Fed to cap bank dividend payments after completing stress test, COVID analysis

The Federal Reserve will bar big banks from increasing their dividend payments, following the central bank’s annual stress tests that included a “sensitivity” analysis incorporating the impact of the COVID-19 crisis. The Fed on Thursday afternoon described 33 of the nation’s largest banks as a “source of strength,” noting that all the banks appear strongly […]

Fed gets ‘good marks’ on crisis response

Despite grilling Federal Reserve Chairman Jay Powell on the central bank’s corporate bond purchases earlier this week, Sen. Pat Toomey (R-PA) says the Fed gets “good marks” for its response to the economic crisis spurred by the COVID-19 pandemic. “We need to follow...

Fed trying not to ‘run through the bond market like an elephant’

Federal Reserve Chairman Jerome Powell pushed back on concerns over the Fed’s intervention in the corporate bond market, telling Congress on Tuesday that the central bank is prioritizing proper market functioning with its purchases. “I don’t see us as wanting to run...

Stock futures extend gains after Fed expands bond-buying program

Stock futures kicked off the overnight session higher Monday evening, extending gains from the regular trading day. Earlier, stocks closed out a choppy session higher, with equities in the morning tracking toward another session of steep declines before paring losses....

Fed proposes expanding Main Street loan program to nonprofits

The Federal Reserve is proposing an extension of its emergency loan program to include U.S. nonprofits like universities and charitable organizations.  On Monday, the Fed released a framework for how it might offer loans as small as $250,000 or as large as $300...