SF Fed president: "Each one of us in the economy has a role to play"

Apr 7, 2020
Mary Daly talks about the pandemic, the economy and what it might take to emerge from the crisis.
"Even if you're not a policymaker, you can pay for services that you would normally get" to help those who can't telework, says Mary Daly, president of the San Francisco Fed.
Courtesy of the San Francisco Fed

The Fed steps in to finance COVID-19 relief loans for small businesses

Apr 7, 2020
The Federal Reserve is creating a "lending facility" to keep things running smoothly for small business loans.
The central bank is finding new ways for it to finance the loans commercial banks are being told to write to small businesses.
Olivier Douliery/AFP via Getty Images

Dallas Fed president calls policies relief, rather than stimulus

Mar 27, 2020
Dallas Fed president Robert Kaplan joined us to discuss the many challenges ahead.
 Robert Kaplan, president and CEO of the Dallas Federal Reserve.
Courtesy of the Federal Reserve Bank of Dallas

Fed takes unprecedented steps to prop up the economy

Mar 23, 2020
For the first time, the central bank will buy corporate and municipal bonds to keep money flowing.
The Federal Reserve's overall goal is to keep money flowing in the U.S. economy.
Mark Makela/Getty Images

Fed to buy unlimited government debt and lend to businesses

Mar 23, 2020
The central bank’s all-out effort has now gone beyond even the extraordinary drive it made to rescue the economy from the 2008 financial crisis.
Federal Reserve Chairman Jerome Powell during a 2018 news conference.
Alex Wong/Getty Images

How the Federal Reserve's "discount window" works

Mar 16, 2020
The Fed's cut to its short-term, emergency loan rate is meant to keep credit flowing to households and businesses.
The Fed also announced a cut in the discount rate in an attempt to stimulate the economy during the downturn caused by COVID-19.
Mark Makela/Getty Images

Fed slashes rates to near zero, eases bank lending rules

Mar 15, 2020
The central bank said the effects of the outbreak will weigh on economic activity in the near term and pose risks to the economic outlook.
Federal Reserve Board Chairman Jerome Powell
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What if the economy needs more than the Fed can give it?

Mar 3, 2020
The U.S. government may need to spend its way out of a coronavirus-induced slowdown.
Federal Reserve Chair Jerome Powell announced an interest rate cut of half a percentage point Tuesday.
Scott Olson/Getty Images

What central banks were really saying about their response to COVID-19

Mar 3, 2020
When it comes to the global economic outlook, words matter.
Stocks fell on Wall Street as global concerns over the financial impact from the coronavirus drove investments down.
(Photo by Spencer Platt/Getty Images)

In emergency move, Fed cuts interest rates by 0.5%

Mar 3, 2020
"A half a point is not going to cure anybody," said Karen Petrou, managing partner of Federal Financial Analytics.
An interest rate cut that occurs between formal policy meetings is highly unusual.
Sarah Silbiger/Getty Images