Yellen: I’m Not Predicting Fed Rate Increases
Treasury Secretary Janet Yellen walked back comments on Tuesday that the Federal Reserve may have to increase rates to deal with inflation.
Fed keeps Key Rate Near Zero, Sees Inflation as ‘Transitory’
The U.S. economy is quickly strengthening, inflation is showing signs of picking up and the nation is making progress toward defeating the viral pandemic.
Powell Defends Fed’s Consideration of Climate Change Risk
Federal Reserve Chair Jerome Powell on Wednesday defended the Fed’s increasing scrutiny of the threat that climate change could pose to the health of the nation’s banks.
Does the Fed Contribute to Inequality?
Analyst and author Karen Petrou questions the unintended consequences of the Federal Reserve’s monetary and regulatory policies on the American economy, financial system and workers.
Fed Expects to Keep Key Rate Near Zero Through 2023
The Federal Reserve foresees the economy accelerating quickly this year yet still expects to keep its benchmark interest rate pinned near zero through 2023, despite concerns in financial markets about potentially higher inflation.
Fed Survey Finds Modest Economic Gains, Office Space Fears
A Federal Reserve survey of business conditions across the United States has found that economic activity was expanding at a modest pace in February, but raised concerns about future demand for office space.
Fed Terminates Enforcement Action with Santander
The Federal Reserve Board has ended its 2017 enforcement action with Santander and its auto lending division over its risk management program.
FedNow to Launch in 2023
The Federal Reserve has narrowed the expected time frame for the launch of its instant payment platform, FedNow Service, but its debut is still at least two years away.
Survey: Mortgage Forbearance Less Than 5 Percent at Most Banks
A majority of lenders last fall had less than 5 percent of residential mortgage loans in forbearance, though more than one-third saw higher forbearance rates, according to the Federal Reserve’s October 2020 “Senior Loan Officer Opinion Survey on Bank Lending Practices.”
Fed Stresses Commitment to Low Rates as Economy Stumbles
Chair Jerome Powell said Wednesday that the Federal Reserve will keep pursuing its low-interest rate policies until an economic recovery is well underway, acknowledging that the economy has faltered in recent months.
Fed Keeps Rates Near Zero, Foresees Brighter 2021
The Federal Reserve said Wednesday that it will keep buying government bonds until the economy makes “substantial” progress, a step intended to reassure financial markets and keep long-term borrowing rates low indefinitely.
Fed to Weigh Further Options to Aid an Economy in Peril
The Federal Reserve’s policymakers face an unusual conundrum as they meet this week: A short-term economic outlook that is worsening even while the longer-term picture is brightening thanks to the emergence of coronavirus vaccines.
Latest Fed Beige Book Reflects Uneven, Plodding New England Economy
The regional economy continued its plodding recovery during October and into November but persistent uncertainty fogs a cautiously optimistic outlook for the coming months.
Mnuchin Denies Trying to Limit Biden’s Economic Options
Treasury Secretary Steven Mnuchin denied on Friday that he is attempting to limit President-elect Joe Biden’s options for reviving the pandemic-damaged economy by ending several emergency loan programs being run by the Federal Reserve.
Mnuchin, Fed Feud Over Loan Programs’ Fate
Treasury Secretary Steven Mnuchin said Thursday he will not extend several emergency loan programs set up with the Federal Reserve. The decision drew a terse rebuke from the Fed.
Trump’s Latest Controversial Fed Nominee Stalls in Senate Test Vote
The nomination of Judy Shelton, President Donald Trump’s controversial pick for the Federal Reserve, is stalled in the Senate after Vice President-elect Kamala Harris returned to the chamber to cast a key vote in a tally Tuesday.
Fed Sees Risks to Financial Stability from Climate Change
The Federal Reserve has added a discussion about climate change to its Financial Stability Report for the first time, noting vulnerabilities the financial system could face in the years ahead.
Fed Signals Readiness to Do More for Economy
The Federal Reserve kept its benchmark interest rate at a record low near zero Thursday and signaled its readiness to do more if needed to support an economy under threat from a worsening coronavirus pandemic.
Feds Fine Citigroup $400M Over Faulty Risk Management
Citigroup has agreed to pay a $400 million fine imposed by U.S. regulators for failing to shore up the bank’s operations.
Fed Survey Shows Branches Still Popular with Families Pre-Pandemic
Even as more families used online banking in 2019, most also continued to visit bank branches, according to a recent Federal Reserve survey.
