FOMC

The Federal Reserve can be patient and watch the economy without changing monetary policy for “the next several months,” according to Federal Reserve Bank of Dallas President Robert Kaplan.

Monetary policy is well positioned, Federal Reserve Bank of Cleveland President Loretta Mester said Monday evening.

Former Federal Reserve Bank of New York President William Dudley said he’s “amazed and baffled" at the attention the wind-down of the U.S. central bank’s balance sheet has been receiving.

Federal Reserve Chairman Jerome Powell met President Donald Trump at the White House for dinner Monday to discuss the economy’s performance and outlook, but the central bank said its chief did not share his expectations for monetary policy.

A negative Federal Reserve monetary policy rate could have helped turn the economy around faster during the Great Recession, according to a Federal Reserve Bank of San Francisco researcher.

Federal Reserve Bank of Minneapolis President Neel Kashkari said the Fed’s latest pause will help keep a “fundamentally healthy” economy on track.

Monetary policy is “appropriate” and in the range of the estimates of neutral, Federal Reserve Board Chair Jerome Powell said Wednesday.

The Federal Reserve said it will be “patient” on any future interest-rate moves and signaled flexibility on the path for reducing its balance sheet.

Those betting the Federal Reserve will cut interest rates may have to wait until 2023 to see it happen.

Another week of sub-average issuance lies ahead for the muni market.