Monetary policy

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.

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.

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

The chance of the Federal Reserve using yield curve control is probably much higher than the market currently anticipates.

The panel later this month will vote on the nomination of Judy Shelton, whose views on certain policy issues have met with skepticism from both Democrats and Republicans.

Although the recovery process from the COVID-19 stated, the economy has a long way to go.

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.

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.

A Fed takeover of municipal lending is a weighty policy decision fraught with dangers that should not be inadvertently or capriciously back-doored into existence during a pandemic.

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.

With low inflation and high unemployment, the Boston Fed president said the economy will likely need more monetary and fiscal policy support.

Federal Reserve Chair Jerome Powell told Congress the Fed will "keep its foot" on the gas pedal until the pandemic ends.

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.