The U.S. Federal Reserve added $1.33 billion in bonds of individual companies from June 22 to June 30, including iPhone maker Apple Inc, beer-producer Anheuser-Busch and travel booker Expedia Group.
(This July 7 story, corrects first name of Atlanta Federal Reserve Bank president to Raphael from Ralph in paragraph 5; the mistake also occurred in an earlier version of the story)
SAN FRANCISCO A roster of businesses receiving a piece of the $660 billion U.S. Paycheck Protection Program illustrates how deeply the government's pandemic aid has reached into the everyday lives of Americans, yet at the same time how unevenly and fleetingly.
OAKLAND, Calif. Each day, employees at Farley's East cafe in Oakland, California fix about 200 turkey, ham and egg salad sandwich lunch plates to be distributed free to the homeless, hungry school-age kids, medical professionals at Covid-19 testing sites, and others in need. | Video
The U.S. Federal Reserve on Wednesday released thousands of letters and emails from individuals, businesses and nonprofit groups this spring urging wider access to its Main Street Lending Program for Americans slammed financially during the pandemic.
WASHINGTON, July 1 Federal Reserve policymakers
are looking at reviving a Great Recession-era promise to keep
interest rates low until certain conditions are met, in a bid to
deliver a more rapid recovery from the recession triggered by
the coronavirus pandemic.
Judith Ramirez is bracing for July. That's when the hotel housekeeper and her electrician husband - who have both been out of work for three months - expect their combined unemployment benefits to drop by more than half, and their deferred $1,500 monthly mortgage payment on their Honolulu home to come due.
Chicago Federal Reserve Bank President Charles Evans on Wednesday said he expects the U.S. economy to take until late in 2022 to recover to its pre-crisis level of output, with some economic growth permanently lost to the effects of the coronavirus pandemic.
San Francisco Federal Reserve President Mary Daly on Tuesday defended the U.S. central bank from criticism that its easy monetary policy and emergency lending programs are doing more to help the rich than the poor.