FOMC

The U.S. economy needs more support than originally thought as a resurgence in the coronavirus pandemic weighs on growth, said Federal Reserve Bank of San Francisco President Mary Daly.

A continuation of some form of extra unemployment benefits would bolster economic growth, Federal Reserve Bank of Dallas President Robert Kaplan said.

The surging U.S. savings rate means the country can afford to support Americans laid off due to the coronavirus pandemic, while a “hard” lockdown could deliver a faster economic recovery, a senior Federal Reserve official said on Sunday.

No surprises from the Fed, not much for it to do at this point.

Two more Republican no votes will sink the nomination, if Democrats remain steadfast in their opposition.

With rates at zero lower bound, and staying there, analysts are focusing on the post-meeting statement.

Republican Sen. Mitt Romney of Utah said he will vote against Judy Shelton, one of two Trump administration nominees to the Federal Reserve’s Board of Governors.

Having people who are “outside the mainstream” on the Federal Reserve’s Board of Governors won’t create “huge amounts of problems” because they won’t set the path for monetary policy alone, former New York Federal Reserve President William Dudley said.

The Federal Reserve could discuss yield curve control, but some feel it may not be needed.

Without a return of inflation, rate hikes are off the table, according to Charles Evans, president of the Federal Reserve Bank of Chicago.

The U.S. central bank should consider holding off on raising interest rates until inflation is above its 2% target, Philadelphia Fed President Patrick Harker said.

A top Federal Reserve official is issuing a warning about fast-growing and largely unregulated shadow lenders.

Uncertainty makes downside risks prevalent, and the Fed will need to be accommodative when the crisis ends, according to Lael Brainard.

Wide-spread mask wearing and following other health-care measures will be vital to economic growth in the U.S., said Federal Reserve Bank of Dallas President Robert Kaplan.

Economic activity in parts of the U.S. is showing signs of leveling off amid a resurgence in coronavirus cases, according to Federal Reserve Bank of Atlanta President Raphael Bostic.

The minutes from the Federal Open Market Committee's June meeting were released on Wednesday and there was much discussion about yield curve control.

Two Federal Reserve presidents said the central bank is committed to fighting racism as an economic issue.

With interest rates expected to stay near zero for the foreseeable future, the market expects the Fed to implement yield curve control.

Federal Reserve Chair Jerome Powell stressed the importance of keeping the coronavirus contagion contained as the U.S. economy bounces back from its deepest contraction in decades.

Two Federal Reserve presidents say it's gotten harder to predict what will happen with the economy.