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The Federal Reserve said Friday it would comply with a Treasury Department request to return unused funds meant to backstop five emergency lending programs, moving to tamp down a public rift that arose a day earlier.November 20
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Analysts, issuers and lawmakers have mixed responses to the closure of the Municipal Liquidity Facility with some saying the move puts the municipal market in a precarious spot as COVID-19 continues to ravage the country.November 20
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While the facilities' availability inspired market confidence, the fact that $455 billion remains unused suggests shutting down the programs is unlikely to cause major problems, analysts say.November 20
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Treasury Secretary Steve Mnuchin told Fed Chair Jerome Powell to end most emergency lending programs created earlier this year, including the MLF, on Dec. 31.November 19
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Three of the world’s top central bankers warned Thursday that the prospect of a COVID-19 vaccine isn’t enough to put an end to the economic challenges created by the pandemic.November 12
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Opening a bank or investment account — or even securing employment in a racism-free workplace — is out of reach for many Black Americans.November 9
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How “progressive” the new leadership decides to act will affect what roles the Fed will need to assume and support. Greater transparency and responsiveness to congressional leadership will be primary among themNovember 2
Chief Economic AdviserKeel Point
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Fed Chair Jerome Powell said the government shouldn't worry about "overdoing it."October 6
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Federal Reserve Chairman Jerome Powell faced questions from U.S. lawmakers Wednesday over the central bank’s help for Americans compared with markets.September 23
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Most panelists don't expect rates to budge in the three-year projection horizon.September 16
