Markets

Fed officials pushed for clearer guidance on future policy, meeting minutes show

Federal Reserve officials called for detailed forward guidance and mulled additional policy tools during their June meeting, according to minutes released Wednesday. Policymakers expect “highly accommodative monetary policy” to last “for many years” until the economy poses a robust recovery. Central bankers agreed clearer forward guidance is “important” to effectively […]
Fed officials pushed for clearer guidance on future policy, meeting minutes show
Markets

The Fed estimated a ‘more adverse’ coronavirus outbreak would plunge the US into a year-long recession, meeting minutes reveal

The Federal Reserve’s directors envisioned two economic scenarios of differing intensity as the coronavirus began driving business shutdowns and layoffs, Federal Open Market Committee meeting minutes released Wednesday showed. A short-lived outbreak would bring an economic recovery in the second half of the year, the board said in the emergency […]
The Fed estimated a ‘more adverse’ coronavirus outbreak would plunge the US into a year-long recession, meeting minutes reveal
Markets

‘A new risk to the global growth outlook’: Here’s what the Fed said about the coronavirus outbreak at its last meeting

The Federal Reserve deems its current policy stance and interest rate “appropriate” amid the growing coronavirus threat, minutes from January’s Federal Open Market Committee meeting revealed Wednesday. The meeting took place days after coronavirus fears fuelled a sharp downtrend in US stocks. Participants cited the outbreak as “a new risk […]
‘A new risk to the global growth outlook’: Here’s what the Fed said about the coronavirus outbreak at its last meeting
Markets

Some Fed officials worry US inflation will stay below their target

Some Fed officials see an “appreciable risk” that inflation remains below their 2% target, according to the minutes of their January meeting released on Wednesday. Wall Street has been focused on inflation since that meeting. Concerns about it – and higher interest rates – helped plunge the stock market into […]
Some Fed officials worry US inflation will stay below their target
News

The Fed is having second thoughts about raising interest rates further

Federal Reserve Chair Janet Yellen raised fresh concerns about low inflation in Tuesday evening speech. Fed minutes from Nov. 1 meeting show doubts exist among policymakers about whether low inflation is in fact transitory. Wall Street is still counting on a December interest rate hike, but future rate increases may […]
The Fed is having second thoughts about raising interest rates further