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Bitcoin Jumps 12% as Fed Keeps Money Flowing and US Economy Shrinks
"It's clear that the effects on the economy are severe," said Federal Reserve Chair Jerome Powell. "We won't run out of money. It's an unlimited pot.".....»»
The Federal Reserve has pumped $2.3 trillion into the U.S. economy. It’s just getting started.
Fed Chair Jerome H. Powell on Wednesday is expected to provide an idea of how much more money the central bank is planning to deploy, and Wall Street is hungry for answers......»»
The Federal Reserve has pumped $2.3 trillion into the U.S. economy. It’s just getting started.
Fed Chair Jerome H. Powell on Wednesday is expected to provide an idea of how much more money the central bank is planning to deploy, and Wall Street is hungry for answers......»»
MiB: Christopher Whalen on Banks & the Fed
This week, we speak with Christopher Whalen, an investment banker and former Federal Reserve researcher. He is the founder of Whalen Global Advisors, and the author of Inflated: How Money and Debt Built the A.....»»
Federal Reserve Support of Money Market Funds Garners Headlines
With all the market volatility lately, it is a .....»»
Goldman caught Fed-fueled rebound with bet on mortgage bonds
Goldman Sachs Group Inc. bought up mortgage bonds during a wave of panic selling last month, a bet that’s almost certainly made money since the Federal Reserve unveiled massive stimulus turning a... To view the full story, click the title link......»»
Federal Reserve Balance Sheet Gains More Than $200 Billion in the Last Week Alone
The United States government has been unleashing an unprecedented flood of money to stabilize the economy and act as stimulus. Interest rates are already now back at zero-percent, and the Federal........»»
Trump could make crashing oil prices a win for American taxpayers. Here’s how.
What if the federal government got into the business of buying oil at the current cheap prices? There’s an opportunity to make use of spare capacity in the Strategic Petroleum Reserve, and make money for the American taxpayer, if it did......»»
As price of oil drops, Trump orders plan to help U.S. energy companies
The secretary of energy said a Federal Reserve program designed to assist small businesses could be tapped to lend money to oil firms......»»
Are Money Market Funds in Jeopardy of ‘Breaking the Buck’ Again?
When the Federal Reserve adopted a zero-interest rate policy (ZIRP) in the past, it was meant to be the ultimate economic stimulus package......»»
OpenMarkets Weekly: The Importance Of Repo Markets
At the onset of the coronavirus crisis, the Federal Reserve relied on repurchase agreements, or repos, as a large part of its early intervention. read more.....»»
Mass. colleges to get more than $260M in federal aid
Colleges and universities in Massachusetts are set to receive the money as part of a federal relief package intended to help schools and students during the coronavirus pandemic......»»
Banks given capital break for small-business loans amid crisis
The Federal Reserve and other regulators have granted a sweeping capital break for banks providing loans to small businesses as part of the government’s response to the coronavirus-fueled economic... To view the full story, click the title link......»»
Seattle-area transit agencies will receive $538M from the CARES Act. Here"s where that money will go.
Transit agencies in the Puget Sound area are set to get $538 million in federal funding to help offset the impacts from the COVID-19 pandemic. The Puget Sound Regional Council (PSRC) is working to distribute the funds, which are part of the $2.2 tril.....»»
The Fed reportedly asks BlackRock to buy billions in bonds as part of its coronavirus relief effort
GettyImages / Eugene Gologursky The Federal Reserve tapped BlackRock Tuesday afternoon to cooperate with billions in bond purchases for the central b.....»»
The "New" Federal Reserve As Garbage Can For All Capitalist Debt
The 'New' Federal Reserve As Garbage Can For All Capitalist Debt Authored by Jack Rasmus via Counterpunch.org, Yesterday, the Federal Reserve crossed its latest liquidity free money Rubicon......»»
Payment on $15.8 Trillion Mortgage Debt Could Be Delayed
Americans have almost $16 trillion in mortgage debt outstanding, according to the Federal Reserve. A bill proposed as part of the economic rescue package would delay payments on most of that debt......»»
Dollar slips as Fed"s money bazooka loosens tight cash supply
The dollar slipped on Tuesday on signs tight funding conditions are easing slightly after the U.S. Federal Reserve pulled out all stops to supply much needed greenback liquidity......»»
Fed"s money market move lifts Northern Trust fund above key threshold
Liquidity at a $2.2 billion prime money-market fund run by Northern Trust Corp fell below the key 30% U.S. regulatory threshold twice last week, but rebounded above that level after the U.S. Federal Reserve shored up the industry......»»
Explainer: How the Fed"s latest move will get money to Main Street
The U.S. Federal Reserve said on Monday it would backstop an unprecedented range of credit for households, small businesses and major employers in an attempt to stop the economy from sliding into depression as the coronavirus spreads......»»