERVE reported Wednesday that manufacturing output dropped 6.3% in March. / AP FILE PHOTO/TED S. WARREN

Factory shutdowns near WWII demobilization levels in U.S.

WASHINGTON (AP) – American industry collapsed in March as the pandemic wreaked havoc on the United States economy. Manufacturing and overall industrial production posted...
THE FEDERAL RESERVE announced that it is activating up to $2.3 trillion in loans to support American households and businesses, as well as local governments . Above, Federal Reserve Chairman Jerome Powell. / AP FILE PHOTO/JACQUELYN MARTIN

Fed announces $2.3 trillion in additional lending

WASHINGTON (AP) – The Federal Reserve is taking additional steps to provide up to $2.3 trillion in loans to support American households and businesses,...
THE FEDERAL RESERVE announced that it will be buying loans that banks make to small businesses as part of the SBA's small-business lending program. Above, Federal Reserve Chairman Jerome Powell. / AP FILE PHOTO/JACQUELYN MARTIN

Federal Reserve to boost small-business lending efforts

WASHINGTON (AP) – The Federal Reserve said in a brief announcement that it would support the government's $349 billion small-business lending program, which had...
FEDERAL RESERVE Chair Jerome Powell pauses during a news conference in Washington. The Federal Reserve says it will buy short-term loans from banks and companies to support the flow of credit as the economy grinds to a halt amid the viral outbreak. The Fed is reviving a program that it first used during the 2008 financial crisis to unclog a short-term lending market for what is known as “commercial paper.” / AP FILE PHOTO/JACQUELYN MARTIN

Federal Reserve to lend up to $300B to businesses, cities

WASHINGTON (AP) – In a series of sweeping steps, the U.S. Federal Reserve will lend to small and large businesses and local governments as...

To calm panic, Fed must go big or go home

The Federal Reserve is zero-for-two in its fight against Wall Street’s coronavirus panic, seeming to confirm perceptions of the central bank’s impotence. The Fed’s first...
A SHARP DROP in the U.S. stock market triggered another temporary halt Monday. / AP FILE PHOTO/MARY ALTAFFER

Stocks nosedive on Wall Street, triggering another trading halt

NEW YORK (AP) – Stocks dropped 8% in the first minutes of trading Monday on Wall Street and triggered another temporary halt to trading...

Federal interest-rate cuts good for businesses, borrowers but bad for banks

PROVIDENCE – The emergency half-percentage-point cut in the federal interest rate is bad news for banks, at least from a revenue perspective. The Federal Reserve’s...

Stay up to date with PBN's Morning Call & Daily Edition newsletters.

- Featured Event -

Latest News