Tag Archives: Federal Reserve

The United States Federal Reserve finished its two-day policy meeting on Wednesday and expressed better expectations for the US economy. The Fed reiterated its commitment to do what is necessary to help the US economy recover from the worst recession in years. Members of the Federal Open Market Committee (FOMC) …

The United States Federal Reserve has decided in its meeting, held on Tuesday and Wednesday, to maintain the current rates, expected to maintain rates steady until inflation exceeds 2%. As expected, the Fed expressed commitment to maintain interest rates near 0%. This is the first meeting for the US monetary …

The United States Federal Reserve issued on Friday a corrected version of its recent stress test results, which were initially published in June 2020. According to the new recalculated results, Goldman Sachs and Morgan Stanley will see lower capital requirements, Reuters reported, as the errors led to miscalculated assumed losses …

The President of the Federal Reserve Bank of Chicago, Charles Evans, has supported maintaining the current policy until inflation reaches 2.5%. “I’d be comfortable with inflation going up to 2.5% as long as we were trying to average off very low inflation rates.”“I think the way that we did it …

The President of the Federal Reserve Bank of Chicago, Charles Evans, has called upon Congress to agree on another stimulus package to support the US economy amid the COVID-19 crisis. “Given my outlook, I expect this means highly accommodative monetary policy will be appropriate for some time to come.”“It is …

President of the Federal Reserve Bank of San Francisco, Mary Daly, said that there is no urgency to ease monetary policy. “I don’t see a pressing need in terms of a misalignment of expectations relative to our policy.”

Although economic activity increased among most areas across the United States, gains remained subdued, with the economy yet to restore its levels prior to the coronavirus (COVID-19) pandemic, according to the US Federal Reserve Beige Book. The Beige Book report, which was released on Wednesday, showed that with the real …

The United States Federal Reserve must shift its policy in the coming months to provide the needed support to the economy amid the COVID-19 pandemic, the Fed Administrative Governor, Lael Brainard, said on Tuesday, as reported by Reuters. “It will be important to provide the requisite accommodation to achieve maximum …

The President of the Federal Reserve Bank of Atlanta, Raphael Bostic, said on Monday that monetary policy tools are not the best way to confront the COVID-19 crisis, signaling fears regarding the failure of the Congress in agreeing on a new stimulus package. “We have signaled pretty clearly that we …

A rise in wages across the United States does not necessarily reflect the job market strength, according to new research by the Federal Reserve Bank of San Francisco. An economic letter titled “The Illusion of Wage Growth” noted that despite a sharp spike in unemployment since March 2020, aggregate wage …