Latest actions by federal financial institution regulators related to the impact of the 2020 coronavirus crisis
Last week’s emergency 0.5% reduction in the federal funds rate target was followed by corresponding reductions in the rate that Federal Reserve Banks will charge on primary and secondary credit and the rate paid on […]
With a spreading coronavirus, cratering stock market, and new fears about a global recession emerging as background Monday, regulators began applying updated guidance that financial institutions should follow to minimize potential adverse effects of a […]
Federal banking regulators on Thursday announced they have postponed their 2020 interagency Community Reinvestment Act conference, previously set to kick off next Monday, due to public health concerns related to the coronavirus known as COVID-19. […]
Ten of the Federal Reserve’s 12 districts said economic activity expanded at a modest to moderate rate in recent weeks, though two districts – St. Louis and Kansas City – reported no change, according to […]
Cutting interest rates by half a percentage point was not action taken after political pressure was applied, the chair of the Federal Reserve Board indicated Tuesday, but was based on what the agency’s rate-setters believed […]
The coronavirus poses “evolving risks” to economic activity, and the nation’s central bank is pledging to use its toolbox to shore up the economy, the chair of the bank’s board said in a statement Friday. […]
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