yusufizzetmurat/fed-pulse-embedding-caches huggingface dataset:
[2022-11-02] Voting for the monetary policy action were Jerome H. Powell, Chair; John C. Williams, Vice Chair; Michael S. Barr; Michelle W. Bowman; Lael Brainard; James Bullard; Susan M. Collins; Lisa D. Cook; Est
[2022-11-02] Argia M. Sbordone, Research Department Head, Federal Reserve Bank of New York
[2022-11-02] Laura Lipscomb, Special Adviser to the Board, Division of Board Members, Board
[2022-11-02] Kurt F. Lewis, Special Adviser to the Board, Division of Board Members, Board
[2022-11-02] ï»¿ The Fed - Monetary Policy: Skip to main content An official website of the United States Government Here's how you know Official websites use .gov A .gov website belongs to an official government
[2022-11-02] Michael S. Gibson, Director, Division of Supervision and Regulation, Board
[2022-11-02] Valerie S. Hinojosa, Section Chief, Division of Monetary Affairs, Board
[2022-11-02] With regard to current economic activity and the near-term outlook, participants observed that al­though real GDP rebounded in the third quarter, recent data suggested that economic activity in the ne
[2022-11-02] Nitish Ranjan Sinha, Special Adviser to the Board, Division of Board Members, Board
[2022-11-02] Consumer price inflation remained elevated. Total PCE price inflation was 6.2 percent over the 12 months ending in September, and core PCE inflation, which excludes changes in consumer energy prices a
[2022-11-02] Thomas I. Barkin, Raphael W. Bostic, and Mary C. Daly, Presidents of the Federal Reserve Banks of Richmond, Atlanta, and San Francisco, respectively
[2022-11-02] In September, total nonfarm payroll employment posted a solid gain that was somewhat slower than the pace seen in recent months, and the unemployment rate declined 0.2 percentage point to 3.5 percent.
[2022-11-02] James A. Clouse, Secretary Matthew M. Luecke, Deputy Secretary Brian J. Bonis, Assistant Secretary Michelle A. Smith, Assistant Secretary Mark E. Van Der Weide, General Counsel Trevor A. Reeve, Econom
[2022-11-02] Glenn Follette, Associate Director, Division of Research and Statistics, Board
[2022-11-02] 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
[2022-11-02] Michael T. Kiley, Deputy Director, Division of Financial Stability, Board
[2022-11-02] Participants mentioned a number of considerations that would likely influence the pace of future increases in the target range for the federal funds rate. These considerations included the cumulative
[2022-11-02] Andrea Raffo, Senior Vice President, Federal Reserve Bank of Minneapolis
[2022-11-02] 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. They would be prepared to
[2022-11-02] The expected path of the federal funds rate implied by a straight read of financial market quotes rose notably over the intermeeting period, largely reflecting more-restrictive-than-expected monetary
[2022-11-02] Penelope A. Beattie, Section Chief, Office of the Secretary, Board
[2022-11-02] The credit quality of most households also appeared to remain solid. Delinquencies on residential mortgage loans continued to trend down, and the share of mortgages in foreclosure in August remained c
[2022-11-02] Fernanda Nechio, Vice President, Federal Reserve Bank of San Francisco
[2022-11-02] In their discussion of the household sector, participants noted that growth in consumer spending had softened recently. Several participants remarked that there had been a reduction in discretionary e
[2022-11-03] The Federal Reserve Board announced on Thursday that it approved action on by the Boards of Directors of the Federal Reserve Banks of New York, Philadelphia, and Kansas City increasing the discount ra
[2022-11-03] For media inquiries, call 202-452-2955 or e-mail [email protected].
[2022-11-23] Minutes of the Federal Open Market Committee November 1-2, 2022: HTML | PDF
[2022-11-23] For media inquiries, e-mail [email protected] or call 202-452-2955
[2022-11-23] 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
[2022-11-23] FOMC minutes can be viewed on the Board's website at http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
[2022-11-23] The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on November 1–2, 2022.
[2022-11-29] The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings from October 3 through November 2, 2022.
[2022-11-29] For media inquiries, call 202-452-2955 or email [email protected].
[2022-12-14] Kartik B. Athreya, Executive Vice President, Federal Reserve Bank of Richmond
[2022-12-14] Rochelle M. Edge, Deputy Director, Division of Monetary Affairs, Board
[2022-12-14] Participants observed that the labor market had remained very tight, with the unemployment rate near a historically low level, robust payroll gains, a high level of job vacancies, and elevated nominal
[2022-12-14] A joint meeting of the Federal Open Market Committee and the Board of Governors of the Federal Reserve System was held in the offices of the Board of Governors on Tuesday, December 13, 2022, at 10:00
[2022-12-14] Participants generally noted that the uncertainty associated with their economic outlooks was high and that the risks to the inflation outlook remained tilted to the upside. Participants cited the pos
[2022-12-14] Regarding the outlook for monetary policy, both market- and Desk survey-based measures indicated expectations for the Committee to maintain elevated policy rates through 2023. In the December survey,
[2022-12-14] Andreas Lehnert, Director, Division of Financial Stability, Board
[2022-12-14] Joshua Gallin, Senior Special Adviser to the Chair, Division of Board Members, Board
[2022-12-14] Anna Nordstrom, Capital Markets Trading Head, Federal Reserve Bank of New York
[2022-12-14] The expected path of the federal funds rate implied by a straight read of financial market quotes ended the intermeeting period lower, largely reflecting data releases that pointed to a larger-than-ex
[2022-12-14] Jose Acosta, Senior Communications Analyst, Division of Information Technology, Board
[2022-12-14] Eric M. Engen, Senior Associate Director, Division of Research and Statistics, Board
[2022-12-14] Credit was readily available in the residential mortgage market for high-credit-score borrowers who met standard conforming loan criteria. Credit availability for households with lower credit scores w
[2022-12-14] Marcelo Ochoa,3 Principal Economist, Division of Monetary Affairs, Board
[2022-12-14] Voting for this action: Jerome H. Powell, John C. Williams, Michael S. Barr, Michelle W. Bowman, Lael Brainard, James Bullard, Susan M. Collins, Lisa D. Cook, Esther L. George, Philip N. Jefferson, Lo
[2022-12-14] Jon Faust, Senior Special Adviser to the Chair, Division of Board Members, Board
[2022-12-14] David Altig, Executive Vice President, Federal Reserve Bank of Atlanta
[2022-12-14] The credit quality of nonfinancial corporations remained solid. The volume of speculative-grade corporate bond downgrades slightly exceeded upgrades in October and November, while for investment-grade
[2022-12-14] 2. Attended through the discussion of developments in financial markets and open market operations. Return to text
[2022-12-14] Valerie S. Hinojosa, Section Chief, Division of Monetary Affairs, Board
[2022-12-14] Eric C. Engstrom, Associate Director, Division of Monetary Affairs, Board
[2022-12-14] After narrowing in the third quarter, the nominal U.S. international trade deficit widened in October. Real goods exports fell, led by declines in exports of industrial supplies and consumer goods. Re
[2022-12-14] Recent indicators point to modest growth in spending and production. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated, reflecting sup
[2022-12-14] Jennifer J. Burns, Deputy Director, Division of Supervision and Regulation, Board
[2022-12-14] Navtej S. Dhillon, Special Adviser to the Board, Division of Board Members, Board
[2022-12-14] In light of the heightened uncertainty regarding the outlooks for both inflation and real economic activity, most participants emphasized the need to retain flexibility and optionality when moving pol
[2022-12-14] Jeffrey D. Walker,2 Associate Director, Division of Reserve Bank Operations and Payment Systems, Board
[2022-12-14] In recent months, banks continued to increase their use of wholesale funding. In addition, survey information suggested that banks expected to move deposit rates modestly higher relative to the target
[2022-12-14] With inflation still elevated, the staff continued to view the risks to the inflation projection as skewed to the upside. Moreover, the sluggish growth in real private domestic spending expected over
[2022-12-14] Ellen J. Bromagen, First Vice President, Federal Reserve Bank of Chicago
[2022-12-14] Participants discussed a number of risk-management considerations related to the conduct of monetary policy. Many participants highlighted that the Committee needed to continue to balance two risks. O
[2022-12-14] 5. 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, New York, Philadelphia, Cleveland, Richmond, A
[2022-12-14] John W. Schindler,4 Senior Associate Director, Division of Financial Stability, Board
[2022-12-14] Members observed that Russia's war against Ukraine was causing tremendous human and economic hardship. They also agreed that the war and related events were contributing to upward pressure on inflatio
[2022-12-14] Staff Economic Outlook The forecast for U.S. economic activity prepared by the staff for the December FOMC meeting was not as weak as the November projection. Recent data suggested that real GDP growt
[2022-12-14] With inflation still well above the Committee's longer-run goal of 2 percent, participants agreed that inflation was unacceptably high. Participants concurred that the inflation data received for Octo
[2022-12-14] 1. The Federal Open Market Committee is referenced as the "FOMC" and the "Committee" in these minutes; the Board of Governors of the Federal Reserve System is referenced as the "Board" in these minute
[2022-12-14] Anna Paulson, Executive Vice President, Federal Reserve Bank of Chicago
[2022-12-14] Notation Vote By notation vote completed on November 22, 2022, the Committee unanimously approved the minutes of the Committee meeting held on November 1–2, 2022.
[2022-12-14] It was agreed that the next meeting of the Committee would be held on Tuesday–Wednesday, January 31–February 1, 2023. The meeting adjourned at 10:35 a.m. on December 14, 2022.
[2022-12-14] Participants reaffirmed their strong commitment to returning inflation to the Committee's 2 percent objective. A number of participants emphasized that it would be important to clearly communicate tha
[2022-12-14] Burcu Duygan-Bump, Special Adviser to the Board, Division of Board Members, Board
[2022-12-14] David López-Salido, Senior Associate Director, Division of Monetary Affairs, Board
[2022-12-14] Stephanie E. Curcuru, Deputy Director, Division of International Finance, Board
[2022-12-14] The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals, the Committee decided to raise the target range for the federal
[2022-12-14] The manager pro tem turned next to a discussion of operations and money markets and assessed that balance sheet runoff was proceeding smoothly. Repurchase agreement (repo) rates firmed modestly relati
[2022-12-14] Benjamin K. Johannsen, Section Chief, Division of Monetary Affairs, Board
[2022-12-14] Penelope A. Beattie, Section Chief, Office of the Secretary, Board
[2022-12-14] The credit quality of most households remained solid overall. Delinquencies on conventional mortgages continued to trend down through October, while those on Federal Housing Administration mortgages t
[2022-12-14] Giovanni Olivei, Senior Vice President, Federal Reserve Bank of Boston
[2022-12-14] In their discussion of the household sector, participants noted that growth in consumer spending in September and October had been stronger than they had previously expected, likely supported by a str
[2022-12-14] Annette Vissing-Jørgensen, Senior Adviser, Division of Monetary Affairs, Board
[2022-12-14] Jonathan P. McCarthy, Economic Research Advisor, Federal Reserve Bank of New York
[2022-12-14] Consumer price inflation remained elevated but had eased in recent months. Total PCE price inflation was 6.0 percent over the 12 months ending in October, 0.3 percentage point below the September figu
[2022-12-14] 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. They would be prepared to
[2022-12-14] 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
[2022-12-14] Paul Lengermann, Assistant Director, Division of Research and Statistics, Board
[2022-12-14] Norman J. Morin, Deputy Associate Director, Division of Research and Statistics, Board
[2022-12-14] Voting for the monetary policy action were Jerome H. Powell, Chair; John C. Williams, Vice Chair; Michael S. Barr; Michelle W. Bowman; Lael Brainard; James Bullard; Susan M. Collins; Lisa D. Cook; Est
[2022-12-14] Michelle M. Neal, Head of Markets, Federal Reserve Bank of New York
[2022-12-14] Laura Lipscomb, Special Adviser to the Board, Division of Board Members, Board
[2022-12-14] Glenn Follette, Associate Director, Division of Research and Statistics, Board
[2022-12-14] Andrea Raffo, Senior Vice President, Federal Reserve Bank of Minneapolis
[2022-12-14] Rebecca Zarutskie, Special Adviser to the Board, Division of Board Members, Board
[2022-12-14] Participants observed that measures from surveys of households and businesses as well as from financial markets generally indicated that longer-term inflation expectations remained well anchored, whil
[2022-12-14] Samuel Schulhofer-Wohl, Senior Vice President, Federal Reserve Bank of Dallas
[2022-12-14] Jane E. Ihrig, Special Adviser to the Board, Division of Board Members, Board
[2022-12-14] Linda Robertson, Assistant to the Board, Division of Board Members, Board
[2022-12-14] On a four-quarter change basis, total PCE price inflation was expected to be 5.5 percent in 2022, while core inflation was expected to be 4.7 percent, both lower than in the November projection. With
[2022-12-14] Thomas I. Barkin, Raphael W. Bostic, and Mary C. Daly, Presidents of the Federal Reserve Banks of Richmond, Atlanta, and San Francisco, respectively
[2022-12-14] "Effective December 15, 2022, the Federal Open Market Committee directs the Desk to:
[2022-12-14] Participants noted that since the November meeting, financial conditions had eased, with the market-implied path for the federal funds rate beyond 2023 and longer-term yields coming down noticeably. A
[2022-12-14] 4. Attended opening remarks for Tuesday's session only. Return to text
[2022-12-14] Attendance Jerome H. Powell, Chair John C. Williams, Vice Chair Michael S. Barr Michelle W. Bowman Lael Brainard James Bullard Susan M. Collins Lisa D. Cook Esther L. George Philip N. Jefferson Lorett
[2022-12-14] Developments in Financial Markets and Open Market Operations The manager pro tem turned first to a discussion of developments in financial markets. Following several months of tightening, financial co
[2022-12-14] Members agreed that the Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals, members agreed to raise the target range fo
[2022-12-14] Seth Searls,2 Policy and Market Monitoring Associate Director, Federal Reserve Bank of New York
[2022-12-14] Charles L. Evans, Patrick Harker, Neel Kashkari, Lorie K. Logan, and Helen E. Mucciolo, Alternate Members of the Committee
[2022-12-14] Matthew J. Eichner,2 Director, Division of Reserve Bank Operations and Payment Systems, Board
[2022-12-14] Jonathan E. Goldberg, Principal Economist, Division of Monetary Affairs, Board
[2022-12-14] Minutes of the Federal Open Market Committee December 13â14, 2022 A joint meeting of the Federal Open Market Committee and the Board of Governors of the Federal Reserve System was held in the office
[2022-12-14] James A. Clouse, Secretary Matthew M. Luecke, Deputy Secretary Brian J. Bonis, Assistant Secretary Michelle A. Smith, Assistant Secretary Mark E. Van Der Weide, General Counsel Richard Ostrander, Depu
[2022-12-14] 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
[2022-12-14] Business loan originations continued to expand in October and November but at a slower pace than observed in previous months. C&I loans continued to grow in October and November but decelerated relati
[2022-12-14] Broad stock price indexes increased, likely reflecting reduced concerns about the inflation outlook and the associated implications for the future path of policy. On net, the one-month option-implied
[2022-12-14] Erik A. Heitfield, Deputy Associate Director, Division of Research and Statistics, Board
[2022-12-14] In their consideration of appropriate monetary policy actions at this meeting, participants concurred that the Committee had made significant progress over the past year in moving toward a sufficientl
[2022-12-14] Giovanni Nicolò, Senior Economist, Division of Monetary Affairs, Board
[2022-12-14] Paul R. Wood, Special Adviser to the Board, Division of Board Members, Board
[2022-12-14] Min Wei, Senior Associate Director, Division of Monetary Affairs, Board
[2022-12-14] Total nonfarm payroll employment posted solid gains in October and November that were slower than the average monthly pace seen over the earlier part of the year. The unemployment rate moved up 0.2 pe
[2022-12-14] Looking ahead to year end, market participants anticipated limited pressures. The manager pro tem noted that if transitory pressures emerged in money markets, the Federal Reserve's backstop facilities
[2022-12-14] Elizabeth K. Kiser, Associate Director, Division of Research and Statistics, Board
[2022-12-14] Foreign economic activity grew at a moderate pace in the third quarter, but more recent data pointed to weakening growth, weighed down by the economic fallout of Russia's war against Ukraine and a COV
[2022-12-14] Nitish Ranjan Sinha, Special Adviser to the Board, Division of Board Members, Board
[2022-12-14] Kurt F. Lewis, Special Adviser to the Board, Division of Board Members, Board
[2022-12-14] Conditions in short-term funding markets remained stable over the intermeeting period, with the November increase in the target range for the federal funds rate and the associated increases in the Fed
[2022-12-14] Credit continued to be generally available to businesses and households, but high borrowing costs appeared to weigh on financing volumes in many markets. Issuance of investment-grade corporate bonds r
[2022-12-14] Committee Policy Action In their discussion of monetary policy for this meeting, members agreed that recent indicators pointed to modest growth in spending and production. Members also concurred that
[2022-12-14] 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
[2022-12-14] ï»¿ The Fed - Monetary Policy: Skip to main content An official website of the United States Government Here's how you know Official websites use .gov A .gov website belongs to an official government
[2022-12-14] Michael T. Kiley, Deputy Director, Division of Financial Stability, Board
[2022-12-14] Nominal wage growth continued to be elevated and remained above the pace judged to be consistent with the FOMC's 2 percent inflation objective. Average hourly earnings rose 5.1 percent over the 12 mon
[2022-12-14] Achilles Sangster II, Senior Information Manager, Division of Monetary Affairs, Board
[2022-12-14] For media inquiries, please email [email protected] or call 202-452-2955.
[2022-12-14] Clara Vega, Special Adviser to the Board, Division of Board Members, Board
[2022-12-14] The vote also encompassed approval of the statement below for release at 2:00 p.m.:
[2022-12-14] Foreign financial conditions broadly eased over the intermeeting period, largely driven by lower-than-expected U.S. inflation data. The foreign exchange value of the dollar depreciated against most fo
[2022-12-14] 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
[2022-12-14] Regarding the outlook for inflation in the United States, inflation compensation implied by Treasury Inflation Protected Securities declined over the period, responding to lower-than-expected consumer
[2022-12-14] Roc Armenter, Vice President, Federal Reserve Bank of Philadelphia
[2022-12-14] Staff Review of the Economic Situation The information available at the time of the December 13–14 meeting suggested that U.S. real gross domestic product (GDP) was increasing at a modest pace in the
[2022-12-14] In domestic credit markets, changes in borrowing costs were mixed during the intermeeting period but remained above levels observed at the end of the previous tightening cycle. Yields for corporate bo
[2022-12-14] Eric LeSueur,2 Policy and Market Monitoring Advisor, Federal Reserve Bank of New York
[2022-12-14] Sylvain Leduc, Executive Vice President, Federal Reserve Bank of San Francisco
[2022-12-14] In their discussion of current economic conditions, participants noted that recent indicators pointed to modest growth of spending and production. Nonetheless, job gains had been robust in recent mont
[2022-12-14] In discussing the policy outlook, participants continued to anticipate that ongoing increases in the target range for the federal funds rate would be appropriate to achieve the Committee's objectives.
[2022-12-14] Selection of Committee Officer By unanimous vote, the Committee selected Richard Ostrander to serve as deputy general counsel, effective December 13, 2022, until the first regularly scheduled meeting
[2022-12-14] To support the Committee's decision to raise the target range for the federal funds rate, the Board of Governors of the Federal Reserve System voted unanimously to raise the interest rate paid on rese
[2022-12-14] Anthony Sarver, Senior Financial Institution and Policy Analyst, Division of Monetary Affairs, Board
[2022-12-14] Participants observed that the growth of economic activity had slowed significantly in 2022 from the previous year's robust pace, partly in response to the Committee's policy actions. The effects of t
[2022-12-14] With regard to the business sector, participants noted that growth in investment spending appeared modest and was being restrained by high borrowing costs and an outlook for slow growth of final deman
[2022-12-14] After expanding at a moderate pace in the third quarter, real PCE growth appeared to have picked up in the fourth quarter. In contrast, residential investment looked to be contracting sharply further,
[2022-12-14] Daniel O. Beltran, Deputy Associate Director, Division of International Finance, Board
[2022-12-14] Raven Molloy, Deputy Associate Director, Division of Research and Statistics, Board
[2022-12-14] Russia's war against Ukraine is causing tremendous human and economic hardship. The war and related events are contributing to upward pressure on inflation and are weighing on global economic activity