Thursday’s meeting of the Federal Open Market Committee will almost surely signal that all is quiet on the monetary front given the major changes by the central bank this year. … READ MORE >
Jerome Powell
FOMC rate decision: Waiting on September
In keeping interest rates steady, the Federal Reserve on Wednesday underscored its ultra-cautious outlook and reiterated its view that the pandemic is the primary driving force within the economy. … READ MORE >
FOMC preview: Coming attractions at the Fed
The Federal Reserve’s rate decisions on July 29 will likely be remembered not for what is stated inside the policy communique. Rather, it will be long noted by what Fed Chairman Jerome Powell says at his news conference afterward regarding policy change. … READ MORE >
FOMC policy update: Fed signals that the worst is behind the U.S.
Policymakers at the Federal Reserve on Wednesday signaled that the worst of the pandemic-induced recession has passed as its summary of economic projections and “dot plot” rate forecast both implied that the zero interest rate policy will remain in place until the end of 2022. … READ MORE >
Federal Reserve expands scope of Main Street Lending Program
With the Main Street Lending Program likely to be launched in the coming days, the Federal Reserve has once again announced updates that expand the scope of the program. … READ MORE >
FOMC preview: Expect cautious tone as Fed ponders policy shift
We will soon enter the era of post-pandemic economics that will feature stratospheric government deficits necessitating the turn to a seldom used policy called yield curve control. … READ MORE >
The Fed cut its policy rate by a half percentage point. Expect more to come.
The Federal Reserve on Tuesday reduced its policy rate to a range between 1.0% and 1.25% as the central bank implemented a preemptive cut to bolster financial conditions as the coronavirus continues to spread. … READ MORE >
Powell’s statement is a necessary first step in addressing the coronavirus fallout
Federal Reserve Chairman Jerome Lowell made a well-directed and much-needed statement on Friday in an attempt to begin taking back control of the narrative of the Fed’s response to the coronavirus outbreak. … READ MORE >