Fed Expands Main Street Lending Program After ABA Advocacy
The Federal Reserve today announced several adjustments to the Main Street Lending Program intended to facilitate participation by more small ...
Tag: Federal Reserve
FOMC Minutes: Members See Economic Activity Declining at ‘Unprecedented Rate’ in Q2
Members of the Federal Reserve Open Market Committee said they expect economic activity in the second quarter to “decline at ...
Powell Warns of Longer-Term Economic Consequences of Coronavirus Pandemic
Testifying before the Senate Banking Committee today, Federal Reserve Chairman Jerome Powell flagged risks that could arise if the economic ...
Powell: Fed Could Further Tweak Main Street Lending Program ‘As We Learn More’
In testimony published ahead of tomorrow’s Senate Banking Committee hearing, Federal Reserve Chairman Jerome Powell noted that “public input has ...
Fed: Financial Sector Likely to See Near-Term Strain Due to Coronavirus
Financial sector vulnerabilities are “likely to be significant in the near term,” as the coronavirus pandemic continues to take a ...
Powell: More Fiscal Support May Be Needed to Address Economic Effects of Coronavirus
Policymakers “ought to do what we can” to avoid a prolonged period of recession as a result of the coronavirus ...
Fed to Disclose Borrower Names, Loan Information for PPPLF Participating Institutions
The Federal Reserve today said it will identify, on a monthly basis, certain information about participants in the Paycheck Protection ...
Top Regulators Discuss MSLP, Other Measures to Aid in Coronavirus Response at Senate Hearing
Getting the Main Street Lending Program facilities up and running is a “top priority” for the Federal Reserve, Vice Chairman for Supervision Randal ...
Quarles Praises Financial Industry Performance During Pandemic in Senate Testimony
The financial industry entered the coronavirus pandemic in a position of strength and has continued to support lending to businesses ...
Fed: Banks Entered Coronavirus Pandemic in Strong Condition
The nation’s banks “entered the current crisis well positioned to support continued lending” during the pandemic, the Federal Reserve said ...
