yusufizzetmurat/fed-pulse-embedding-caches huggingface dataset:
[2017-02-01] Participants discussed whether their current assessments of economic conditions and the medium-term outlook warranted altering their earlier views of the appropriate path for the target range for the
[2017-02-01] B. In close and continuous cooperation and consultation, as appropriate, with the United States Treasury.
[2017-02-01] Broad U.S. equity price indexes fluctuated in a relatively narrow range and were little changed, on net, over the intermeeting period. However, equity prices remained notably higher than just before t
[2017-02-01] "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 rate
[2017-02-01] 6. Any other operations in foreign currencies for which governance is not otherwise specified in this Authorization (such as foreign exchange swap transactions with private-sector counterparties) must
[2017-02-01] Foreign real GDP growth appeared to slow somewhat in the fourth quarter from its relatively strong third-quarter pace. Nevertheless, recent data on foreign industrial production and trade seemed to be
[2017-02-01] 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
[2017-02-01] C. Standing foreign currency liquidity swap arrangements with the following foreign central banks:
[2017-02-01] A. To buy or sell in the open market securities that are direct obligations of, or fully guaranteed as to principal and interest by, the United States, and securities that are direct obligations of, o
[2017-02-01] William C. Dudley, President of the Federal Reserve Bank of New York, with Michael Strine, First Vice President of the Federal Reserve Bank of New York, as alternate
[2017-02-01] Minutes of the Federal Open Market Committee January 31-February 1, 2017 A joint meeting of the Federal Open Market Committee and the Board of Governors was held in the offices of the Board of Governo
[2017-02-01] James Bullard, Esther L. George, and Eric Rosengren, Presidents of the Federal Reserve Banks of St. Louis, Kansas City, and Boston, respectively
[2017-02-01] C. To designate Federal Reserve System persons authorized to communicate with the United States Treasury concerning System Open Market Account foreign currency operations; and
[2017-02-01] 6. 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
[2017-02-01] Laurie DeMarco, Principal Economist, Division of International Finance, Board of Governors; Naomi Feldman, Principal Economist, Division of Research and Statistics, Board of Governors; Yuriy Kitsul an
[2017-02-01] The deputy manager followed with a briefing on developments in money markets, market expectations for the System's balance sheet, and open market operations. In money markets, interest rates smoothly
[2017-02-01] iii. Accept agency securities as collateral only for a loan of agency securities authorized in this paragraph 3.
[2017-02-01] 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
[2017-02-01] Credit conditions for residential mortgages were little changed, on net, over the intermeeting period. Mortgage credit was broadly available to households with average to high credit scores, while cre
[2017-02-01] iv. Subject to reasonable limitations on the amount of Eligible Securities that each borrower may borrow.
[2017-02-01] B. The aggregate par value of the transactions authorized in this paragraph 2 that are of the type described in paragraph 1.A.i shall not exceed $5 billion per calendar year; and
[2017-02-01] The Committee directs the Desk to continue rolling over maturing Treasury securities at auction and to continue reinvesting principal payments on all agency debt and agency mortgage-backed securities
[2017-02-01] D. Operations involving standing dollar liquidity swap arrangements and standing foreign currency liquidity swap arrangements shall generally be directed at countering strains in financial markets in
[2017-02-01] The vote also encompassed approval of the statement below to be released at 2:00 p.m.:
[2017-02-01] E. For reciprocal currency arrangements, standing dollar liquidity swap arrangements, and standing foreign currency liquidity swap arrangements:
[2017-02-01] The staff's forecast for consumer price inflation was unchanged on balance. The staff continued to project that inflation would increase over the next several years, as food and energy prices, along w
[2017-02-01] At this meeting, members continued to expect that, with gradual adjustments in the stance of monetary policy, inflation would rise to the Committee's 2 percent objective over the medium term. This vie
[2017-02-01] iii. Managing balances in various time and other deposit accounts at foreign institutions approved by the Board of Governors under Regulation N.
[2017-02-01] The staff provided its latest report on potential risks to financial stability, indicating that it continued to judge the vulnerabilities of the U.S. financial system as moderate on balance. The staff
[2017-02-01] The Committee also decided to maintain its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities
[2017-02-01] Inflation, employment, and long-term interest rates fluctuate over time in response to economic and financial disturbances. Moreover, monetary policy actions tend to influence economic activity and pr
[2017-02-01] ii. Undertake intra-day repo transactions in Eligible Securities with Foreign Accounts.
[2017-02-01] Eric C. Engstrom, Adviser, Division of Monetary Affairs, and Adviser, Division of Research and Statistics, Board of Governors
[2017-02-01] Linda Robertson, Assistant to the Board, Office of Board Members, Board of Governors
[2017-02-01] All participants supported the revisions, and the Committee voted unanimously to approve the revised policies.
[2017-02-01] Staff Economic Outlook In the U.S. economic projection prepared by the staff for this FOMC meeting, the near-term forecast was little changed from the December meeting. Real GDP growth in the fourth q
[2017-02-01] 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
[2017-02-01] 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
[2017-02-01] 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
[2017-02-01] By unanimous vote, the Federal Reserve Bank of New York was selected to execute transactions for the System Open Market Account (SOMA).
[2017-02-01] Total U.S. consumer prices, as measured by the PCE price index, increased a little more than 1-1/2 percent over the 12 months ending in December, partly restrained by decreases in consumer food prices
[2017-02-01] 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
[2017-02-01] iii. Subject to reasonable limitations on the total amount of a specific issue of Eligible Securities that may be auctioned; and
[2017-02-01] 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
[2017-02-01] Staff Review of the Economic Situation The information reviewed for the January 31-February 1 meeting indicated that real gross domestic product (GDP) expanded at a moderate rate in the fourth quarter
[2017-02-01] The Committee is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities and of ro
[2017-02-01] Money market rates responded as expected to the change in the target range for the federal funds rate. The effective federal funds rate was 66 basis points--25 basis points higher than previously--eve
[2017-02-01] Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee expects that, with gradual adjustments in the stance of monetary policy, econ
[2017-02-01] 2. The Committee authorizes the Selected Bank to undertake transactions of the type described in paragraph 1 from time to time for the purpose of testing operational readiness, subject to the followin
[2017-02-01] Bruce Fallick, Giovanni Olivei, and Robert G. Valletta, Vice Presidents, Federal Reserve Banks of Cleveland, Boston, and San Francisco, respectively
[2017-02-01] 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
[2017-02-01] "Effective February 2, 2017, 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 1/2 to 3/4 perc
[2017-02-01] By unanimous vote, the Committee amended its Program for Security of FOMC Information (Program) with (1) minor changes that provide some additional flexibility in the classification of FOMC informatio
[2017-02-01] ii. At a minimum lending fee consistent with the objectives of the program;
[2017-02-01] Participants emphasized that the Committee might need to change its communications regarding the anticipated path for the policy rate if economic conditions evolved differently than the Committee expe
[2017-02-01] 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 objectives
[2017-02-01] The Committee intends to reaffirm these principles and to make adjustments as appropriate at its annual organizational meeting each January."
[2017-02-01] 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
[2017-02-01] i. Generally directed at countering disorderly market conditions; or
[2017-02-01] 6. The Committee directs the Selected Bank to conduct testing of transactions for the purpose of operational readiness in accordance with the provisions of paragraph 9 of the Authorization.
[2017-02-01] A. With the prior approval of the Committee, to enter into any needed agreement or understanding with the Secretary of the United States Treasury about the division of responsibility for foreign curre
[2017-02-01] Real personal consumption expenditures (PCE) rose at a moderate pace in the fourth quarter. Consumer expenditures for durable goods, particularly motor vehicles, increased considerably. However, consu
[2017-02-01] 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
[2017-02-01] i. All arrangements are subject to annual review and approval by the Committee;
[2017-02-01] 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"),
[2017-02-01] Credit continued to be broadly available in the commercial real estate (CRE) sector, although results from the January SLOOS indicated that banks continued to tighten their lending standards in the fo
[2017-02-01] Kenneth C. Montgomery, First Vice President, Federal Reserve Bank of Boston
[2017-02-01] AUTHORIZATION FOR FOREIGN CURRENCY OPERATIONS (As reaffirmed effective January 31, 2017)
[2017-02-01] 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;
[2017-02-01] ii. Purchasing Permitted Foreign Securities under agreements for repurchase of such Permitted Foreign Securities and selling such securities under agreements for the resale of such securities; and
[2017-02-01] D. To exchange, at market prices, maturing Eligible Securities in the SOMA with an agency of the United States, in the case of Eligible Securities that are direct obligations of that agency or that ar
[2017-02-01] Min Wei, Deputy Associate Director, Division of Monetary Affairs, Board of Governors
[2017-02-01] Robert S. Kaplan, President of the Federal Reserve Bank of Dallas, with Marie Gooding, First Vice President of the Federal Reserve Bank of Atlanta, as alternate
[2017-02-01] ii. As a temporary operation: on a same-day or deferred delivery basis, to purchase such Eligible Securities subject to an agreement to resell ("repo transactions") or to sell such Eligible Securities
[2017-02-01] David Altig, Ron Feldman, and Christopher J. Waller, Executive Vice Presidents, Federal Reserve Banks of Atlanta, Minneapolis, and St. Louis, respectively
[2017-02-01] 3. The Committee directs the Selected Bank to maintain, for the System Open Market Account:
[2017-02-01] Trevor A. Reeve, Senior Special Adviser to the Chair, Office of Board Members, Board of Governors
[2017-02-01] Financial conditions appeared to have changed little, on net, in recent months: Equity prices had risen and credit spreads had narrowed, but longer-term interest rates had increased and the dollar had
[2017-02-01] A. In a manner consistent with the obligations regarding exchange arrangements under Article IV of the Articles of Agreement of the International Monetary Fund (IMF).1
[2017-02-01] Patrick Harker, President of the Federal Reserve Bank of Philadelphia, with Jeffrey M. Lacker, President of the Federal Reserve Bank of Richmond, as alternate
[2017-02-01] Financing conditions in consumer credit markets remained generally accommodative, although lending standards for credit cards continued to be tight for subprime borrowers. Respondents to the January S
[2017-02-01] By unanimous vote, the Committee voted to reaffirm without change the Authorization for Domestic Open Market Operations, the Authorization for Foreign Currency Operations, and the Foreign Currency Dir
[2017-02-01] 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
[2017-02-01] Robert deV. Frierson, Secretary, Office of the Secretary, Board of Governors
[2017-02-01] 3. For any operation that involves standalone spot or forward transactions in foreign currencies:
[2017-02-01] D. From time to time, to transmit appropriate reports and information to the National Advisory Council on International Monetary and Financial Policies.
[2017-02-01] 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
[2017-02-01] In discussing the outlook for monetary policy over the period ahead, many participants expressed the view that it might be appropriate to raise the federal funds rate again fairly soon if incoming inf
[2017-02-01] Michael T. Kiley, Deputy Director, Division of Financial Stability, Board of Governors; Stephen A. Meyer, Deputy Director, Division of Monetary Affairs, Board of Governors
[2017-02-01] In setting monetary policy, the Committee seeks to mitigate deviations of inflation from its longer-run goal and deviations of employment from the Committee's assessments of its maximum level. These o
[2017-02-01] 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
[2017-02-01] 1. The Federal Open Market Committee is referenced as the "FOMC" and the "Committee" in these minutes. Return to text
[2017-02-01] Yields on nominal Treasury securities increased across most maturities following the December FOMC meeting, but they fell, on balance, over the remainder of the intermeeting period. While market comme
[2017-02-01] Shaghil Ahmed,2 Associate Director, Division of International Finance, Board of Governors; Jane E. Ihrig, Associate Director, Division of Monetary Affairs, Board of Governors
[2017-02-01] Information on inflation received over the intermeeting period was broadly in line with participants' expectations and was consistent with a view that PCE inflation was moving closer to the Committee'
[2017-02-01] 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.
[2017-02-01] RECIPROCAL CURRENCY ARRANGEMENTS, AND STANDING DOLLAR AND FOREIGN CURRENCY LIQUIDITY SWAPS
[2017-02-01] The inflation rate over the longer run is primarily determined by monetary policy, and hence the Committee has the ability to specify a longer-run goal for inflation. The Committee reaffirms its judgm
[2017-02-01] Regarding the household sector, consumer spending posted a moderate increase in the fourth quarter, and participants generally anticipated that further gains in consumer spending would contribute impo
[2017-02-01] B. Standing dollar liquidity swap arrangements with the following foreign central banks:
[2017-02-01] Dana L. Burnett, Section Chief, Division of Monetary Affairs, Board of Governors
[2017-02-01] 5. Committee organizational documents are available at www.federalreserve.gov/monetarypolicy/rules_authorizations.htm. Return to text
[2017-02-01] Although the FOMC's decision to raise the target range for the federal funds rate to 1/2 to 3/4 percent at the December meeting was widely anticipated in financial markets, contacts generally characte
[2017-02-01] Total industrial production edged down in the fourth quarter as a whole. Mining output expanded markedly, but manufacturing production advanced only modestly. The output of utilities declined, as the
[2017-02-01] B. To allow Eligible Securities in the SOMA to mature without replacement;
[2017-02-01] Janet L. Yellen, Chair William C. Dudley, Vice Chairman Lael Brainard Charles L. Evans Stanley Fischer Patrick Harker Robert S. Kaplan Neel Kashkari Jerome H. Powell Daniel K. Tarullo
[2017-02-01] 1. In general, as specified in Article IV, each member of the IMF undertakes to collaborate with the IMF and other members to assure orderly exchange arrangements and to promote a stable system of exc
[2017-02-16] Early Withdrawal The penalty for obtaining a return of funds prior to the maturity date includes the forfeiture of all interest on the term deposit plus an additional fee of 0.75000 percent at an annu
[2017-02-16] Notification Participants will be able to view their awards by accessing the Term Deposit Facility application.
[2017-02-16] See the TDF Resource Center for additional details regarding this feature and the terms and conditions for early withdrawal (www.frbservices.org/centralbank/term_deposit_facility.html).
[2017-02-16] The Federal Reserve plans to continue its previously announced periodic testing of the Term Deposit Facility (TDF) with one operation in February. These operations are aimed at ensuring the operationa
[2017-02-16] On February 23, 2017, the Federal Reserve will conduct a floating-rate offering of term deposits with an early withdrawal feature through its TDF. The Federal Reserve will offer seven-day term deposit
[2017-02-16] Summary operation results will be published on the Board of Governors' website (http://www.federalreserve.gov/monetarypolicy/tdf.htm) at approximately 3:30 p.m. EST on the notification date.
[2017-02-16] Additional information, including the steps that institutions must complete to be eligible to participate in term deposit operations are available at http://www.frbservices.org/centralbank/term_deposi
[2017-02-16] All tenders that are complete and compliant with the operation parameters listed above will be automatically awarded in full.
[2017-02-16] Submission of Tender Participants must submit tenders by accessing the Term Deposit Facility application (https://www.federalreserve.org/arrow/ARROWWeb/home.do) between the opening time and the closin
[2017-02-16] The operation will be conducted as specified in this announcement, Regulation D, and the terms and conditions of the Term Deposit Facility (http://www.frbservices.org/centralbank/term_deposit_facility
[2017-02-22] FOMC minutes can be viewed on the Board's website at http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
[2017-02-22] The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on January 31-February 1, 2017.
[2017-02-22] 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
[2017-02-22] Minutes of the Federal Open Market Committee January 31-February 1, 2017: HTML | PDF
[2017-02-23] On February 23, 2017, the Federal Reserve conducted a floating-rate offering of term deposits through its Term Deposit Facility. The operation offered seven-day term deposits with the rate set equal t
[2017-02-23] The awarded deposits will settle on February 23, 2017, and will mature on March 2, 2017. The operation effective rate will apply to all awarded deposits.
[2017-02-28] The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings from January 23 and February 1, 2017.
[2017-03-03] The examples and related materials, based on previously published SEP data from September and December 2016, are attached.
[2017-03-03] As indicated in the minutes of the Committee's January-February 2017 meeting, the fan charts will be included in the Summary of Economic Projections (SEP) beginning with the minutes of the March 14-15
[2017-03-03] The Federal Reserve on Friday released examples of new charts (sometimes called "fan charts") and related materials that illustrate and describe the uncertainty that attends Federal Open Market Commit
[2017-03-15] Staff Review of the Financial Situation Financial markets were generally quiet over the intermeeting period. The Committee's decision to keep the target range for the federal funds rate unchanged at t
[2017-03-15] Recent information on housing activity suggested that residential investment increased at a solid pace early in the year. Starts for both new single-family homes and multifamily units strengthened in
[2017-03-15] Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee expects that, with gradual adjustments in the stance of monetary policy, econ
[2017-03-15] 4. The office of the president of the Federal Reserve Bank of Atlanta was vacant at the time of this FOMC meeting; the incoming president of the Federal Reserve Bank of Atlanta is scheduled to assume
[2017-03-15] "Information received since the Federal Open Market Committee met in February indicates that the labor market has continued to strengthen and that economic activity has continued to expand at a modera
[2017-03-15] Andrea Ajello, Principal Economist, Division of Monetary Affairs, Board of Governors
[2017-03-15] Linda Robertson, Assistant to the Board, Office of Board Members, Board of Governors