Tag Archives: Federal Reserve

Federal Reserve Chairman Jerome Powell said the government will “provide relief to support the recovery for as long as needed.”

How does the Fed’s plan of purchasing mortgage-backed securities impacted this? Click through to find out.

The statement from the FOMC said it would continue this plan “at least at the current pace” to ensure the market functions smoothly.

This is despite the Federal Reserve injecting $688 billion into the market in March to offset the impact of COVID-19.

The Federal Reserve announced that it would alter its standard supplementary leverage ratio rule. This move would make it easier and accessible for banking organizations to be able ...

Additionally, the Federal Reserve Board has announced a temporary change to its supplementary leverage ratio rule.

While homeowners seek additional relief due to the effects of COVID-19, the Treasury Secretary said the government is “looking at sending checks” immediately.

The Federal Reserve's Commercial Paper Funding Facility is intended to assist in the flow of credit to a range of economic activities, including mortgages.

The FOMC added it would maintain this level until “it is confident that the economy has weathered recent events,” brought on by COVID-19.

Also in The Week Ahead, the Senate Committee on Banking, Housing, and Urban Affairs will hold a hearing to examine the Consumer Financial Protection Bureau's semi-annual report to Congress.