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 ..




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 ..