Boston Fed Names New President

Boston Fed Names New President

Susan M. Collins, an economist and provost from the University of Michigan, has been named the next president and CEO of the Federal Reserve Bank of Boston. Collins will begin her new role on July 1, the Boston Fed said in a statement today. She is the first...
Fed Lowers Main Street Loan Amount

Fed Lowers Main Street Loan Amount

In a move aimed at reaching more small businesses, the Federal Reserve Board has reduced the minimum loan amount for the Main Street Lending Program. Businesses and nonprofit organizations will now be able to get loans for $100,000, down from the previous minimum loan...