The Federal Reserve’s efforts include a program that will purchase short-term notes directly from states, large U.S. counties and cities. Fed Chairman Jerome Powell on Wednesday called on Congress to pass more fiscal stimulus, saying it wouldn't be wasted. Here's what the current federal reserve interest rates are and why they matter. All quotes are in local exchange time. Fed Vice Chairman Richard Clarida said Monday he wasn't worried by the recent rise in long-term bond yields, saying the level remains accommodative. The U.S. blood supply is so low, blood banks are offering donors VIP Jets tickets or Krispy Kreme donuts for a year, Why the 2020s could favor market-timers over buy-and-hold U.S. stock investors, First lady Melania Trump unveils White House Christmas decorations after making controversial comments about the tradition, U.S. is heading for 100,000 COVID-19 patients in hospitals as experts worry about a coming Thanksgiving travel spike, Virgin Galactic stock gains after company schedules new flight, BlackBerry's stock soars after development agreement with Amazon's AWS. New York Fed President John Williams said Wednesday he's more upbeat about the longer-run U.S. economic outlook than he was only two months ago. News about Federal Reserve (The Fed), including commentary and archival articles published in The New York Times. November 25, 2020, Letter from Chair Powell to Secretary Mnuchin regarding emergency lending facilities (November 20, 2020), Funding, Credit, Liquidity, and Loan Facilities, Reports on Funding, Credit, Liquidity, and Loan Facilities, Minutes of the Board's discount rate meeting from October 5 through November 5, 2020, Federal Reserve Board welcomes and supports release of proposal and supervisory statements that would enable clear end date for U.S. Dollar (USD) LIBOR and would promote the safety and soundness of the financial system, Agencies issue statement on LIBOR transition, Federal Reserve Board releases results of survey of senior financial officers at banks about their strategies and practices for managing reserve balances, Federal Reserve Board announces extension through March 31, 2021, for several of its lending facilities that were generally scheduled to expire on or around December 31, Speech by Governor Brainard on modernizing and strengthening CRA regulations, Speech by Governor Bowman on the changing structure of mortgage markets and financial stability, Speech by Governor Brainard on strengthening diversity and inclusion in economics, Speech by Vice Chair Clarida on the Federal Reserve's new framework, Testimony by Chair Powell on the Coronavirus Aid, Relief, and Economic Security Act, Testimony by Vice Chair for Supervision Quarles on the Supervision and Regulation Report, Vice Chair for Supervision Randal K. Quarles, Testimony by Chair Powell on Coronavirus Aid, Relief, and Economic Security Act, Testimony by Kent Hiteshew, Deputy Associate Director, Division of Financial Stability, on the Municipal Liquidity Facility, Kent Hiteshew, Deputy Associate Director, Division of Financial Stability, Testimony by Sheila Clark, Program Director, Office of Diversity and Inclusion, on diversity and inclusion, Testimony by Sheila Clark, Program Director, Office of Diversity and Inclusion, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue N.W., Washington, DC 20551, Last Update: Chicago Fed President Charles Evans said Friday the decision by the Treasury Department to end some of the joint emergency lending programs was a disappointment. The Fed said it wanted all of the programs to continue. ET Hedge-fund selling of Treasurys did play a role in the dysfunction of the market but there were other major players that contributed to the turmoil, a Fed report shows. This browser is no longer supported at MarketWatch. News headlines today: Nov. 30, 2020 ... Federal Reserve policymakers signaled Wednesday that their benchmark short-term interest rate will likely remain at … Bond yields have moved higher this week as financial markets digested positive news about the development of a vaccine for COVID-19 and not about worries about a spike in inflation, said New York Fed President John Willia... Fed Chairman Jerome Powell said the promising news of a possible COVID-19 vaccine was good news for the medium-term but the next few months could still be challenging. The October retail sales data fits with a sense of a weaker fourth quarter and the Fed is watching to see if this weakness portends something deeper, Atlanta Fed President Raphael Bostic says. Federal Reserve officials indicated they expected the economic recovery from the pandemic-induced recession would be a slow one, with rates near zero for years. Federal Reserve Board announces termination of enforcement action Press Release - 11/24/2020 . Give Americans a stimulus check by Christmas or small businesses will have an unhappy new year, Fed’s Evans says he’s disappointed by Treasury decision to end emergency loan programs, Mnuchin pulls plug on some coronavirus emergency lending programs over Fed’s objections, Fed’s Kaplan says double-dip recession is a possibility, Fed’s Williams more optimistic for economy owed partly to vaccine progress, Powell says need for more fiscal spending is greater than it’s been in a long time, Fed’s Bostic says softer retail sales data fits the picture of a weaker Q4, Fed’s Clarida: Recent rise in 10-year bond yield is not a concern, Fed’s Bullard downplays need for additional massive fiscal stimulus, says job market recovery has been much stronger than last recession, Fed’s Williams says recent rise in Treasury yields is due to vaccine news, not inflation concerns, Powell says COVID-19 vaccine not an immediate panacea, Hedge-fund selling was not ‘primary driver’ of Treasury market turmoil, Fed study says, Powell insists Fed is not out of fire power to support the economy, The FOMC and Fed governors have become less important as decision-making revolves around Chairman Powell, Fed’s Bostic on why the South has the lowest unemployment rate in the country, Powell says U.S. economy needs more fiscal support. The Federal Reserve on Thursday took no immediate steps to ease its monetary policy but Fed Chairman Jerome Powell said the central bank was not out of moves if the economy needs additional support.
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Latest news, headlines, analysis, photos and videos on Federal Reserve The FOMC meets 8 times a year and consists of 12 members. The Federal Reserve called a third emergency meeting to combat the economic impact of the novel coronavirus and unveiled a number of new and “extensive” measures on Monday. For the best MarketWatch.com experience, please update to a modern browser.
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