Millions of Americans out of work will be kicked off of unemployment insurance benefits after Christmas, as the U.S. economy grapples with rapidly rising COVID cases.
Federal Reserve officials are publicly saying they would have preferred the Treasury keep funding emergency loan programs.
Key lawmakers told the Federal Reserve and the Treasury Department Tuesday that they may have to return to Congress to reopen several emergency loan programs set to expire at the end of the year.
Former Fed Chair Janet Yellen is President-elect Joe Biden's pick to serve as the 78th Treasury Secretary of the US. If confirmed, she would be the first woman to ever hold the role.
Former special inspector general of TARP Neil Barofsky said the Treasury is violating the law in locking away $455 billion in funds away from the Biden administration.
Former Fed Chair Janet Yellen will reportedly serve as the 78th Treasury Secretary of the US. If confirmed, she would be the first woman to ever hold the role.
The Fed said it will return the unused money allocated to it by the Treasury to set up its emergency support programs during the COVID-19 crisis.
After instructing the Fed to let most of its emergency lending facilities expire, the Treasury is now getting pushback from the central bank, which maintains the help is still needed.
Richmond Fed President Tom Barkin said Wednesday that positive developments on a COVID-19 vaccine are providing more certainty to businesses, but warned that the months before widespread vaccination will be “challenging.”
President Donald Trump’s year-long effort to install Judy Shelton at the Fed fell short on Tuesday, as COVID quarantines and a lack of GOP support sank her nomination.
Fed Chairman Jay Powell committed to keeping monetary policy accommodative "for as long as it takes until the job is well and truly done."
Former Trump economic adviser Judy Shelton’s bid to join the Fed may be at risk of falling short, with two GOP senators quarantining due to COVID-19.
The heads of the ECB, BOE and Fed offered a cautious outlook on the global economy despite the developments on a COVID-19 vaccine.
Months after opening up its emergency loans to nonprofit organizations, the Fed has officially extended a Main Street loan to its first borrower: the Sun Belt Conference
The Fed has added climate change to its list of risks to the financial system, calling on financial firms to improve transparency on how they price climate risks.
A Joe Biden presidency with a GOP-controlled Senate could spell out a victory for another Washington figure: Federal Reserve Chairman Jerome Powell.
Fed Chairman Jay Powell said Thursday that the central bank can expand its quantitative easing program and extend its various liquidity facilities.
Markets could be in for a bumpy ride with the many possible outcomes on Election Day, including scenarios where the outcome isn’t known for days.
The Federal Reserve's policy announcement on Thursday is being overshadowed by the election, but little new is expected from the central bank.
As the country’s largest banks attempt to bring their employees back to work, the Federal Reserve is keeping most of its 20,000 employees at home.