Tag: Federal Reserve

Federal Reserve

Fed’s Evans: Fed Can’t Make Workplaces Safe

Chicago Federal Reserve president Charles Evans, hosting a virtual roundtable for news media, said that while the second-quarter gross domestic product was the worst on record, declining at an annualised rate of 32.9 percent, with about 18 million unemployed workers, some improvement was seen in May and June as many states eased their lockdown restrictions. […]

The July FOMC and Beyond – What to Expect from the Fed

Even though the US economy’s partial recovery has lately shown signs of faltering in the face of renewed anti-coronavirus restrictions, it would be little short of astonishing if the Federal Reserve’s policymaking Federal Open Market Committee were to announce any new monetary stimulus initiatives at the conclusion of its two-day meeting Wednesday, having already pulled […]

Fed Presidents See Huge Pandemic-Caused Challenges

The presidents of the Richmond and San Francisco Federal Reserve Banks Tuesday saw huge challenges ahead as government virus response programs ebb, landlords without rent payments pressure banks, displaced workers stay unemployed, and customers get less enthusiastic about visits to bricks and mortar establishments as the pandemic hangs on. Richmond Bank President Tom Barkin saw […]

Busy Day in Washington Leads to Raft of Rule Changes

On Thursday, June 25, five federal regulatory agencies finalised a rule modifying the Volcker rule’s prohibition on banking entities investing in or sponsoring hedge funds or private equity funds – known as covered funds. The rule takes effect on October 1. The agencies included the Federal Reserve Board, the Commodity Futures Trading Commission (CFTC), the […]

Fed’s Daly: Ready to ‘Pivot’ to Stimulus Post-Pandemic

The Federal Reserve’s emergency relief programs will give way to stimulus and a focus on lowering unemployment whenever the coronavirus crisis has ebbed, San Francisco Fed President Mary Daly said Monday. Speaking at a National Press Club-sponsored event and later to reporters, Daly said it would make no sense to focus on stimulus now, when […]

Fed’s Powell: Doing All We Can: Will it be Enough?

US Federal Reserve Chair Jay Powell has offered reassurance policymakers are not even “thinking about thinking” about raising rates and shared his worries about possible long-term post-crisis unemployment. Answering questions after the Federal Open Market Committee reaffirmed that what it’s doing now it will keep doing as long as it takes, Powell acknowledged it’s been […]

Fed’s Clarida: Haven’t Changed Mind vs Negative Rates

Federal Reserve Vice Chair Richard Clarida Thursday said he has not changed his mind, that there’s no upside to purposely move to negative rates. Speaking in a webinar sponsored by the New York Association for Business Economics, Clarida also underlined the points made Wednesday and previously by Fed Chair Jay Powell, that the path forward […]

Fed’s Williams: Outlook Uncertain; Tools to be Used to the ‘Utmost’

The Federal Reserve remains open to taking more steps as needed to support the recovery, though negative interest rates are not on the table, New York Fed President John Williams said Thursday. Williams, answering questions during a webcast with a regional business group, said the economic outlook and the likely course of interest rates remain […]