yusufizzetmurat/fed-pulse-embedding-caches huggingface dataset:
[2020-11-05] Andrew Figura, Deputy Associate Director, Division of Research and Statistics, Board of Governors; Christopher J. Gust, Deputy Associate Director, Division of Monetary Affairs, Board of Governors; Jef
[2020-11-05] James A. Clouse, Secretary Matthew M. Luecke, Deputy Secretary Michelle A. Smith, Assistant Secretary Mark E. Van Der Weide, General Counsel Michael Held, Deputy General Counsel Trevor A. Reeve, Econo
[2020-11-25] FOMC minutes can be viewed on the Board's website at http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
[2020-11-25] Minutes of the Federal Open Market Committee November 4-5, 2020: HTML | PDF
[2020-11-25] 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
[2020-11-25] The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on November 4-5, 2020.
[2020-11-30] Updated term sheet: Paycheck Protection Program Liquidity Facility
[2020-11-30] The extensions apply to the Commercial Paper Funding Facility, the Money Market Mutual Fund Liquidity Facility, the Primary Dealer Credit Facility, and the Paycheck Protection Program Liquidity Facili
[2020-11-30] By backstopping critical short-term funding markets, these facilities are supporting market functioning and enhancing the flow of credit to the economy. The extension, which has also been approved by
[2020-11-30] The Federal Reserve Board on Monday announced an extension through March 31, 2021, for several of its lending facilities that were generally scheduled to expire on or around December 31.
[2020-12-01] The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings from October 5 through November 5, 2020.
[2020-12-11] The first new illustrative chart shows the proportion of participants who indicated that the uncertainty surrounding their projections for each variable was higher or lower relative to the average lev
[2020-12-11] As indicated in the minutes of the Committee's November 2020 meeting, the charts will be included in the SEP beginning with the December 15-16, 2020, meeting. Additionally, beginning with the December
[2020-12-11] The attached examples are based on previously published SEP data through September 2020.
[2020-12-11] The Federal Reserve on Friday released illustrative examples of new charts that will be included in the Federal Open Market Committee's quarterly Summary of Economic Projections (SEP). The new charts
[2020-12-16] The manager discussed a proposal to extend the temporary U.S. dollar liquidity swap arrangements as well as the temporary FIMA (Foreign and International Monetary Authorities) Repo Facility through Se
[2020-12-16] The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. With inflation running persistently below this longer-run goal, the Committee will aim to
[2020-12-16] Elizabeth K. Kiser, Associate Director, Division of Research and Statistics, Board of Governors
[2020-12-16] Participants observed that the economy continued to show resilience in the face of the pandemic, though it was still far from having attained conditions consistent with the Committee's dual mandate. T
[2020-12-16] Randall A. Williams, Lead Information Manager, Division of Monetary Affairs, Board of Governors
[2020-12-16] The vote also encompassed approval of a statement for release.6 The following statement was released at 2:00 p.m.:
[2020-12-16] Participants noted that the COVID-19 pandemic was causing tremendous human and economic hardship across the United States and around the world. Economic activity and employment had continued to recove
[2020-12-16] A number of participants discussed considerations related to determining the eventual attainment of "substantial further progress" toward reaching the Committee's maximum employment and price stabilit
[2020-12-16] Financing conditions in consumer credit markets remained generally accommodative for borrowers with relatively strong credit. Credit card balances and average credit limits on existing accounts contra
[2020-12-16] Participants remarked that labor market conditions generally had continued to improve, but they were still a long way from those consistent with the Committee's maximum employment goal. Although the p
[2020-12-16] James A. Clouse, Secretary Matthew M. Luecke, Deputy Secretary Michelle A. Smith, Assistant Secretary Mark E. Van Der Weide, General Counsel Michael Held, Deputy General Counsel Trevor A. Reeve, Econo
[2020-12-16] Participants noted that overall financial conditions were accommodative, in part reflecting policy measures to support the economy and the flow of credit to households and businesses. However, partici
[2020-12-16] Matthew J. Eichner,4 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
[2020-12-16] After a strong rebound in the third quarter, foreign economic growth appeared to slow sharply in recent months. The resurgence of coronavirus infections in Europe and Canada prompted governments to re
[2020-12-16] Total real government purchases appeared to be declining moderately, on balance, in the fourth quarter. Federal defense spending continued to rise in October and November, although federal employment
[2020-12-16] The size of the Federal Reserve's balance sheet increased to around $7.3 trillion over the intermeeting period, driven by growth in securities holdings. The Desk conducted purchases to increase holdin
[2020-12-16] 4. Attended through the discussion of developments in financial markets and open market operations. Return to text
[2020-12-16] The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. The COVID-19
[2020-12-16] Becky C. Bareford, First Vice President, Federal Reserve Bank of Richmond
[2020-12-16] The path of the economy will depend significantly on the course of the virus. The ongoing public health crisis will continue to weigh on economic activity, employment, and inflation in the near term,
[2020-12-16] Housing-sector activity advanced further, on balance, in October, supported in part by low interest rates. Starts and construction permits for single-family homes continued to rise, while starts of mu
[2020-12-16] All members agreed to maintain the target range for the federal funds rate at 0 to 1/4 percent, and they expected that it would be appropriate to maintain this target range until labor market conditio
[2020-12-16] Jane E. Ihrig, Don H. Kim, and Edward Nelson, Senior Advisers, Division of Monetary Affairs, Board of Governors; Brett Berger,4 Senior Adviser, Division of International Finance, Board of Governors
[2020-12-16] Conditions in short-term funding markets remained stable over the intermeeting period. Spreads on commercial paper (CP) and negotiable certificates of deposit across different tenors were little chang
[2020-12-16] 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
[2020-12-16] The expected path of the federal funds rate, based on a straight read of overnight index swap rates, remained close to the effective lower bound through mid-2023. Survey-based measures indicated that
[2020-12-16] December 15-16, 2020 A joint meeting of the Federal Open Market Committee and the Board of Governors was held by videoconference on Tuesday, December 15, 2020, at 1:00 p.m. and continued on Wednesday,
[2020-12-16] Robert Lerman,4 Assistant Vice President, Federal Reserve Bank of New York
[2020-12-16] Penelope A. Beattie,3 Section Chief, Office of the Secretary, Board of Governors; Lubomir Petrasek, Section Chief, Division of Monetary Affairs, Board of Governors
[2020-12-16] In their comments about inflation, participants noted that increases in consumer prices had been soft of late, as prices of products in those categories most affected by social distancing—such as hote
[2020-12-16] In addition, members agreed that it would be appropriate for the Federal Reserve to continue to increase its holdings of Treasury securities by at least $80 billion per month and agency MBS by at leas
[2020-12-16] The COVID-19 pandemic is causing tremendous human and economic hardship across the United States and around the world. Economic activity and employment have continued to recover but remain well below
[2020-12-16] In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to adj
[2020-12-16] Ann E. Misback,3 Secretary, Office of the Secretary, Board of Governors
[2020-12-16] Courtney Demartini,4 Lead Financial Institution and Policy Analyst, Division of Monetary Affairs, Board of Governors
[2020-12-16] The staff observed that the uncertainty related to the future course of the pandemic, the measures to control it, and the associated economic effects remained elevated. In addition, the staff continue
[2020-12-16] Committee Policy Action In their discussion of monetary policy for this meeting, members agreed that the COVID-19 pandemic was causing tremendous human and economic hardship across the United States a
[2020-12-16] Investor sentiment abroad improved over the intermeeting period, as favorable news on COVID-19 vaccines and the resolution of uncertainty regarding the U.S. election apparently outweighed concerns abo
[2020-12-16] PRESENT: Jerome H. Powell, Chair John C. Williams, Vice Chair Michelle W. Bowman Lael Brainard Richard H. Clarida Patrick Harker Robert S. Kaplan Neel Kashkari Loretta J. Mester Randal K. Quarles
[2020-12-16] Thomas I. Barkin, Raphael W. Bostic, Mary C. Daly, Charles L. Evans, and Helen E. Mucciolo,2 Alternate Members of the Federal Open Market Committee
[2020-12-16] "The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals.
[2020-12-16] Jon Faust, Senior Special Adviser to the Chair, Division of Board Members, Board of Governors
[2020-12-16] Market participants had highlighted that uncertainty nevertheless remained high and had pointed to several prominent risks to the economic outlook. These risks included the possibility that the vaccin
[2020-12-16] In their consideration of monetary policy at this meeting, participants reaffirmed the Federal Reserve's commitment to using its full range of tools to support the U.S. economy during this challenging
[2020-12-16] It was agreed that the next meeting of the Committee would be held on Tuesday–Wednesday, January 26–27, 2021. The meeting adjourned at 10:05 a.m. on December 16, 2020.
[2020-12-16] Linda Robertson, Assistant to the Board, Division of Board Members, Board of Governors
[2020-12-16] Heather A. Wiggins,4 Group Manager, Division of Monetary Affairs, Board of Governors
[2020-12-16] Voting for the monetary policy action were Jerome H. Powell, Chair; John C. Williams, Vice Chair; Michelle W. Bowman; Lael Brainard; Richard H. Clarida; Patrick Harker; Robert S. Kaplan; Neel Kashkari
[2020-12-16] Yields on 2-year nominal Treasury securities were little changed since the November FOMC meeting, while 10- and 30-year yields rose moderately. Market participants attributed the increases in longer-t
[2020-12-16] Real PCE rose strongly in October, though at a more moderate pace than in the third quarter. Real disposable personal income declined in October, reflecting a large reduction in government transfer pa
[2020-12-16] Participants shared their views on the appropriate evolution of asset purchases once substantial further progress had been made toward the Committee's maximum employment and price stability goals. A n
[2020-12-16] Market participants generally anticipated calm money market conditions through year-end, and the premiums paid for dollar funding crossing year-end generally were below those observed in recent years.
[2020-12-16] Michele Cavallo and Erin E. Ferris, Principal Economists, Division of Monetary Affairs, Board of Governors
[2020-12-16] Todd E. Clark, Senior Vice President, Federal Reserve Bank of Cleveland
[2020-12-16] Eric M. Engen and John J. Stevens, Senior Associate Directors, Division of Research and Statistics, Board of Governors
[2020-12-16] Minutes of the Federal Open Market Committee December 15-16, 2020 A joint meeting of the Federal Open Market Committee and the Board of Governors was held by videoconference on Tuesday, December 15, 2
[2020-12-16] Joshua Gallin, Special Adviser to the Chair, Division of Board Members, Board of Governors
[2020-12-16] 2. Elected as an Alternate by the Federal Reserve Bank of New York, effective November 11, 2020. Return to text
[2020-12-16] Notation Vote By notation vote completed on November 24, 2020, the Committee unanimously approved the minutes of the Committee meeting held on November 4–5, 2020.
[2020-12-16] Eric C. Engstrom, Deputy Associate Director, Division of Monetary Affairs, Board of Governors; Norman J. Morin, Karen M. Pence, and John M. Roberts, Deputy Associate Directors, Division of Research an
[2020-12-16] James Bullard, Esther L. George, and Eric Rosengren, Presidents of the Federal Reserve Banks of St. Louis, Kansas City, and Boston, respectively
[2020-12-16] Participants noted that household spending on goods, especially durables, had been strong. Participants commented that the rebound in consumer spending was due, in part, to fiscal programs such as fed
[2020-12-16] Jonathan P. McCarthy, Matthew Nemeth,4 Giovanni Olivei, Rania Perry,4 Matthew D. Raskin,4 Jonathan L. Willis, and Patricia Zobel, Vice Presidents, Federal Reserve Banks of New York, New York, Boston,
[2020-12-16] By unanimous vote, the Committee voted to approve a resolution that extended through September 30, 2021, the expiration of a temporary repo facility for foreign and international monetary authorities
[2020-12-16] Financing conditions in capital markets continued to be broadly accommodative, supported by low interest rates and high equity valuations. With historically low corporate bond yields, gross issuance o
[2020-12-16] David H. Small, Project Manager, Division of Monetary Affairs, Board of Governors
[2020-12-16] Staff Review of the Financial Situation Financial market sentiment improved over the intermeeting period, boosted by news of forthcoming COVID-19 vaccines and reduced uncertainty following the U.S. el
[2020-12-16] Participants' Views on Current Conditions and the Economic Outlook In conjunction with this FOMC meeting, participants submitted their projections of the most likely outcomes for real GDP growth, the
[2020-12-16] Sally Davies and Brian M. Doyle, Deputy Directors, Division of International Finance, Board of Governors; Michael T. Kiley, Deputy Director, Division of Financial Stability, Board of Governors
[2020-12-16] The nominal U.S. international trade deficit widened in October. Both imports and exports continued to rebound from their collapse in the first half of the year. Goods imports in October rose above th
[2020-12-16] Broad stock price indexes increased over the intermeeting period, led by steep stock price gains in cyclical sectors and buoyed by the prospect of successful vaccines and lower post‑election uncertain
[2020-12-16] Kyungmin Kim4 and Arsenios Skaperdas,4 Senior Economists, Division of Monetary Affairs, Board of Governors
[2020-12-16] 6. The statement approved at the meeting included a drafting error. By notation vote shortly after the meeting concluded, the Committee unanimously approved a corrected version of the statement for re
[2020-12-16] All members reaffirmed that, in accordance with the Committee's goals to achieve maximum employment and inflation at the rate of 2 percent over the longer run and with inflation running persistently b
[2020-12-16] 1. The Federal Open Market Committee is referenced as the "FOMC" and the "Committee" in these minutes. Return to text
[2020-12-16] 5. The approved FIMA Desk Resolution, which updates the July 2020 resolution with a new expiration date, is available along with other Committee organizational documents at https://www.federalreserve.
[2020-12-16] Total PCE price inflation was 1.2 percent over the 12 months ending in October, and it continued to be held down by relatively weak aggregate demand and the declines in consumer energy prices seen ear
[2020-12-16] Total nonfarm payroll employment continued to increase solidly over October and November, though the rate of monthly job gains was more moderate than the substantial third‑quarter pace. Through Novemb
[2020-12-16] Primarily in response to the recent favorable news on the development of COVID-19 vaccines, the staff revised up its projection of real GDP growth for 2021 as a whole, as social-distancing measures we
[2020-12-16] Staff Economic Outlook In the U.S. economic projection prepared by the staff for the December FOMC meeting, real GDP growth was revised up and the unemployment rate revised down for the fourth quarter
[2020-12-16] "Effective December 17, 2020, the Federal Open Market Committee directs the Desk to:
[2020-12-16] In the CRE market, financing conditions remained accommodative, on net, over the intermeeting period. Agency commercial mortgage-backed security (CMBS) spreads remained narrow amid strong issuance in
[2020-12-16] With regard to market expectations concerning the policy outlook, responses to the Open Market Desk surveys of dealers and market participants suggested that views on the most likely timing of the nex
[2020-12-16] The intermeeting averages of the effective federal funds rate and the Secured Overnight Financing Rate remained unchanged from the previous intermeeting period averages, at 9 basis points and 8 basis
[2020-12-16] Developments in Financial Markets and Open Market Operations The manager of the System Open Market Account (SOMA) turned first to a discussion of financial market developments. Market sentiment improv
[2020-12-16] Kartik B. Athreya, Joseph W. Gruber, Sylvain Leduc, Anna Paulson, Daleep Singh, and Christopher J. Waller, Executive Vice Presidents, Federal Reserve Banks of Richmond, Kansas City, San Francisco, Chi
[2020-12-16] Participants continued to see the uncertainty surrounding the economic outlook as elevated, with the path of the economy highly dependent on the course of the virus. The positive vaccine news was seen
[2020-12-16] Shaghil Ahmed, Michael Dotsey, Rochelle M. Edge, Marc Giannoni, William Wascher, and Mark L.J. Wright, Associate Economists
[2020-12-16] 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
[2020-12-16] The credit quality of nonfinancial corporations continued to show signs of stabilization. Although the volume of nonfinancial corporate bond downgrades outpaced upgrades somewhat in October and Novemb
[2020-12-16] Industrial production rose strongly over October and November, led by gains in manufacturing output, but production was still below its February pre-pandemic level. The pickup in the production of mot
[2020-12-16] Voting for this action: Jerome H. Powell, John C. Williams, Michelle W. Bowman, Lael Brainard, Richard H. Clarida, Patrick Harker, Robert S. Kaplan, Neel Kashkari, Loretta J. Mester, and Randal K. Qua
[2020-12-16] In the residential mortgage market, financing conditions remained highly accommodative for borrowers accessing government-backed loans. Mortgage rates remained near historic lows, supporting robust lo
[2020-12-16] Secretary's note: The Chair subsequently provided approval to the Desk, following the procedures in the Authorization for Foreign Currency Operations, to extend the expiration of the temporary U.S. do
[2020-12-16] Financing conditions for small businesses remained tight, although some indicators suggested that they might have improved a bit. Data provided by the Federal Reserve Small Business Lending Survey sho
[2020-12-16] Margie Shanks, Deputy Secretary, Office of the Secretary, Board of Governors
[2020-12-16] William F. Bassett, Antulio N. Bomfim, Wendy E. Dunn, Burcu Duygan-Bump, Kurt F. Lewis, Ellen E. Meade, and Chiara Scotti, Special Advisers to the Board, Division of Board Members, Board of Governors
[2020-12-16] Members agreed that, in assessing the appropriate stance of monetary policy, they would continue to monitor the implications of incoming information for the economic outlook and that they would be pre
[2020-12-16] All participants supported enhancing the Committee's guidance on asset purchases at this meeting and, in particular, adopting qualitative, outcome-based guidance indicating that increases in asset hol
[2020-12-16] Brian J. Bonis and Dan Li, Assistant Directors, Division of Monetary Affairs, Board of Governors
[2020-12-16] Regarding the decisions on the pace and composition of the Committee's asset purchases, all participants judged that it would be appropriate to continue those purchases at least at the current pace, a
[2020-12-16] With respect to the business sector, participants observed that business equipment investment had picked up further, with strong readings registered on new orders and shipments. A couple of participan
[2020-12-16] Business fixed investment appeared to be expanding further, on net, in the fourth quarter following an outsized third-quarter increase. Nominal shipments of nondefense capital goods excluding aircraft
[2020-12-16] Staff Review of the Economic Situation The COVID-19 pandemic and the measures undertaken to contain its spread continued to affect economic activity in the United States and abroad. The information av
[2020-12-16] At the conclusion of the discussion, the Committee voted to authorize and direct the Federal Reserve Bank of New York, until instructed otherwise, to execute transactions in the SOMA in accordance wit
[2020-12-22] The Federal Reserve Board on Tuesday issued a notice of proposed rulemaking that requests public comment on proposed amendments to Regulation D (Reserve Requirements of Depository Institutions). Under
[2020-12-22] Concurrently, the Board announced that it is adopting as a final rule, without change, an interim final rule amending Regulation D to lower reserve requirement ratios on transaction accounts maintaine
[2020-12-29] In order to allow more time to process and fund loans that were submitted to the Main Street lender portal on or before December 14, 2020, the Federal Reserve Board on Tuesday extended the termination
[2020-12-29] As described in new frequently asked questions and program term sheets, the extension is consistent with section 1005 of the Consolidated Appropriations Act and was also approved by the Secretary of t
[2021-01-01] cre loan growth at banks was weak, on net, through february, consistent with tight bank lending standards.
[2021-01-01] turnover had also increased to around its highest level in a number of years, with many properties staying on the market for short periods of time.
[2021-01-01] as business investment in intellectual property, and ict, machinery and equipment had held up during 2020, there might not be as large an adverse effect on capital services and total factor productivi
[2021-01-01] In a virtuous circle, stable inflation expectations help the central bank to keep inflation low even as it retains substantial freedom to respond to disturbances to the broader economy.
[2021-01-01] But before I return to the prospects for 1998 and the challenges for monetary policy, I will offer a retrospective on 1997.
[2021-01-01] activity has proven more resilient than expected in the face of the covid-19 pandemic, and the rollout of vaccines is progressing.
[2021-01-01] global financial markets and commodity prices have reacted positively to improving economic prospects.