U.S. Federal Reserve

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Waffle House's Miss D, left, serves Daniel Bahena and his guest, right, on Monday, April 27, 2020 at The Waffle House in Brookhaven, Ga. Restaurants around metro Atlanta began to reopen dining rooms Monday, April 27, 2020 as restrictions related to the coronavirus pandemic are lifted. Restaurants will be allowed to operate with in-person dining as long as they follow a set of 39 guidelines laid out by the state government, which include a requirement that all employees wear masks, a maximum of 10 customers per 500 square feet of floor space and a maximum of six diners per table.(John Spink/Atlanta Journal-Constitution via AP)

Federal Reserve expands lending to more cities and counties

By CHRISTOPHER RUGABER - Associated Press

Fed reports financial details on 3 key support programs

By MARTIN CRUTSINGER - Associated Press

Fed will provide monthly disclosures on support programs

By MARTIN CRUTSINGER - Associated Press

Plastic gloves lays on the ground in Paris, Friday, April 10, 2020, during a nationwide confinement to counter the new coronavirus. For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. (AP Photo/Michel Euler)

Virus puts brakes on US economic engine: consumer spending

By The Associated Press - Associated Press

In this photo taken from video provided by the New York Stock Exchange, Chief Security Officer Kevin Fitzgibbons rings the opening bell at the NYSE, while recognizing Randy Timmons in Albany, Ga., and thousands of employees of the Proctor &amp; Gamble Company, Thursday, April 9, 2020. (New York Stock Exchange via AP)

Stocks jump after Fed’s stimulus move, on track for best week since 1938

By Dave Boyer - The Washington Times

In this Jan. 29, 2020 file photo, Federal Reserve Chair Jerome Powell pauses during a news conference in Washington. (AP Photo/Manuel Balce Ceneta, File) ** FILE **

Jerome Powell: Eventual economic rebound can be ‘robust’

By David Sherfinski - The Washington Times

FILE - In this March 25, 2020 file photo, a closed sign hangs in the window of a shop in Portsmouth, N.H., due to caronavirus concerns. The Federal Reserve is taking additional steps to provide up to $2.3 trillion in loans to suport American households and businesses as well as local governments as they deal with the coronavirus. The Fed said Thursday, April 9, among the actions it is taking is the activation of a Main Street Lending Program that was authorized by the $2.3 trillion economic relief bill pass by Congress last month. (AP Photo/Charles Krupa, File)

A new $2.3 trillion Fed plan to aid localities and companies

By MARTIN CRUTSINGER - Associated Press

President Donald Trump speaks about the coronavirus in the James Brady Press Briefing Room of the White House, Tuesday, April 7, 2020, in Washington. (AP Photo/Alex Brandon)

Donald Trump’s COVID-19 (new) New Deal

By Peter Morici

FILE - In this April 3 2020 file photo, customers, some wearing face masks, line up outside a Wells Fargo branch in the Atwater Village neighborhood of Los Angeles during the coronavirus outbreak. The Federal Reserve is lifting its lending restrictions on Wells Fargo, Wednesday, April 8, to allow it to make more loans that fall under the $349 billion Paycheck Protection Program and the Fed’s upcoming own small business lending program. The Fed has had Wells under a tight leash due to the bank’s prior scandalous behavior, including the opening of millions of fake accounts (AP Photo/Damian Dovarganes, File)

Fed eases limit on Wells Fargo to make more small biz loans

By KEN SWEET - Associated Press

FILE - This July 31, 2019 file photo shows the Federal Reserve Building in Washington. Federal Reserve officials pledged at two emergency meetings last month to use their full arsenal to bolster the U.S. economy being brought to its knees by the coronavirus outbreak. Minutes of the two meetings released Wednesday, April 8, 2020 show that Fed officials were alarmed at the impact the virus was already having on U.S. economic activity. (AP Photo/Patrick Semansky, File)

At emergency March meetings Fed pledged to use full arsenal

By MARTIN CRUTSINGER - Associated Press

FILE - In this Nov. 13, 2019, file photo Federal Reserve Board Chair Jerome Powell testifies on the economic outlook, on Capitol Hill in Washington. On Wednesday, Jan. 29, 2020, the Federal Reserve issues a statement and economic projections, followed by a news conference with Fed Chair Jerome Powell. (AP Photo/Jose Luis Magana, File)

Federal Reserve to boost small business lending efforts

By CHRISTOPHER RUGABER - Associated Press

FILE - In this Tuesday, March 3, 2020 file photo, Federal Reserve Chair Jerome Powell pauses during a news conference to discuss an announcement from the Federal Open Market Committee, in Washington. In a series of sweeping steps, the U.S. Federal Reserve will lend to small and large businesses and local governments as well as extend its bond buying programs. The announcement Monday, March 23 is part of the Fed's ongoing efforts to support the flow of credit through an economy ravaged by the viral outbreak. (AP Photo/Jacquelyn Martin, File)

Fed steps in once again to try to smooth out lending markets

By CHRISTOPHER RUGABER - Associated Press

Federal Reserve Chair Jerome Powell speaks during a news conference, Tuesday, March 3, 2020, to discuss an announcement from the Federal Open Market Committee, in Washington. In a surprise move, the Federal Reserve cut its benchmark interest rate by a sizable half-percentage point in an effort to support the economy in the face of the spreading coronavirus. Chairman Jerome Powell noted that the coronavirus &quot;poses evolving risks to economic activity.&quot; (AP Photo/Jacquelyn Martin)

Fed chair Powell says will provide nearly unlimited lending

By CHRISTOPHER RUGABER - Associated Press

Federal Reserve Chair Jerome Powell speaks during a news conference, Tuesday, March 3, 2020, to discuss an announcement from the Federal Open Market Committee, in Washington. (AP Photo/Jacquelyn Martin) ** FILE **

Jerome Powell, Fed chair: ‘We may well be in a recession’ but expects economy to improve

By David Sherfinski - The Washington Times

A Chase bank employee, right, disinfects the branches ATMs to fend off coronavirus as a customer uses another along Main St., Tuesday, March 24, 2020, in the Flushing neighborhood of Queens borough of New York. (AP Photo/Mary Altaffer)

Fed to suspend some bank supervision during viral outbreak

By CHRISTOPHER RUGABER - Associated Press

A few shoppers wander through the empty hallways of an outlet mall Tuesday, March 17, 2020, in Lakewood, Colo. Many of the stores were closed in the mall because of the coronavirus outbreak. (AP Photo/David Zalubowski)

A cruel paradox: Beating virus means causing US recession

By PAUL WISEMAN - Associated Press

A sign advises of the closure of a restaurant at Pike Place Market on Tuesday, March 17, 2020, in Seattle. Many shops in the landmark market continue to remain open, though business has dropped considerably in recent weeks. A day earlier, Washington Gov. Jay Inslee ordered all bars, restaurants, entertainment and recreation facilities to temporarily close to fight the spread of COVID-19 in the state with by far the most deaths in the Unite States from the disease. (AP Photo/Elaine Thompson)

Fed launches 2 emergency programs last seen in 2008 crisis

By CHRISTOPHER RUGABER - Associated Press

Federal Reserve Chair Jerome Powell pauses during a news conference, Tuesday, March 3, 2020, while discussing an announcement from the Federal Open Market Committee, in Washington. In a surprise move, the Federal Reserve cut its benchmark interest rate by a sizable half-percentage point in an effort to support the economy in the face of the spreading coronavirus. Chairman Jerome Powell noted that the coronavirus &quot;poses evolving risks to economic activity.&quot; (AP Photo/Jacquelyn Martin)

AP Explains: What did the Federal Reserve do Sunday and why?

By CHRISTOPHER RUGABER - Associated Press

A view a street in downtown Milan, Italy, Sunday, March 15, 2020, as most people remained home following the indications of doctors and the government in order to slow down the spread of the new coronavirus. For most people, the new coronavirus causes only mild or moderate symptoms. For some, it can cause more severe illness, especially in older adults and people with existing health problems. (Claudio Furlan/LaPresse via AP)

The Latest: Stock market outdoes itself, but not in good way

Associated Press

In this March 12, 2020, photo, Bank of Japan Gov. Haruhiko Kuroda speaks to reporters after the talks with Japanese Prime Minister Shinzo Abe at the prime minister's official residence in Tokyo. The Bank of Japan has convened an emergency policy meeting Monday, March 16 after the U.S. Federal Reserve cut its key interest rate to 0.25%. (Kyodo News via AP)

Japan central bank boosts stimulus following Fed rate cut

By ELAINE KURTENBACH - Associated Press