While the U.S. economy is showing positive signs that a recovery is underway, Federal Reserve Vice Chairman for Supervision Randal Quarles today cautioned that “risks remain weighted to the downside.”
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The Federal Reserve today issued an advance notice of proposed rulemaking on updating the agency’s three-decade-old Community Reinvestment Act regulations.
The Federal Reserve today clarified its expectations for lenders when underwriting Main Street Lending Program loans.
As the coronavirus pandemic continues to cause tremendous human and economic hardship across the country the Federal Reserve will aim to achieve inflation “moderately above 2% for some time” the Federal Open Market Committee said today.
In a letter today, American Bankers Association offered several recommendations for the Federal Reserve to consider as it continues to develop its FedNow service.
Certain segments of the economy were beginning to show improvement in recent days, but the trajectory of the economy overall will continue to depend on the course of the coronavirus, according to minutes from the most recent Federal Open Market Committee meeting released today.
The Federal Reserve today released more details about its forthcoming FedNow service to provide real-time payments settlement and clearing, including phased elements of the FedNow service.
With the economy still experiencing significant disruptions due to the coronavirus pandemic, the Federal Reserve will maintain the target range for the federal funds rate at 0 to 0.25%, the Federal Open Market Committee announced today.
The Federal Reserve today announced it will extend temporary U.S. dollar swap lines and the temporary repurchase agreement facility for foreign and international monetary authorities through March 31, 2021.
With the COVID-19 pandemic continuing to disrupt the normal circulation of coinage in the U.S. economy, the U.S. Coin Task Force convened by the Federal Reserve issued a statement Friday describing the circulation slowdown and urging consumers to get coins back into use.