Company: Federal Reserve Board

521 results found

Impact on household numbers matches financial crisis

Since the Fed's previous meeting in June, the pandemic's threat to the economy has appeared to worsen

Groups like hospitals and educational institutions will be included

The move comes as the central bank unveiled its latest stress tests

  • By: Ken Sweet
  • June 25, 2020 June 25, 2020
  • 17:06

The U.S. central bank says it will also keep buying bonds

Chairman Jerome Powell isn't expected to announce major new initiatives Wednesday

More than one in 10 workers have lost their jobs to the coronavirus outbreak

The program will let central banks sell Treasurys to the Fed with an agreement to buy them back the next day

The central bank says it will establish three new lending facilities as well

Facility aims to ensure funds can meet increased redemption demands