Tag Archives: Federal Reserve

The President of the Federal Reserve Bank of Richmond, Thomas Barkin, spoke to reporters earlier today, before a speech to a virtual event. ‘’It’s hard to find a huge drop in the real-time data.”“I’m thinking about credit-card spending which I get to see every week. It really hasn’t taken a …

The United States Federal Reserve Board and the Federal Open Market Committee (FOMC) on Wednesday released the minutes of the committee meeting held on November 4-5. Policymakers have discussed in their most recent meeting potential adjustments to the asset purchase program, as shown by the minutes released on Wednesday. The …

The Federal Reserve Bank of Richmond’s Manufacturing Index declined in November, data showed on Tuesday. The index dropped to 15 from a previous reading of 29 in October. However, the index remained firmly in expansionary territory, as all three component indexes — shipments, new orders, and employment — had positive …

The President of the Federal Reserve Bank of Richmond, Thomas Barkin, said on Monday that a Coronavirus vaccine could not be widely available until the summer of 2021, Reuters reported. This means that more Americans could struggle in the absence of government stimulus. However, Barkin is expecting a slow and …

The Federal Reserve Bank of Chicago’s National Activity Index (CFNAI) rose from 0.32 (revised from 0.27) in September to 0.83 in October. Fifty-four indicators improved from September to October, 30 indicators deteriorated, and one was unchanged. Of the indicators that improved, eight made negative contributions

The President of the Federal Reserve Bank of Kansas City, Esther George, said on Friday that economic recovery in the United States could be challenges, due to the Coronavirus impact on the energy sector and reductions in crude oil production. “Large reserve funds can help to offset some of the …

The President of the Federal Reserve Bank of Dallas, Robert Kaplan, said on Friday that the United States economy is in need for more fiscal support, Reuters reported. “If the savings from those do run out you are going to see consumer spending get weaker.”“This hasn’t felt as much like …

The President of the Federal Reserve Bank of Richmond, Thomas Barkin, said on Wednesday in an interview with Yahoo Finance that the Fed will continue with its policy accommodation through monthly bond purchases. “Every month we engage in those asset purchases is more stimulus.”“That’s a lot of support to the …

President of the Federal Reserve Bank of New York, John Williams, said that his view on the economy has become somewhat more upbeat. Williams reiterated the Fed’s commitment to using all available tools to support a strong economy, MarketWatch reported. “We have the ability especially with monetary policy to make …

President of the Federal Reserve Bank of Atlanta, Raphael Bostic, said on Tuesday that weak October retail sales are showing short-term risk to economic recovery in the United States from the impact of the Coronavirus pandemic, Reuters reported. “We have short-term and immediate-term concerns with the spike in the virus …