Federal Reserve
Some stories require a subscription to access the full source article.
Oversight Member Blasts the Fed’s Efforts to Rescue Main Street
By Jeanna Smialek
August 7, 2020, The New York Times
The Federal Reserve’s first-ever attempt to lend money to midsize businesses was destined to be a challenge. The push has …
Read More →
Fed, Treasury feel heat from lawmakers on ‘Main Street’ design
By Victoria Guida
August 6, 2020, Politico
House Coronavirus Crisis Subcommittee Chair Jim Clyburn on Thursday pressed the Federal Reserve and Treasury Department on why they didn’t include job retention …
Read More →
Biggest U.S. Banks Have More Than $150 Billion of Deferred Loans
By Payne Lubbers
August 5, 2020, Bloomberg
The four largest U.S. banks had at least $151.5 billion of loans with payments in deferral at midyear as borrowers from small businesses …
Read More →
SOFR basis blows out amid CCP discounting changes
By Robert Mackenzie Smith
August 5, 2020, Risk
The price difference between longer-dated interest rate swaps benchmarked to the secured overnight financing rate (SOFR) and the effective federal funds rate …
Read More →
Covid Supercharges Federal Reserve as Backup Lender to the World
By Serena Ng and Nick Timiraos
August 3, 2020, The Wall Street Journal
When the coronavirus brought the world economy to a halt in March, it fell to the U.S. …
Read More →
Fed Headed for a Clash With Hedge Funds, Other Shadow Banks
By Rich Miller and Jesse Hamilton
August 3, 2020, Bloomberg
The Federal Reserve and other central banks are heading for a collision with shadow lenders — the firms with a …
Read More →
U.S. banks tightened lending standards, loan demand dropped in Q2, Fed says
By Ann Saphir
August 3, 2020, Reuters
Loan officers at U.S. banks reported tightening standards and terms on all types of business, real estate and consumer loans in the second …
Read More →
Fed Weighs Abandoning Pre-Emptive Rate Moves to Curb Inflation
By Nick Timiraos
Aug. 2, 2020, The Wall Street Journal
The Federal Reserve is preparing to effectively abandon its strategy of pre-emptively lifting interest rates to head off higher inflation, …
Read More →
Fed’s Kashkari suggests 4-6 week shutdown; says U.S. Congress can spend big on coronavirus relief
By Tim Ahmann
August 2, 2020, Reuters
The U.S. economy could benefit if the nation were to “lock down really hard” for four to six weeks, a top Federal Reserve …
Read More →
FOMC to continue “large-scale” repos
By Oliver Wade
July 30, 2020, Global Investor Group
The Federal Open Market Committee (FOMC), a committee within the US Federal Reserve System, said it will continue to offer “large-scale” …
Read More →
