yusufizzetmurat/fed-pulse-embedding-caches huggingface dataset:
[2018-11-08] Long-Run Monetary Policy Implementation Frameworks Committee participants resumed their discussion of potential long-run frameworks for monetary policy implementation, a topic last discussed at the No
[2018-11-08] Contacts in many Districts continued to report tight labor markets with difficulties finding qualified workers. In some cases, firms were responding to these difficulties by increasing training for le
[2018-11-08] Daniel M. Covitz, Deputy Director, Division of Research and Statistics, Board of Governors; Rochelle M. Edge, Deputy Director, Division of Monetary Affairs, Board of Governors; Michael T. Kiley, Deput
[2018-11-08] After assessing current conditions and the outlook for economic activity, the labor market, and inflation, members decided to maintain the target range for the federal funds rate at 2 to 2-1/4 percent
[2018-11-08] John P. McGowan,3 Assistant Vice President, Federal Reserve Bank of New York
[2018-11-08] Participants' View on Current Conditions and the Economic Outlook In their discussion of the economic situation and the outlook, meeting participants agreed that information received since the FOMC me
[2018-11-08] "Effective November 9, 2018, the Federal Open Market Committee directs the Desk to undertake open market operations as necessary to maintain the federal funds rate in a target range of 2 to 2-1/4 perc
[2018-11-08] Edward Nelson, Senior Adviser, Division of Monetary Affairs, Board of Governors; S. Wayne Passmore, Senior Adviser, Division of Research and Statistics, Board of Governors
[2018-11-08] PRESENT: Jerome H. Powell, Chairman John C. Williams, Vice Chairman Thomas I. Barkin Raphael W. Bostic Lael Brainard Richard H. Clarida Mary C. Daly Loretta J. Mester Randal K. Quarles
[2018-11-08] The nominal U.S. international trade deficit widened in August and September. Exports decreased in August but more than recovered in September, reflecting the pattern of industrial supplies exports. I
[2018-11-08] Real PCE continued to grow strongly in the third quarter. Overall consumer spending rose steadily in recent months, and light motor vehicle sales stepped up to a robust pace in September and edged hig
[2018-11-08] Staff Economic Outlook In the U.S. economic forecast prepared for the November FOMC meeting, the staff continued to project that real GDP would increase a little less rapidly in the second half of the
[2018-11-08] Financing conditions in the commercial real estate (CRE) sector remained accommodative. Banks in the October SLOOS reported, on a portfolio-weighted basis, an easing of standards on CRE loans over the
[2018-11-08] In view of realized and expected labor market conditions and inflation, the Committee decided to maintain the target range for the federal funds rate at 2 to 2-1/4 percent.
[2018-11-08] Linda Robertson, Assistant to the Board, Office of Board Members, Board of Governors
[2018-11-08] Participants agreed that labor market conditions had strengthened further over the intermeeting period. Payrolls had increased strongly in October, and measures of labor market tightness such as rates
[2018-11-08] Information received since the Federal Open Market Committee met in September indicates that the labor market has continued to strengthen and that economic activity has been rising at a strong rate. J
[2018-11-08] James A. Clouse, Secretary Matthew M. Luecke, Deputy Secretary David W. Skidmore, Assistant Secretary Michelle A. Smith, Assistant Secretary Mark E. Van Der Weide, General Counsel Michael Held, Deputy
[2018-11-08] Jeffrey D. Walker,2 Deputy Associate Director, Division of Reserve Bank Operations and Payment Systems, Board of Governors; Min Wei, Deputy Associate Director, Division of Monetary Affairs, Board of G
[2018-11-08] Michiel De Pooter, Section Chief, Division of Monetary Affairs, Board of Governors
[2018-11-08] Staff Review of the Financial Situation Concerns about ongoing international trade tensions, the global growth outlook, and rising interest rates weighed on global equity market sentiment over the int
[2018-11-08] In their discussion of the household sector, participants generally continued to characterize consumption growth as strong. This view was supported by reports from District contacts, which were mostly
[2018-11-08] "Information received since the Federal Open Market Committee met in September indicates that the labor market has continued to strengthen and that economic activity has been rising at a strong rate.
[2018-11-08] Financing conditions in consumer credit markets, on balance, remained supportive of growth in household spending, although interest rates for consumer loans continued to rise. Credit card loan growth
[2018-11-08] The staff highlighted how changes in the determinants of reserve demand since the crisis could affect the tradeoffs between two types of operating regimes: (1) one in which aggregate excess reserves a
[2018-11-08] Staff Review of the Economic Situation The information reviewed for the November 7-8 meeting indicated that labor market conditions continued to strengthen in recent months and that real gross domesti
[2018-11-08] Eric M. Engen, Senior Associate Director, Division of Research and Statistics, Board of Governors; Christopher J. Erceg, Senior Associate Director, Division of International Finance, Board of Governor
[2018-11-08] Andre Anderson, First Vice President, Federal Reserve Bank of Atlanta
[2018-11-08] Participants emphasized that the Committee's approach to setting the stance of policy should be importantly guided by incoming data and their implications for the economic outlook. They noted that the
[2018-11-08] By unanimous vote, the Committee ratified the Desk's domestic transactions over the intermeeting period. There were no intervention operations in foreign currencies for the System's account during the
[2018-11-08] Voting for the FOMC monetary policy action were: Jerome H. Powell, Chairman; John C. Williams, Vice Chairman; Thomas I. Barkin; Raphael W. Bostic; Lael Brainard; Richard H. Clarida; Mary C. Daly; Lore
[2018-11-08] The staff noted that banks' liquidity management practices had changed markedly since the financial crisis, with large banks now maintaining substantial buffers of reserves, among other high-quality l
[2018-11-08] Growth in real private expenditures for business equipment and intellectual property moderated in the third quarter following strong gains in these expenditures in the first half of the year. Nominal
[2018-11-08] The vote also encompassed approval of the statement below to be released at 2:00 p.m.:
[2018-11-08] The Committee directs the Desk to continue rolling over at auction the amount of principal payments from the Federal Reserve's holdings of Treasury securities maturing during each calendar month that
[2018-11-08] Sriya Anbil,3 Senior Economist, Division of Monetary Affairs, Board of Governors
[2018-11-08] James Bullard, Charles L. Evans, Esther L. George, Eric Rosengren, and Michael Strine, Alternate Members of the Federal Open Market Committee
[2018-11-08] Members generally judged that the economy had been evolving about as they had anticipated at the previous meeting. Financial conditions, although somewhat tighter than at the time of the September FOM
[2018-11-08] FOMC communications over the intermeeting period were viewed by market participants as consistent with a continued gradual removal of monetary policy accommodation. Market-implied measures of monetary
[2018-11-08] Total U.S. consumer prices, as measured by the PCE price index, increased 2.0 percent over the 12 months ending in September. Core PCE price inflation, which excludes changes in consumer food and ener
[2018-11-08] In their discussion of monetary policy, participants agreed that it would be appropriate to maintain the current target range for the federal funds rate at this meeting. Participants generally judged
[2018-11-08] Participants noted that lending in the federal funds market was currently dominated by the Federal Home Loan Banks (FHLBs). Participants cited several potential benefits of targeting the OBFR rather t
[2018-11-08] Total nonfarm payroll employment increased at a strong pace, on average, in September and October. The national unemployment rate decreased to 3.7 percent in September and remained at that level in Oc
[2018-11-08] The deputy manager followed with a discussion of recent developments in money markets and Desk operations. The EFFR along with other overnight rates edged higher over the weeks following the increase
[2018-11-08] Christopher J. Gust, Laura Lipscomb,3 and Zeynep Senyuz,3 Assistant Directors, Division of Monetary Affairs, Board of Governors; Patrick E. McCabe, Assistant Director, Division of Research and Statist
[2018-11-08] Participants observed that both overall and core PCE price inflation remained near 2 percent on a 12-month basis. In general, participants viewed recent price developments as consistent with their exp
[2018-11-08] Participants commented on the advantages of a regime of policy implementation with abundant excess reserves. Based on experience over recent years, such a regime was seen as providing good control of
[2018-11-08] Joshua S. Louria,3 Lead Financial Institution and Policy Analyst, Division of Monetary Affairs, Board of Governors
[2018-11-08] Most borrowers in the residential mortgage market continued to experience accommodative financing conditions, although the increase in mortgage rates since 2016 appeared to have reduced housing demand
[2018-11-08] Paolo A. Pesenti, Paula Tkac,3 Luke Woodward, Mark L.J. Wright, and Nathaniel Wuerffel,3 Senior Vice Presidents, Federal Reserve Banks of New York, Atlanta, Kansas City, Minneapolis, and New York, res
[2018-11-08] However, respondents to the Desk's recent Survey of Primary Dealers and Survey of Market Participants indicated that they anticipated the reduction in the supply of reserves in the banking system coul
[2018-11-08] Patrick Harker, Robert S. Kaplan, and Neel Kashkari, Presidents of the Federal Reserve Banks of Philadelphia, Dallas, and Minneapolis, respectively
[2018-11-08] Real residential investment declined further in the third quarter, likely reflecting a range of factors including the continued effects of rising mortgage interest rates on the affordability of housin
[2018-11-08] Penelope A. Beattie,4 Assistant to the Secretary, Office of the Secretary, Board of Governors
[2018-11-08] Consistent with their judgment that a gradual approach to policy normalization remained appropriate, almost all participants expressed the view that another increase in the target range for the federa
[2018-11-08] Jon Faust, Senior Special Adviser to the Chairman, Office of Board Members, Board of Governors
[2018-11-08] David Altig, Thomas A. Connors, Trevor A. Reeve, Ellis W. Tallman, William Wascher, and Beth Anne Wilson, Associate Economists
[2018-11-08] During the intermeeting period, broad U.S. equity price indexes declined considerably, on net, amid somewhat elevated day-to-day volatility. Various factors appeared to weigh on investor sentiment inc
[2018-11-08] Samuel Schulhofer-Wohl, Senior Economist and Research Advisor, Federal Reserve Bank of Chicago
[2018-11-08] Participants expected to continue their discussion of long-run implementation frameworks and related issues at upcoming meetings. They emphasized that it would be important to communicate clearly the
[2018-11-08] 2. Attended through the discussion of developments in financial markets and open market operations. Return to text
[2018-11-08] On balance, the turbulence in equity markets did not leave much imprint on near-term U.S. monetary policy expectations. Respondents to the Open Market Desk's recent Survey of Primary Dealers and Surve
[2018-11-08] Foreign economic growth appeared to pick up in the third quarter, as a strong rebound in economic activity in several emerging market economies (EMEs) more than offset a slowdown in China and most adv
[2018-11-08] The manager also reviewed recent developments in global markets. In China, investors were concerned about the apparent slowing of economic expansion and the implications of continued trade tensions wi
[2018-11-08] Financing conditions for nonfinancial firms continued to be supportive of borrowing and spending over the intermeeting period. Net debt financing of nonfinancial firms was robust in the third quarter,
[2018-11-08] Participants observed that growth in business fixed investment slowed in the third quarter following several quarters of rapid growth. Some participants pointed to anecdotal evidence regarding higher
[2018-11-08] Medium- and longer-term nominal Treasury yields ended the period higher amid some moderate volatility over the intermeeting period. Meanwhile, measures of inflation compensation derived from Treasury
[2018-11-08] Minutes of the Federal Open Market Committee November 7-8, 2018 A joint meeting of the Federal Open Market Committee and the Board of Governors was held in the offices of the Board of Governors of the
[2018-11-08] Voting for this action: Jerome H. Powell, John C. Williams, Thomas I. Barkin, Raphael W. Bostic, Lael Brainard, Richard H. Clarida, Mary C. Daly, Loretta J. Mester, and Randal K. Quarles.
[2018-11-08] Randall A. Williams, Senior Information Manager, Division of Monetary Affairs, Board of Governors
[2018-11-08] Overnight interest rates in short-term funding markets rose in line with the increase in the target range for the federal funds rate announced at the September FOMC meeting. Over the intermeeting peri
[2018-11-08] Roc Armenter,3 Satyajit Chatterjee, Deborah L. Leonard,3 Pia Orrenius, Matthew D. Raskin,3 and Patricia Zobel,3 Vice Presidents, Federal Reserve Banks of Philadelphia, Philadelphia, New York, Dallas,
[2018-11-08] In determining the timing and size of future adjustments to the target range for the federal funds rate, the Committee will assess realized and expected economic conditions relative to its maximum emp
[2018-11-08] Ann E. Misback, Secretary, Office of the Secretary, Board of Governors
[2018-11-08] William F. Bassett, Associate Director, Division of Financial Stability, Board of Governors; Marnie Gillis DeBoer3 and David López-Salido, Associate Directors, Division of Monetary Affairs, Board of G
[2018-11-08] Notation Vote By notation vote completed on October 16, 2018, the Committee unanimously approved the minutes of the Committee meeting held on September 25-26, 2018.
[2018-11-08] Brian M. Doyle, Joseph W. Gruber, Ellen E. Meade, and John M. Roberts, Special Advisers to the Board, Office of Board Members, Board of Governors
[2018-11-08] Reports from District contacts in the manufacturing, energy, and service sectors were generally favorable, though growth in manufacturing activity was reportedly moderating in a couple of Districts. B
[2018-11-08] The staff provided its latest report on potential risks to financial stability; the report again characterized the financial vulnerabilities of the U.S. financial system as moderate on balance. This o
[2018-11-08] Developments in Financial Markets and Open Market Operations The manager of the System Open Market Account (SOMA) reviewed recent developments in domestic and global financial markets. The equity mark
[2018-11-08] 3. Attended through the discussion of the long-run monetary policy implementation frameworks. Return to text
[2018-11-08] The staff briefings also examined the tradeoffs between alternative policy rates that the Committee could choose in each of the regimes. In a regime of limited excess reserves, the Federal Reserve's p
[2018-11-08] Respondents to the October Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) reported, on net, that their institutions had eased standards and terms for commercial and industrial lo
[2018-11-08] Jeff Fuhrer, Sylvain Leduc, Kevin Stiroh,4 Daniel G. Sullivan, and Christopher J. Waller, Executive Vice Presidents, Federal Reserve Banks of Boston, San Francisco, New York, Chicago, and St. Louis, r
[2018-11-08] Based on recent readings on spending, prices, and the labor market, participants generally indicated little change in their assessment of the economic outlook, with above-trend economic growth expecte
[2018-11-08] In their discussion of financial developments, participants observed that financial conditions tightened over the intermeeting period, as equity prices declined, longer-term yields and borrowing costs
[2018-11-08] During the review, the Federal Reserve would engage with a broad range of interested stakeholders across the country and host a research conference in June 2019. FOMC participants would discuss the st
[2018-11-08] Andreas L. Hornstein, Senior Advisor, Federal Reserve Bank of Richmond
[2018-11-08] Following the Desk briefings, the Chairman noted the upward trend in the EFFR relative to the IOER rate over the intermeeting period and suggested that it might be appropriate to implement another tec
[2018-11-08] Gara Afonso,3 Research Officer, Federal Reserve Bank of New York
[2018-11-08] A joint meeting of the Federal Open Market Committee and the Board of Governors was held in the offices of the Board of Governors of the Federal Reserve System in Washington, D.C., on Wednesday, Novem
[2018-11-08] Committee Policy Action In their discussion of monetary policy for the period ahead, members judged that information received since the Committee met in September indicated that the labor market had c
[2018-11-08] Participants commented on a number of risks and uncertainties associated with their outlook for economic activity, the labor market, and inflation over the medium term. A few participants indicated th
[2018-11-08] Total real government purchases rose in the third quarter. Real federal purchases increased, mostly reflecting higher defense expenditures. Real purchases by state and local governments also increased
[2018-11-08] Matthew J. Eichner,2 Director, Division of Reserve Bank Operations and Payment Systems, Board of Governors; Michael S. Gibson, Director, Division of Supervision and Regulation, Board of Governors; And
[2018-11-08] 1. The Federal Open Market Committee is referenced as the "FOMC" and the "Committee" in these minutes. Return to text
[2018-11-08] Industrial production expanded at a solid pace again in September, and indicators for output in the fourth quarter were generally positive. Production worker hours in the manufacturing sector increase
[2018-11-15] As part of the outreach effort, the Federal Reserve System will sponsor a research conference June 4-5, 2019, at the Federal Reserve Bank of Chicago, with speakers and panelists from outside the Syste
[2018-11-15] The Federal Reserve next year will review the strategies, tools, and communication practices it uses to pursue its congressionally-assigned mandate of maximum employment and price stability. The revie
[2018-11-15] "With labor market conditions close to maximum employment and inflation near our 2 percent objective, now is a good time to take stock of how we formulate, conduct, and communicate monetary policy," s
[2018-11-15] Beginning around the middle of 2019, Federal Reserve policymakers will discuss the perspectives offered during the outreach events as part of their review of how to best pursue the Fed's statutory man
[2018-11-29] The Federal Reserve Board and the Federal Open Market Committee on Thursday released the attached minutes of the Committee meeting held on November 7-8, 2018.
[2018-11-29] The minutes for each regularly scheduled meeting of the Committee ordinarily are made available three weeks after the day of the policy decision and subsequently are published in the Board's Annual Re
[2018-11-29] Minutes of the Federal Open Market Committee November 7-8, 2018: HTML | PDF
[2018-11-29] FOMC minutes can be viewed on the Board's web site at http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
[2018-12-04] The Federal Reserve Board on Tuesday released the minutes of its interest rate meeting on November 8, 2018.
[2018-12-19] 1. The Federal Open Market Committee is referenced as the "FOMC" and the "Committee" in these minutes. Return to text
[2018-12-19] Contacts in the agricultural sector reported that conditions remained depressed, in part because of the effects of trade policy actions on exports and farm incomes, uncertainty about future trade agre
[2018-12-19] Participants commented on the role that the Federal Reserve's nonreserve liabilities have played in the expansion of the Federal Reserve's balance sheet since the financial crisis. Many participants n
[2018-12-19] In their discussion of the economic situation and the outlook, meeting participants agreed that information received since the FOMC met in November indicated that the labor market had continued to str
[2018-12-19] Total U.S. consumer prices, as measured by the PCE price index, increased 2 percent over the 12 months ending in October. Core PCE price inflation, which excludes changes in consumer food and energy p
[2018-12-19] The nominal U.S. international trade deficit widened slightly in October. Exports declined a little, with decreases in exports of agricultural products and capital goods, although exports of industria
[2018-12-19] After taking into account incoming economic data, information from business contacts, and the tightening of financial conditions, participants generally revised down their individual assessments of th
[2018-12-19] James Bullard, Charles L. Evans, Esther L. George, Eric Rosengren, and Michael Strine, Alternate Members of the Federal Open Market Committee
[2018-12-19] The Committee also directs the Desk to engage in dollar roll and coupon swap transactions as necessary to facilitate settlement of the Federal Reserve's agency mortgage-backed securities transactions.
[2018-12-19] Minutes of the Federal Open Market Committee December 18-19, 2018 A joint meeting of the Federal Open Market Committee and the Board of Governors was held in the offices of the Board of Governors of t
[2018-12-19] Participants commented on a number of issues related to the long-run composition of the SOMA portfolio. With regard to the portfolio of Treasury securities, participants discussed the advantages of di
[2018-12-19] Suraj Prasanna3 and Lisa Stowe,3 Markets Officers, Federal Reserve Bank of New York.
[2018-12-19] Michele Cavallo,5 Section Chief, Division of Monetary Affairs, Board of Governors
[2018-12-19] Andrew Figura and John Sabelhaus, Assistant Directors, Division of Research and Statistics, Board of Governors; Christopher J. Gust,4 Laura Lipscomb,3 and Zeynep Senyuz,3 Assistant Directors, Division
[2018-12-19] Gara Afonso3 and William E. Riordan,3 Assistant Vice Presidents, Federal Reserve Bank of New York.
[2018-12-19] Long-Run Monetary Policy Implementation Frameworks Committee participants resumed their discussion from the November 2018 FOMC meeting of potential long-run frameworks for monetary policy implementati
[2018-12-19] "Effective December 20, 2018, the Federal Open Market Committee directs the Desk to undertake open market operations as necessary to maintain the federal funds rate in a target range of 2-1/4 to 2-1/2
[2018-12-19] Staff Review of the Financial Situation Investors' perceptions of downside risks to the domestic and global outlook appeared to increase over the intermeeting period, reportedly driven in part by sign
[2018-12-19] Shaghil Ahmed and Christopher J. Erceg, Senior Associate Directors, Division of International Finance, Board of Governors; Eric M. Engen, Senior Associate Director, Division of Research and Statistics
[2018-12-19] Marnie Gillis DeBoer,3 David López-Salido, and Min Wei, Associate Directors, Division of Monetary Affairs, Board of Governors; John J. Stevens, Associate Director, Division of Research and Statistics,
[2018-12-19] Total real government purchases appeared to be rising moderately in the fourth quarter. Nominal defense spending in October and November pointed to solid growth in real federal purchases. Real purchas
[2018-12-19] 6. In taking this action, the Board approved requests to establish that rate submitted by the boards of directors of the Federal Reserve Banks of Boston, Cleveland, Richmond, Atlanta, Chicago, and San