Jerome Powell

The Federal Reserve on Wednesday pledged to continue taking aggressive action to support the U.S. economy as the recovery has started to plateau.

The Fed is working toward providing more specific guidance on the conditions it would need to see before considering raising interest rates

Deliberations at their July 28-29 meeting could determine how soon officials can finalize any plans, which would be unveiled either at their September meeting or later this fall, according to interviews and public statements.

The Senate Banking Committee approved the two who will now head to the full Senate for a confirmation vote.

The central bank also changed the minimum employee provision for nonprofits to 10 from 50, allowing smaller groups to participate.

Fed officials have projected that interest rates will stay near 0 through 2022 -- how will that affect you?

Fed Chair Powell, once a lightening rod for Trump, is now in his good graces.

During their June meeting, Fed policymakers projected that interest rates will remain at zero until 2022.

The wealthiest person to lead the U.S. central bank was Marriner Eccles, who held the position from 1934 to 1948

In his capacity as chairman of the world's most powerful central bank, Powell is tasked with trying to ensure that, once the virus outbreak subsides, the American economy can return to pre-crisis levels.

The coronavirus crisis and subsequent lockdown has caused a coin shortage for banks across the country, according to Fed's Powell

Powell did not endorse specific proposals. But he said Congress should avoid a mistake it made during the last recession of pulling back on support too quickly.

Powell cautioned that an economic downturn is not the time for the federal government to begin reducing the deficit.

The Fed responded to the pandemic by taking a range of extraordinary actions to support the economy, including slashing interest rates to near-zero.

Powell returns to Congress on Tuesday for his semiannual testimony after a four-month interval in which unemployment rose from a 50-year low to an 80-year high

Businesses with up to 15,000 employees and $5 billion in revenue can apply for financing through the Fed's Main Street lending program.

Here’s what you need to know about the wealth of Federal Reserve Chairman Jerome Powell.

Federal Reserve chairman Jerome Powell condemns racism and says that "everyone deserves the opportunity to participate fully in our society and our economy."

Congress has passed three massive stimulus packages totaling close to $3 trillion to blunt the economic pain from the outbreak of the virus.

The Fed responded to the pandemic by taking a range of extraordinary actions to support the economy.