The Federal Reserve and the Treasury delivered testimony before the Senate Banking Commitee on how the CARES Act is assisting lenders and servicers nationwide.
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Fed Chair Discusses Recession, Economic Expansion
In the first part of his monetary policy report hearing before Congress, Federal Reserve Chair Jerome Powell discussed the impact of rate cuts on a possible downturn, as well as how global events may determine economic growth.
Read More »President Trump Wants Rate Cuts…Now
“Very inexpensive, in fact productive, to move now,” the President tweeted on Monday. Is the Fed planning on cutting rates?
Read More »The Week Ahead: Spotlight on Monetary Policy
On Tuesday and Wednesday, Fed Chair Jerome Powell will give his semiannual monetary policy testimony. Here’s what else is happening in the Week Ahead.
Read More »Clarida Nom Heads for Senate Vote
On Tuesday, the Banking Committee advanced the nomination of Richard Clarida for Vice-Chairman of the Fed, as well as Michelle Bowman for Member of the Board of Governors of the Fed. Hit the link to learn more about the nominees.
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