What's next for Main Street, Wall Street as Fed lending programs are set to expire

Nov 20, 2020
Fed programs and policy have helped ease economic pain during the pandemic. In its dwindling days, the Trump administration will end some of those emergency programs Dec. 31.
Federal Reserve Chair Jerome Powell and Treasury Secretary Steven Mnuchin greet each other after testifying before Congress in June.
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Top central bankers: Economy needs help despite vaccine news

Nov 13, 2020
U.S. Federal Reserve Chair Jerome Powell said Congress “may need to do more” to cushion the blow from the pandemic.
Chairman of the Federal Reserve Jerome Powell testifies during the Senate's Committee on Banking, Housing and Urban Affairs hearing examining the quarterly CARES Act report to Congress on Sept. 24, 2020, in Washington.
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Fed Chair Powell says full economic recovery depends on managing COVID-19

Social distancing and wearing masks will help get the economy back to full strength, Powell said Thursday.
Drew Angerer/Pool/AFP via Getty Images

A president and his Fed chair clash. Sound familiar?

Oct 27, 2020
Trump has pressured the head of the Federal Reserve to lower interest rates. But he wasn't the first American leader to do so.
President Lyndon B. Johnson wanted to fire Fed Chair William McChesney Martin Jr. for hiking interest rates. But presidents can't do that, so Johnson gave him a tongue lashing instead and shoved him against a wall.
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Fed’s Powell: Lack of further stimulus imperils recovery

Oct 6, 2020
Powell said that government support has so far prevented a recessionary “downward spiral."
Fed Chairman Jerome Powell is reflected in the sneeze guard set up between himself and members of the House Committee during a hearing in June.
Bill O'Leary/AFP via Getty Images

Fed's final message before November election: moderation

Sep 17, 2020
That's a message that might be reassuring, depending on how the pandemic has treated you, or your business.
Fed Chair Jerome Powell testifies during a hearing on Capitol Hill in June. The Fed has improved their outlook, one analyst said.
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Federal Reserve sees rates near zero at least through 2023

Sep 16, 2020
The moves are occurring against the backdrop of an improving yet still weak economy.
Fed Chairman Jerome Powell is reflected in the sneeze guard set up between himself and members of the House Committee during a hearing in June.
Bill O'Leary/AFP via Getty Images

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Economic recovery "may take some time to gain momentum," Fed Chair says

It may take until the end of 2021 for the economy to recover, Jerome Powell said Sunday.
Fed Chair Jerome Powell says there's "really no limit" to what the central bank can do with lending programs.
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Powell warns of a possible sustained recession from pandemic

May 13, 2020
Powell cautioned that numerous bankruptcies among small businesses and extended unemployment for many people remain a serious risk.
Powell urged Congress and the White House to act further to prevent long-lasting economic damage.
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