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United Kingdom

Jonnelle Marte

U.S. consumer spending could see one-two punch from stocks drop, coronavirus

26 Feb 2020

NEW YORK The coronavirus outbreak has yet to spread meaningfully to U.S. shores, but fears of it alone have already eviscerated some $2 trillion of American stock market value, setting off a market rout that could stymie consumer spending - even before other economic effects of the disease are felt.

Fed staff float plan to end term-repo after April, minutes show

20 Feb 2020

Senior Federal Reserve staff proposed ending longer-term loans to banks after April as part of a broader blueprint laying out how the central bank could scale back the support provided to money markets, the minutes from the January policy meeting showed.

Fed staff float plan to end term-repo after April, minutes show

19 Feb 2020

Feb 19 Senior Federal Reserve staff proposed ending longer-term loans to banks after April as part of a broader blueprint laying out how the central bank could scale back the support provided to money markets, the minutes from the January policy meeting showed.

Fed's Mester says China virus could drag on U.S. economy

14 Feb 2020

The coronavirus epidemic, which has killed hundreds and sickened tens of thousands in China, could be a drag on the U.S. economy this quarter, Cleveland Federal Reserve Bank President Loretta Mester said on Friday.

Mester says Fed working with private sector to develop faster payment system

14 Feb 2020

SARASOTA, Fla. The Federal Reserve is exploring collaborations with the private sector and other groups as it works to develop a faster payments system, Cleveland Fed President Loretta Mester said Friday.

UPDATE 1-Fed's Mester says China virus could drag on U.S. economy

14 Feb 2020

Feb 14 The coronavirus epidemic, which has killed hundreds and sickened tens of thousands in China, could be a drag on the U.S. economy this quarter, Cleveland Federal Reserve Bank President Loretta Mester said on Friday.

Fed's Mester says economic drag of China virus could spill over to U.S.

14 Feb 2020

Feb 14 The epidemic caused by the coronavirus that has killed hundreds and sickened tens of thousands in China could drag on the U.S. economy this quarter, Cleveland Federal Reserve Bank President Loretta Mester said Friday.

New York Fed to further reduce repo support

13 Feb 2020

NEW YORK The New York Federal Reserve will further scale back the support it is providing in the overnight lending markets for cash, the central bank said Thursday.

Fed's Powell reinforces regulation and defends repo support in letter to Congress

12 Feb 2020

U.S. central bank officials are considering options that would make it easier for banks to treat Treasury holdings similar to reserves when meeting liquidity requirements, Federal Reserve Chair Jerome Powell said this week in a letter to a top Senate Democrat.

Fed's Powell reinforces regulation and defends repo support in letter to Congress

12 Feb 2020

U.S. central bank officials are considering options that would make it easier for banks to treat Treasury holdings similar to reserves when meeting liquidity requirements, Federal Reserve Chair Jerome Powell said this week in a letter to a top Senate Democrat.

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