yusufizzetmurat/fed-pulse-embedding-caches huggingface dataset:
[2018-01-31] Patrick Harker, Robert S. Kaplan, and Neel Kashkari, Presidents of the Federal Reserve Banks of Philadelphia, Dallas, and Minneapolis, respectively
[2018-01-31] C. Standing foreign currency liquidity swap arrangements with the following foreign central banks:
[2018-01-31] A. To purchase and sell foreign currencies (also known as cable transfers) at home and abroad in the open market, including with the United States Treasury, with foreign monetary authorities, with the
[2018-01-31] During their discussion of labor market conditions, participants expressed a range of views about recent wage developments. While some participants heard more reports of wage pressures from their busi
[2018-01-31] Participants expected the recent solid growth in consumer spending to continue, supported by further gains in employment and income, increased household wealth resulting from higher asset prices, and
[2018-01-31] John C. Williams, President of the Federal Reserve Bank of San Francisco, with Esther L. George, President of the Federal Reserve Bank of Kansas City, as alternate
[2018-01-31] After assessing current conditions and the outlook for economic activity, the labor market, and inflation, members voted to maintain the target range for the federal funds rate at 1-1/4 to 1-1/2 perce
[2018-01-31] By unanimous vote, the Committee revised its Program for Security of FOMC Information with a set of technical changes to update references to other documents.
[2018-01-31] Andrew Figura, Assistant Director, Division of Research and Statistics, Board of Governors; Jason Wu, Assistant Director, Division of Monetary Affairs, Board of Governors
[2018-01-31] 7. The Committee authorizes the Selected Bank to hold foreign currencies for the System Open Market Account in accounts maintained at foreign central banks, the Bank for International Settlements, and
[2018-01-31] 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 Tuesday, January
[2018-01-31] With regard to inflation expectations, available readings from surveys had been steady and TIPS-based measures of inflation compensation had moved up, al­though they remained low. Many participants th
[2018-01-31] Conditions in consumer credit markets remained largely supportive of economic activity. Consumer credit increased notably in November, exceeding the more moderate volume of borrowing observed earlier
[2018-01-31] Some participants also commented on the likely evolution of the neutral federal funds rate. By most estimates, the neutral level of the federal funds rate had been very low in recent years, but it was
[2018-01-31] 4. In order to ensure the effective conduct of open market operations, while assisting in the provision of short-term investments or other authorized services for foreign central bank and internationa
[2018-01-31] iv. Subject to reasonable limitations on the amount of Eligible Securities that each borrower may borrow.
[2018-01-31] Loretta J. Mester, President of the Federal Reserve Bank of Cleveland, with Charles L. Evans, President of the Federal Reserve Bank of Chicago, as alternate
[2018-01-31] Todd E. Clark,3 Evan F. Koenig, Keith Sill, and Mark L.J. Wright, Senior Vice Presidents, Federal Reserve Banks of Cleveland, Dallas, Philadelphia, and Minneapolis, respectively
[2018-01-31] Participants generally saw incoming information on economic activity and the labor market as consistent with continued above-trend economic growth and a further strengthening in labor market condition
[2018-01-31] 2. The Committee directs the Selected Bank to execute warehousing transactions, if so requested by the United States Treasury and if approved by the Foreign Currency Subcommittee (the "Subcommittee"),
[2018-01-31] D. From time to time, to transmit appropriate reports and information to the National Advisory Council on International Monetary and Financial Policies.
[2018-01-31] The Federal Open Market Committee (FOMC) is firmly committed to fulfilling its statutory mandate from the Congress of promoting maximum employment, stable prices, and moderate long-term interest rates
[2018-01-31] Incoming data suggested that economic activity abroad continued to expand at a solid pace and that this expansion was broad based across countries. In the advanced foreign economies (AFEs), real GDP i
[2018-01-31] i. The Committee must direct the Selected Bank in advance to execute the operation if it would result in the overall volume of standalone spot and forward transactions in foreign currencies, as define
[2018-01-31] Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee expects that, with further gradual adjustments in the stance of monetary poli
[2018-01-31] Following the staff presentations, participants discussed how the inflation frameworks reviewed in the briefings informed their views on inflation and monetary policy. Almost all participants who comm
[2018-01-31] Ann E. Misback, Secretary, Office of the Secretary, Board of Governors
[2018-01-31] The staff provided its latest report on the potential risks to financial stability; the report continued to characterize the financial vulnerabilities of the U.S. financial system as moderate on balan
[2018-01-31] Notation Vote By notation vote completed on January 2, 2018, the Committee unanimously approved the minutes of the Committee meeting held on December 12-13, 2017.
[2018-01-31] Total industrial production increased over the two months ending in December, with broad-based gains in manufacturing, mining, and utilities output. Automakers' schedules indicated that assemblies of
[2018-01-31] By unanimous vote, the Committee selected Simon Potter and Lorie K. Logan to serve at the pleasure of the Committee as manager and deputy manager of the SOMA, respectively, on the understanding that t
[2018-01-31] William F. Bassett, Associate Director, Division of Financial Stability, Board of Governors
[2018-01-31] Thomas I. Barkin, President of the Federal Reserve Bank of Richmond, with Eric Rosengren, President of the Federal Reserve Bank of Boston, as alternate
[2018-01-31] Developments in Financial Markets and Open Market Operations The manager of the System Open Market Account (SOMA) provided a summary of developments in domestic and global financial markets over the i
[2018-01-31] Regulatory actions and improved risk management in recent years had put the financial system in a better position to withstand adverse shocks, such as a substantial decline in asset prices, than in th
[2018-01-31] A. For reciprocal currency arrangements all drawings must be approved in advance by the Committee (or by the Subcommittee, if the Subcommittee believes that consultation with the Committee is not feas
[2018-01-31] Raphael W. Bostic, President of the Federal Reserve Bank of Atlanta, with James Bullard, President of the Federal Reserve Bank of St. Louis, as alternate
[2018-01-31] 3. For any operation that involves standalone spot or forward transactions in foreign currencies:
[2018-01-31] C. The outstanding amount of the transactions described in paragraphs 1.A.ii and 2 shall not exceed $5 billion at any given time.
[2018-01-31] Antulio N. Bomfim, Ellen E. Meade, Stephen A. Meyer, Edward Nelson, and Joyce K. Zickler, Senior Advisers, Division of Monetary Affairs, Board of Governors; Jeremy B. Rudd, Senior Adviser, Division of
[2018-01-31] Any such adjustment described in subparagraph A of this paragraph 5 shall be made in the context of the Committee's discussion and decision about the stance of policy at its most recent meeting and th
[2018-01-31] Almost all participants continued to anticipate that inflation would move up to the Committee's 2 percent objective over the medium term as economic growth remained above trend and the labor market st
[2018-01-31] Voting for this action: Janet L. Yellen, William C. Dudley, Thomas I. Barkin, Raphael W. Bostic, Lael Brainard, Loretta J. Mester, Jerome H. Powell, Randal K. Quarles, and John C. Williams.
[2018-01-31] RECIPROCAL CURRENCY ARRANGEMENTS, AND STANDING DOLLAR AND FOREIGN CURRENCY LIQUIDITY SWAPS
[2018-01-31] iii. Managing balances in various time and other deposit accounts at foreign institutions approved by the Board of Governors under Regulation N.
[2018-01-31] James Bullard, Charles L. Evans, Esther L. George, Michael Strine, and Eric Rosengren, Alternate Members of the Federal Open Market Committee
[2018-01-31] A. The Selected Bank shall manage all holdings of foreign currencies for the System Open Market Account:
[2018-01-31] C. For purposes of this Authorization, the overall volume of standalone spot and forward transactions in foreign currencies is defined as the sum (disregarding signs) of the dollar values of individua
[2018-01-31] ii. The Committee authorizes the Subcommittee to direct the Selected Bank in advance to execute the operation if it would result in the overall volume of standalone spot and forward transactions in fo
[2018-01-31] iii. Conducted for such other purposes as may be determined by the Committee.
[2018-01-31] i. Purchasing and selling obligations of, or fully guaranteed as to principal and interest by, a foreign government or agency thereof ("Permitted Foreign Securities") through outright purchases and sa
[2018-01-31] 9. The Committee authorizes the Selected Bank to undertake transactions of the type described in this Authorization, and foreign exchange and investment transactions that it may be otherwise authorize
[2018-01-31] 5. The Committee authorizes the Selected Bank to maintain reciprocal currency arrangements established under the North American Framework Agreement, standing dollar liquidity swap arrangements, and st
[2018-01-31] Rochelle M. Edge, Deputy Director, Division of Monetary Affairs, Board of Governors; Maryann F. Hunter, Deputy Director, Division of Supervision and Regulation, Board of Governors
[2018-01-31] The nominal U.S. international trade deficit widened further in November after widening sharply in October. Exports of goods and services picked up in November, while imports, particularly of consumer
[2018-01-31] Financing conditions for nonfinancial businesses and households remained generally accommodative over the intermeeting period and continued to be supportive of economic activity. Respondents to the Ja
[2018-01-31] C. To exchange, at market prices, in connection with a Treasury auction, maturing Eligible Securities in the SOMA with the Treasury, in the case of Eligible Securities that are direct obligations of t
[2018-01-31] Annual Organizational Matters4 In the agenda for this meeting, it was reported that advices of the election of the following members and alternate members of the Federal Open Market Committee for a te
[2018-01-31] 4. The Committee directs the Selected Bank to hold and to invest foreign currencies in the portfolio in accordance with the provisions of paragraph 7 of the Authorization.
[2018-01-31] i. Undertake repo transactions in Eligible Securities with dealers with a corresponding reverse repo transaction in such Eligible Securities with the Customer Accounts; and
[2018-01-31] Participants characterized their business contacts as generally upbeat about the economy; their contacts cited the recent tax cuts and notable improvements in the global economic outlook as positive f
[2018-01-31] 12. The Committee authorizes the Chairman, in exceptional circumstances where it would not be feasible to convene the Committee, to foster the Committee's objectives by instructing the Selected Bank t
[2018-01-31] 5. The Committee authorizes the Chairman of the Committee, in fostering the Committee's objectives during any period between meetings of the Committee, to instruct the Selected Bank to act on behalf o
[2018-01-31] ii. Subject to paragraphs 7.A.i and 7.A.ii, to provide the highest rate of return possible in each currency; and
[2018-01-31] B. Undertake transactions with respect to Eligible Securities in order to appropriately address temporary disruptions of an operational or highly unusual nature in U.S. dollar funding markets.
[2018-01-31] Carlos Garriga and Jonathan L. Willis, Vice Presidents, Federal Reserve Banks of St. Louis and Kansas City, respectively
[2018-01-31] STATEMENT ON LONGER-RUN GOALS AND MONETARY POLICY STRATEGY (As amended effective January 30, 2018)
[2018-01-31] iii. Any changes in the terms of existing arrangements must be approved in advance by the Chairman. The Chairman shall keep the Committee informed of any changes in terms, and the terms shall be consi
[2018-01-31] David H. Small, Project Manager, Division of Monetary Affairs, Board of Governors
[2018-01-31] C. To designate Federal Reserve System persons authorized to communicate with the United States Treasury concerning System Open Market Account foreign currency operations; and
[2018-01-31] In their consideration of monetary policy, participants discussed the implications of recent economic and financial developments for the outlook for economic growth, labor market conditions, and infla
[2018-01-31] Camille Bryan, Lead Financial Analyst, Division of International Finance, Board of Governors
[2018-01-31] FOREIGN CURRENCY DIRECTIVE (As reaffirmed effective January 30, 2018)
[2018-01-31] A. All transactions authorized in this paragraph 3 shall be conducted with prior notice to the Committee;
[2018-01-31] Broad equity price indexes rose substantially over the intermeeting period, with investors pointing to a stronger global economic outlook and the supportive effect of the recently enacted tax legislat
[2018-01-31] 2. In order to ensure the effective conduct of open market operations, the Committee authorizes the Selected Bank to operate a program to lend Eligible Securities held in the SOMA to dealers on an ove
[2018-01-31] C. The Subcommittee, in consultation with the Committee, may provide additional instructions to the Selected Bank regarding holdings of foreign currencies.
[2018-01-31] Janet L. Yellen, Chair William C. Dudley, Vice Chairman Thomas I. Barkin Raphael W. Bostic Lael Brainard Loretta J. Mester Jerome H. Powell Randal K. Quarles John C. Williams
[2018-01-31] The staff presentations considered two key channels by which monetary policy influences inflation--the response of inflation to changes in resource utilization and the role of inflation expectations,
[2018-01-31] David Altig, Kartik B. Athreya, Thomas A. Connors, Mary Daly, David E. Lebow, Trevor A. Reeve, Argia M. Sbordone, Ellis W. Tallman, William Wascher, and Beth Anne Wilson, Associate Economists
[2018-01-31] At the conclusion of the discussion, the Committee voted to authorize and direct the Federal Reserve Bank of New York, until it was instructed otherwise, to execute transactions in the SOMA in accorda
[2018-01-31] B. To advise the Secretary of the United States Treasury concerning System foreign currency operations, and to consult with the Secretary on policy matters relating to foreign currency operations;
[2018-01-31] In commercial real estate (CRE) markets, growth of loans held by banks slowed further in the fourth quarter, though CRE loans held by small banks and some types of CRE loans held by large banks--const
[2018-01-31] Ellen J. Bromagen, First Vice President, Federal Reserve Bank of Chicago
[2018-01-31] Consistent with the Committee's decision to leave the target range for the federal funds rate unchanged, the Board of Governors voted unanimously to leave the interest rates on required and excess res
[2018-01-31] Bank of Canada Bank of England Bank of Japan European Central Bank Swiss National Bank
[2018-01-31] 5. The second vote of the Board also encompassed approval of the establishment of the interest rates for secondary and seasonal credit under the existing formulas for computing such rates. Return to t
[2018-01-31] ii. At a minimum lending fee consistent with the objectives of the program;
[2018-01-31] By unanimous vote, the following officers of the Committee were selected to serve until the selection of their successors at the first regularly scheduled meeting of the Committee in 2019:
[2018-01-31] Information received since the Federal Open Market Committee met in December indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid rate. Gai
[2018-01-31] 1. The Federal Open Market Committee is referenced as the "FOMC" and the "Committee" in these minutes. Return to text
[2018-01-31] 11. Any authority of the Subcommittee pursuant to this Authorization may be exercised by the Chairman if the Chairman believes that consultation with the Subcommittee is not feasible in the time avail
[2018-01-31] By unanimous vote, the Committee ratified the Open Market Desk's domestic transactions over the intermeeting period. There were no intervention operations in foreign currencies for the System's accoun
[2018-01-31] In the Committee's annual reconsideration of the Statement on Longer-Run Goals and Monetary Policy Strategy, participants agreed that only a minor revision was required at this meeting, which was to u
[2018-01-31] In their discussion of inflation developments, many participants noted that inflation data in recent months had generally pointed to a gradual rise in inflation, as the 12-month core PCE price inflati
[2018-01-31] 1. The Federal Open Market Committee (the "Committee") authorizes the Federal Reserve Bank selected by the Committee (the "Selected Bank") to execute open market transactions for the System Open Marke
[2018-01-31] B. For standing dollar liquidity swap arrangements all drawings must be approved in advance by the Chairman. The Chairman may approve a schedule of potential drawings, and may delegate to the manager,
[2018-01-31] Dana L. Burnett and Michele Cavallo, Section Chiefs, Division of Monetary Affairs, Board of Governors
[2018-01-31] The Committee voted unanimously to reaffirm without revision the Authorization for Foreign Currency Operations and the Foreign Currency Directive as shown below.
[2018-01-31] Transactions undertaken with Customer Accounts under the provisions of this paragraph 4 may provide for a service fee when appropriate. Transactions undertaken with Customer Accounts are also subject
[2018-01-31] i. Primarily, to ensure sufficient liquidity to enable the Selected Bank to conduct foreign currency operations as directed by the Committee;
[2018-02-21] The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on January 30-31, 2018.
[2018-02-21] FOMC minutes can be viewed on the Board's website at http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
[2018-02-21] Minutes of the Federal Open Market Committee January 30-31, 2018: HTML | PDF
[2018-02-21] 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
[2018-02-27] The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings from January 22 and January 31, 2018.
[2018-03-21] Consumer expenditures appeared likely to rise at a modest pace in the first quarter following a strong gain in the preceding quarter. Real PCE edged down in January, and the components of the nominal
[2018-03-21] Despite the recent volatility in some financial markets, financing conditions for nonfinancial corporations and households remained accommodative over the intermeeting period and continued to support
[2018-03-21] With regard to the medium-term outlook for monetary policy, all participants saw some further firming of the stance of monetary policy as likely to be warranted. Almost all participants agreed that it
[2018-03-21] A number of participants reported concern among their business contacts about the possible ramifications of the recent imposition of tariffs on imported steel and aluminum. Participants did not see th
[2018-03-21] James Bullard, Charles L. Evans, Esther L. George, Eric Rosengren, and Michael Strine,2 Alternate Members of the Federal Open Market Committee
[2018-03-21] In commercial real estate markets, loan growth at banks slowed further in January and February. Financing conditions in commercial mortgage-backed securities (CMBS) markets remained accommodative, as
[2018-03-21] In short-term funding markets, increased issuance of Treasury bills lifted Treasury bill yields above comparable-maturity OIS rates for the first time in almost a decade. The rise in bill yields was a
[2018-03-21] Rochelle M. Edge, Deputy Director, Division of Monetary Affairs, Board of Governors; Michael T. Kiley, Deputy Director, Division of Financial Stability, Board of Governors
[2018-03-21] By unanimous vote, the Committee ratified the Open Market Desk's domestic transactions over the intermeeting period. There were no intervention operations in foreign currencies for the System's accoun
[2018-03-21] 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
[2018-03-21] Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The economic outlook has strengthened in recent months. The Committee expects that, with fu
[2018-03-21] Participants noted incoming data suggesting some slowing in the rate of growth of household spending and business fixed investment after strong fourth-quarter readings. However, they expected that the
[2018-03-21] The broad nominal dollar index appreciated moderately over the period, largely reflecting an outsized depreciation of the Canadian dollar and a massive devaluation of the Venezuelan bolivar. (The Vene
[2018-03-21] Notation Vote By notation vote completed on February 20, 2018, the Committee unanimously approved the minutes of the Committee meeting held on January 30-31, 2018.
[2018-03-21] Staff Economic Outlook The staff projection for U.S. economic activity prepared for the March FOMC meeting was somewhat stronger, on balance, than the forecast at the time of the January meeting. The
[2018-03-21] Gains in total nonfarm payroll employment were strong over the two months ending in February. The labor force participation rate held steady in January and then stepped up markedly in February, with t
[2018-03-21] Patrick Harker, Robert S. Kaplan, and Neel Kashkari, Presidents of the Federal Reserve Banks of Philadelphia, Dallas, and Minneapolis, respectively
[2018-03-21] Anna Orlik, Senior Economist, Division of Monetary Affairs, Board of Governors
[2018-03-21] The vote also encompassed approval of the statement below to be released at 2:00 p.m.:
[2018-03-21] The projection for inflation over the medium term was revised up a bit, reflecting the slightly tighter resource utilization in the new forecast. The rates of both total and core PCE price inflation w
[2018-03-21] "Effective March 22, 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 1-1/2 to 1-3/4 pe
[2018-03-21] David H. Small, Project Manager, Division of Monetary Affairs, Board of Governors
[2018-03-21] Shaghil Ahmed, Brian M. Doyle, and Christopher J. Erceg, Senior Associate Directors, Division of International Finance, Board of Governors; Eric M. Engen and Diana Hancock, Senior Associate Directors,
[2018-03-21] Ann E. Misback, Secretary, Office of the Secretary, Board of Governors
[2018-03-21] In some Districts, surveys or business contacts reported increases in nonwage costs, particularly in the cost of materials, and in a few Districts, contacts reported passing on some of those costs in
[2018-03-21] 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.
[2018-03-21] 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 Tuesday, March 2