Fed not planning 'major' changes to Main Street program, Powell says

Companies have made only "modest" use of the Federal Reserve's Main Street Lending Program, but credit is pretty broadly available to them already, and the U.S. central bank isn't planning any "major" ...

Fed's Powell says Main Street may use up to $30 bln by year end

The Federal Reserve's Main Street Lending facility may lend as much as $30 billion by the end of the year, Fed Chair Jerome Powell said in testimony before the Senate Banking Committee.
The San Bernardino Sun

Powell signals Federal Reserve to move slowly on interest rate cuts

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell on Tuesday signaled a cautious approach to future interest rate cuts, in sharp contrast with other Fed officials this week who have called for a ...

Powell says AI may be hurting entry-level jobs: 'Hard to say how big it is'

The Fed chair also said that job creation in general has slowed ... have said AI is already leading them to reduce their headcount. In previous testimony before Congress, Powell said that AI had the ...

The Fed’s dual mandate is under new pressure in D.C.

The long-held dual mandate of the Federal Reserve to maintain stable prices and maximize employment is under increasing scrutiny in the nation’s capital as GOP pressure on the central bank intensifies ...
WAMC

READ: Mnuchin, Fed Chair Powell Testimony On Coronavirus Relief

Treasury Secretary Steven Mnuchin and Jerome Powell, chair of the Federal Reserve Board of Governors, will remotely address the Senate Banking Committee on Tuesday regarding the disbursement of ...