Federal Reserve: Current Affairs, GK & News - 2020-2021
US Banking Regulator Extends Crisis Lending Programs till Dec 31
Published: July 29, 2020
The Federal Reserve, the regulator of the banking system in the USA, has announced that the emergency lending programs being extended by the banks will be applicable for the rest of the year since the country is still grappling with the deadly pandemic. This is expected to facilitate planning by potential facility participants and provide ..
Month: Current Affairs - July, 2020
Category: Economy & Banking Current Affairs
US Federal Reserve raised lending rates to 2.5 per cent
Published: December 21, 2018
The US Federal Reserve has raised the key interest rates to a range of 2.25 per cent to 2.5 per cent. This is the 4th raise in the Federal Reserve’s rates this year and has reached the highest point since 2008. The main implication of the raising of the interest rates would be an increase in ..
Jerome H Powell sworn-in as new Chairman of Federal Reserve
Published: February 6, 2018
Jerome Hayden Powell has been sworn-in as the new Chairman of the Federal Reserve for a four-year term on February 5, 2018. The oath was administered by Vice Chairman Randal K. Quarles in the Board Room. He succeeded Janet Yellen, the first woman to lead the US central bank in its 100-year history. He was ..
Topics: Bankers • Brookings Institution • Chair of the Federal Reserve • Federal Reserve • Federal Reserve Board of Governors • Finance • Janet Yellen • National Bureau of Economic Research • Randal Quarles • The Century Foundation • Yellen