Fed likely to renew vow to use all tools to brace economy

04/29/2020

(Reuters) – The Federal Reserve, which has pumped trillions in emergency funding into U.S. financial markets to stem the damage from the coronavirus pandemic, is expected on Wednesday to reiterate its promise to do whatever it takes to support the world’s largest economy. The U.S. […]

Federal Reserve scraps transfer limits on bank savings accounts

04/24/2020

WASHINGTON (Reuters) – The U.S. Federal Reserve announced Friday that banks can now allow account holders to make an unlimited number of withdrawals and transfers from their savings accounts. The central bank updated its rules to scrap the six-per-month limit that had previously existed for […]

Senators from both U.S. parties press Fed for climate details

04/21/2020

BOSTON/NEW YORK (Reuters) – Senators from both major U.S. parties are pressing the Federal Reserve to say more about the role that climate considerations could play in its asset purchase programs, showing the new focus of investors on environmental considerations. In March, the New York […]

Fed aims 'bazooka' to backstop coronavirus-hit economy

03/23/2020

(Reuters) – The U.S. Federal Reserve on Monday rolled out an extraordinary array of programs to backstop an economy reeling from sweeping restrictions on people and businesses that scientists say are needed to limit the spread of the coronavirus. For the first time the Fed […]