Federal Reserve

U.S. Household Net Worth Hits Highest Level Ever

The roller coaster of the pandemic economy saw the net worth of U.S. households soar to its highest level ever in the second quarter. That followed the largest-ever drop in the previous quarter due to the economic disruption of the

US President Donald Trump arrives to address supporters during a campaign rally at Manchester - Boston Regional Airport in Londonderry, New Hampshire, August 28, 2020. (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images)

1,700 Colleges Ask Federal Reserve for Virus Loans

1,700 universities and colleges around the nation have asked the Federal Reserve to grant them access to the Main Street Lending Program, a program established last week to provide lending to small and medium-sized businesses that have been impacted by the Chinese virus pandemic.

WASHINGTON, DC - MAY 20: Newly redesigned $100 notes lay in stacks at the Bureau of Engraving and Printing on May 20, 2013 in Washington, DC. The one hundred dollar bills will be released this fall and has new security features, such as a duplicating portrait of Benjamin Franklin and …