FOMC

Recurring coronavirus outbreaks will probably hold back U.S. economic growth and leave unemployment at elevated levels in the coming years, Federal Reserve Bank of Chicago President Charles Evans said.

Federal Reserve Bank of St. Louis President James Bullard said a strategy of capping Treasury yields out to a certain maturity may not work and such yield curve control seems unnecessary with the market pricing in rates near zero out into the future.

Fed researchers look at Japan's experience with YCC.

Federal Reserve Vice Chairman Richard Clarida said the U.S. central bank is prepared to take additional steps to support the economy through the damage caused by the coronavirus.

In an essay published on the Atlanta Fed website, Raphael Bostic called on the central bank to do more for the disadvantaged.

Federal Reserve Vice Chairman Richard Clarida said the economic damage wrought by the coronavirus pandemic may threaten the stability of long-term inflation expectations, a force economists believe is crucial to anchoring price pressures at their optimum level.

Fed chair says recovery has started but will take time and follow "uncertain" path.

Federal Reserve Bank of Atlanta President Raphael Bostic said he expects U.S. unemployment will be around 10% in the fourth quarter, with an uneven recovery from the COVID-19-induced recession.

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.

Federal Reserve Bank of New York President John Williams said policy makers are “thinking very hard” about targeting specific yields on Treasury securities as a way of ensuring borrowing costs stay at rock-bottom levels beyond keeping the benchmark interest rate near zero.

Federal Reserve Bank of St. Louis President James Bullard predicted the U.S. economy will recover from the highest unemployment since the 1930s with a rapid rebound that will push the jobless rate below 10% by December.