FOMC

Wearing masks and following guidelines will help boost the economy into recovery.

The Federal Reserve put a spotlight on job losses and risks to the financial sector in its semi-annual report to Congress released Friday.

Many observers expect the Fed to move to yield curve control in September. But not everyone is sure this move will be needed.

One day after the FOMC said it would keep rates where they are, the short-end of the yield curve inverted.

Recovery seen next year, but rates stay low.

With interest rates on hold until the picture is clearer, the Summary of Economic Projections should take center stage.

Federal Reserve action to keep credit flowing rewards risky behavior and the remedy may be tougher regulation in the future, said former New York Federal Reserve Bank President William Dudley.

Federal Open Market Committee members have been adamant that negative rates would be a last resort.

“We crossed a lot of red lines that had not been crossed before,” said Federal Reserve Chairman Jerome Powell.

When the pandemic ends, the Fed must remove accommodation, unlike after the Great Recession.