Central banking

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)
AP News
April 09, 2020 - 10:36 am
WASHINGTON (AP) — The Federal Reserve is taking additional steps to provide up to $2.3 trillion in loans to support the economy. The money will target American households and businesses, as well as local governments besieged by the coronavirus outbreak. The Fed said Thursday that it is activating a...
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A currency trader watches computer monitors near the screens showing the foreign exchange rates at the foreign exchange dealing room in Seoul, South Korea, Thursday, April 9, 2020. Asian shares are mixed, with Tokyo lower, as an overnight rally on Wall Street faded.(AP Photo/Lee Jin-man)
April 09, 2020 - 9:36 am
NEW YORK (AP) — Stocks are opening higher on Wall Street after the Federal Reserve launched its latest aggressive effort to support the economy through the coronavirus outbreak. The S&P 500 rose 1% early Thursday, adding to a stellar week for the market. The central bank said it took actions to...
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April 08, 2020 - 3:31 pm
WASHINGTON (AP) — 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 show that Fed officials were alarmed at the impact...
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A nearly full moon sets over the buildings of the banking district and the European Central Bank, right, in Frankfurt, Germany, early Tuesday, April 7, 2020. Due to the coronavirus the economy worldwide expects heavy losses. (AP Photo/Michael Probst)
April 07, 2020 - 1:48 pm
FRANKFURT, Germany (AP) — The European Central Bank took more emergency action Tuesday to keep credit flowing to companies in the 19 countries that use the euro by easing its rules for lending to banks that serve those businesses. The action comes amid widespread efforts by central banks such as...
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The quarantined Italian cruise ship Aidadiva that is hit by coronavirus and is docked in Skagen harbour at the most northern point in Denmark, Monday April 6, 2020. Authorities have said that the ship is set to stay for a month at the port, and the hundreds of crew members are kept isolated and cannot disembark from the ship. (Henning Bagger/Ritzau Scanpix via AP)
April 06, 2020 - 7:04 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Monday related to the global economy, the work place and the spread of the virus. _____________ CENTRAL BANKS AND GOVERNMENT: The White House is considering coronavirus “war...
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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)
April 06, 2020 - 5:22 pm
WASHINGTON (AP) — The Federal Reserve said Monday it will support the government's $349 billion small business lending program, which had a rocky start Friday. The Fed said that it will buy loans that banks make to small businesses as part of the program, which is being carried out by banks and the...
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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)
March 31, 2020 - 9:48 am
WASHINGTON (AP) — The Federal Reserve is intervening once again to try to smooth out the world's lending markets, this time by lending dollars to other central banks in exchange for Treasurys. The Fed's move Tuesday marks its latest aggressive effort to keep borrowing rates down and ensure that...
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An employee of a bank wearing a face mask watches the computer monitors at the foreign exchange dealing room in Seoul, South Korea, Tuesday, March 31, 2020. Asian shares surged Tuesday after a rally in U.S. stocks, mostly spurred by health care companies' announcements of developments that could aid in the coronavirus outbreak. (AP Photo/Lee Jin-man)
March 30, 2020 - 11:36 pm
TOKYO (AP) — Asian shares surged Tuesday after a rally in U.S. stocks, mostly spurred by health care companies' announcements of developments that could aid in the coronavirus outbreak. Japan's benchmark Nikkei 225 rose 0.8% in morning trading to 19,243.91. Australia's S&P/ASX 200 added 2.0% to...
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Roads are seen deserted during a lockdown in Greater Noida, a suburb of New Delhi, India, Thursday, March 26, 2020. Some of India's legions of poor and people suddenly thrown out of work by a nationwide stay-at-home order began receiving aid distribution Thursday, as both the public and private sector work to blunt the impact of efforts to curb the coronavirus pandemic. Untold numbers of them are now out of work and many families have been left struggling to eat. (AP Photo/Altaf Qadri)
March 27, 2020 - 1:41 am
NEW DELHI (AP) — India’s central bank on Friday cut its key interest rate by a sizable 75 basis points to 4.4% from 5.15% to ease financing troubles caused by the coronavirus outbreak and help revive the economy. That’s the lowest benchmark rate the Reserve Bank of India has charged on lending to...
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A person wearing protective masks due to coronavirus fears walks past a boarded up business in Philadelphia, Tuesday, March 24, 2020. (AP Photo/Matt Rourke)
March 24, 2020 - 8:32 pm
The rapid spread of the coronavirus since it was first reported in China has dealt an unprecedented shock to the global economy. Here's a look at developments Tuesday as central banks, businesses and workers attempt to navigate a global outbreak that has brought economic activity to a standstill...
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