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.

Powell: 'Challenging' months until vaccine clears production, distribution hurdles

A slowing recovery and a surging pandemic mean the United States is entering a "challenging" few months, with the potential deployment of a vaccine still facing the hurdles of production and mass ...
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Stocks Set to Open Higher on Fed Rate-Cut Hopes and Earnings Optimism

December S&P 500 E-Mini futures (ESZ25) are up +0.36%, andDecember Nasdaq 100 E-Mini futures (NQZ25) are up +0.55% this ...

Fed Chair Jerome Powell Just Said the Quiet Part Out Loud -- and These 6 Words Should Terrify Wall Street and Investors

On Sept. 23, Powell gave a speech in Rhode Island where he fielded questions about the stock market and how the Fed's Board of Governors account for equity valuations in monetary policy. Though the ...

Powell Speech, Tariff Meeting and Shutdown Next Steps: What to Watch

The U.S. government shutdown moves into a second week, with no end in sight. After Friday’s monthly jobs report was delayed, ...
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Federal Reserve cuts key rate by quarter-point, signals two more cuts this year

WASHINGTON — The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the ...