WASHINGTON — With the U.S. economy gripped by its worst crisis since the 1930s, Federal Reserve policymakers are expected to offer sweeping assurances Wednesday that they will act as needed to help prevent the damage from growing even worse.Yet the Fed is unlikely to unveil any new emergency programs
— Read on ca.finance.yahoo.com/news/federal-likely-pledge-support-ailing-040154350.html
Tag: Federal Reserve
Federal Reserve expands lending to more cities and counties
WASHINGTON — The Federal Reserve will allow a much larger number of cities and counties to participate in a lending program that it announced earlier this month.The program initially allowed only 10 cities and 16 counties to participate. It then came under criticism for leaving out many large metropolitan
— Read on ca.finance.yahoo.com/news/federal-expands-lending-more-cities-213303959.html
Coronavirus: Fed’s Kashkari says economic recovery could be slow, hard
Kashkari’s comments came days after the Labor Department reported that another 6.6 million Americans filed first-time unemployment claims in the past week.
— Read on www.cnbc.com/2020/04/12/coronavirus-feds-kashkari-says-economic-recovery-could-be-slow-hard.html
Seen everywhere in last U.S. crisis, moral hazard is nowhere in this one – Reuters
As the U.S. Federal Reserve rolls out trillions of dollars to blunt the economic fallout of the coronavirus pandemic, there’s a notable difference to the last financial crisis: close to zero concern over “moral hazard” – the sticky business of bailing out those whose dilemma is of their own making.
— Read on www.reuters.com/article/us-health-coronavirus-fed-moralhazard-an/seen-everywhere-in-last-u-s-crisis-moral-hazard-is-nowhere-in-this-one-idUSKCN21U0GV
The Fed’s Balance Sheet: The Other Exponential Curve – Visual Capitalist
Quantitative easing has led to an unprecedented expansion of the Fed’s balance sheet, leaving some economists with more questions than answers.
— Read on www.visualcapitalist.com/the-feds-balance-sheet-the-other-exponential-curve/
Federal Reserve makes an unprecedented move, stocks rally
The central bank has boosted efforts to fend off a depression. Three experts weigh in.
— Read on www.cnbc.com/2020/04/09/federal-reserve-makes-an-unprecedented-move-stocks-rally.html
Fed announces a slew of new programs to help markets, including open-ended asset purchases
The Federal Reserve launched a barrage of programs aimed at helping markets function more efficiently in the wake of the coronavirus crisis.
— Read on www.cnbc.com/2020/03/23/fed-announces-a-slew-of-new-programs-to-help-markets-including-open-ended-asset-purchases.html
Mnuchin warns virus could yield 20% jobless rate without action – BNN Bloomberg
Mnuchin warns virus could yield 20% jobless rate without action – BNN Bloomberg
— Read on www.bnnbloomberg.ca/mnuchin-warns-virus-could-yield-20-jobless-rate-without-action-1.1407819
Federal Reserve cuts rates to zero and launches massive $700 billion quantitative easing program
“The coronavirus outbreak has harmed communities and disrupted economic activity in many countries,” the Fed said.
— Read on www.cnbc.com/2020/03/15/federal-reserve-cuts-rates-to-zero-and-launches-massive-700-billion-quantitative-easing-program.html
A brief history of the Federal Reserve’s emergency rate shifts – BNN Bloomberg
A brief history of the Federal Reserve’s emergency rate shifts – BNN Bloomberg
— Read on www.bnnbloomberg.ca/a-brief-history-of-the-federal-reserve-s-emergency-rate-shifts-1.1398637