Follow Jerome Hayden Powell through 12 dated historical records for United States of America.
A chronological timeline drawn from matching World History Database records.
Jerome Powell begins service as chair of the Federal Reserve Board, succeeding Janet Yellen and taking responsibility for monetary policy and financial supervision late in a long economic expansion.
Role range: 2018-2026
The Federal Open Market Committee lowers the federal funds target range by one-quarter percentage point to 2.00 to 2.25 percent, its first rate reduction since the financial crisis period.
Role range: 2018-2026
The Federal Reserve announces purchases of Treasury bills and continued repo operations to maintain ample reserve balances and improve control of the federal funds rate after volatility in short-term funding markets.
Role range: 2018-2026
The Federal Open Market Committee makes an emergency one-half percentage point reduction in the federal funds target range as the emerging coronavirus outbreak creates rapidly evolving risks to economic activity.
Role range: 2018-2026
The Federal Open Market Committee reduces the federal funds target range to zero to one-quarter percent and announces large purchases of Treasury and agency mortgage-backed securities as the pandemic shock intensifies.
Role range: 2018-2026
The Federal Reserve reestablishes the Commercial Paper Funding Facility to provide a liquidity backstop for issuers of commercial paper whose access to short-term funding has been disrupted by the pandemic-related market shock.
Role range: 2018-2026
The Federal Reserve reestablishes the Primary Dealer Credit Facility, offering secured funding to primary dealers so they can continue making markets and supporting the flow of credit during severe pandemic-related stress.
Role range: 2018-2026
The Federal Reserve creates the Money Market Mutual Fund Liquidity Facility to finance purchases of eligible assets from money market funds, helping those funds meet redemption demands and reducing forced sales into strained markets.
Role range: 2018-2026
The Federal Reserve expands its pandemic response by committing to purchase Treasury and agency mortgage-backed securities in amounts needed for market functioning and by establishing new facilities to support corporate and consumer credit.
Role range: 2018-2026
The Federal Reserve announces programs capable of supporting up to 2.3 trillion dollars in lending, including the Main Street Lending Program and Municipal Liquidity Facility, while expanding other credit facilities for businesses and households.
Role range: 2018-2026
The Federal Reserve adopts a revised monetary policy strategy that emphasizes broad and inclusive maximum employment and seeks inflation that averages two percent over time following periods when inflation has run persistently below that level.
Role range: 2018-2026
The Federal Reserve creates the Bank Term Funding Program to offer loans of up to one year against eligible securities valued at par, providing an additional source of liquidity after acute stress at several United States banks.
Role range: 2018-2026
These dates and descriptions come from the historical_events database. Exact duplicate records have been collapsed. Names are grouped by the country, Name 2 and Name 1 fields; records with missing Name 2 cannot be reliably assigned to an individual biography. Check the underlying sources before formal citation.