Federal Reserve Chairman Jerome Powell said the central bank's long-awaited program to lend to small- and medium-sized businesses is about to get off the ground. The Main Street lending facility, which will target companies with up to 15,000 employees, has been difficult to set up but is just about ready, Powell told Princeton University economist and former Fed official Alan Blinder in a webinar interview Friday. "We're days away from making our first loans in Main Street, he said. "We have three facilities that are part of it. They're meant to reach out to different parts of that...

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RECENT NEWS

The Bank of England said the perceived risk of crashing out of the European Union without a deal had risen as they unanimously voted to keep policy unchanged. While officials, led by Governor Mark Carney, said they still see the need for interest-rate hikes in coming years if their forecasts bear out, they also acknowledged that investors are taking a different view than the bank's assumption...

The Bank of Japan kept monetary policy unchanged Thursday, just hours after the Federal Reserve became the latest central bank to signal a willingness to cut interest rates in the face of rising threats to economic growth. The BOJ maintained its interest rates and asset purchases, it said in a statement. All 50 economists surveyed by Bloomberg had predicted no change. Governor Haruhiko...

The U.S. Federal Reserve held interest rates steady on Wednesday but signaled possible rate cuts of as much as half a percentage point over the remainder of this year, as it responded to increased economic uncertainty and a drop in expected inflation. The U.S. central bank said it œwill act as appropriate to sustain the economic expansion as it approaches the 10-year mark and dropped a...

While speaking at the policy panel at the European Central Bank (ECB) Forum on Central Banking in Sintra, Portugal, Bank of England Governor Mark Carney said that in exceptional circumstances, like Brexit, the Monetary Policy Committee (MPC) could extend the horizon over which it returns to the inflation target. Key quotes : Says his comments at ECB panel have no bearing on BoE policy...

ECB President Mario Draghi says risk outlook œremains tilted to the downside, and more stimulus will be needed if the outlook doesnt improve. Says interest-rate cuts and more QE are part of its arsenal. ECB has headroom for more asset purchases. œThe prolongation of risks has weighed on exports and in particular on manufacturing. In the absence of improvement, such that the...

FISCAL
Fed's Powell: 'Medical Metrics' Most Important Data for U.S. Economy Now: CBS
Monday, 18 May 2020 08:06 WIB The most important data for the U.S. economy right now are the "medical metrics around the coronavirus pandemic, Federal Reserve Chairman Jerome...
MONETARY
RBA cuts Official Cash Rate by 25 bps to 0.50%, AUD/USD jumps
Tuesday, 3 March 2020 10:38 WIB At its March monetary policy meeting on Tuesday, the Reserve Bank of Australia (RBA) cut its official cash rate (OCR) by 25bps to a record low of...

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