yusufizzetmurat/fed-pulse-embedding-caches huggingface dataset:
[2022-01-26] Voting for this action: Jerome H. Powell, Chair; John C. Williams, Vice Chair; Michelle W. Bowman; Lael Brainard; James Bullard; Esther L. George; Patrick Harker; Loretta J. Mester; and Christopher J.
[2022-01-26] "Effective January 27, 2022, the Federal Open Market Committee directs the Desk to:
[2022-01-26] 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
[2022-01-26] By unanimous vote, the Committee voted to reaffirm without revision the Authorization for Domestic Open Market Operations, as shown below. By unanimous vote, the Committee voted to reaffirm without re
[2022-01-26] 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
[2022-01-26] B. To allow Eligible Securities in the SOMA to mature without replacement;
[2022-01-26] The Federal Open Market Committee agreed that it is appropriate at this time to provide information regarding its planned approach for significantly reducing the size of the Federal Reserve's balance
[2022-01-26] Minutes of the Federal Open Market Committee January 25-26, 2022 A joint meeting of the Federal Open Market Committee and the Board of Governors of the Federal Reserve System was held by videoconferen
[2022-01-26] Inflation readings remained high, and various indicators suggested that inflationary pressures had broadened over the second half of 2021. Total PCE price inflation was 5.7 percent over the 12 months
[2022-02-16] 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
[2022-02-16] The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on January 25–26, 2022.
[2022-02-16] FOMC minutes can be viewed on the Board’s website at http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
[2022-02-16] Minutes of the Federal Open Market Committee January 25-26, 2022: HTML | PDF
[2022-02-18] In addition to Board Members and Reserve Bank presidents, the new rules apply to Reserve Bank first vice presidents, Reserve Bank research directors, FOMC staff officers, the manager and deputy manage
[2022-02-18] Under the new rules, senior Federal Reserve officials are prohibited from purchasing individual stocks or sector funds; holding investments in individual bonds, agency securities, cryptocurrencies, co
[2022-02-18] The Federal Reserve Board will also vote on conforming changes to the Federal Reserve Banks' codes of conduct.
[2022-02-18] Officials covered by the new rules will have 12 months from the effective date of the rules to dispose of all impermissible holdings, and, going forward, newly covered officials will have 6 months to
[2022-02-18] When the new policy takes effect, Reserve Bank presidents will be required to publicly disclose securities transactions within 30 days, as Board members and senior Board staff currently do. In additio
[2022-02-18] The Committee also extended the financial trading blackout period around regularly scheduled FOMC meetings by one day following each meeting to align it with the Committee's external communication bla
[2022-02-18] The Federal Open Market Committee on Friday announced that it unanimously formally adopted comprehensive new rules for the investment and trading activity of senior officials. The rules, which were fi
[2022-02-18] For media inquiries, call 202-452-2955 or e-mail [email protected].
[2022-02-22] The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings from January 18 and January 26, 2022.
[2022-02-22] For media inquiries, call 202-452-2955 or email [email protected].
[2022-03-16] Voting for this action: Jerome H. Powell, John C. Williams, Michelle W. Bowman, Lael Brainard, Esther L. George, Patrick Harker, Loretta J. Mester, and Christopher J. Waller.
[2022-03-16] In their consideration of the appropriate stance of monetary policy, all participants concurred that the U.S. economy was very strong, with an extremely tight labor market, and that inflation was high
[2022-03-16] 6. An error in this date was corrected on April 6, 2022, shortly after publication. Return to text
[2022-03-16] Voting for the monetary policy action were Jerome H. Powell, Chair; John C. Williams, Vice Chair; Michelle W. Bowman; Lael Brainard; Esther L. George; Patrick Harker; Loretta J. Mester; and Christophe
[2022-03-16] 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
[2022-03-16] With regard to the economic outlook, participants noted that real GDP growth had slowed from its rapid pace in the fourth quarter of 2021, largely reflecting weaker inventory investment, but consumpti
[2022-03-16] Edward S. Knotek II, Anna Nordstrom,2 Giovanni Olivei, and Mark L.J. Wright, Senior Vice Presidents, Federal Reserve Banks of Cleveland, New York, Boston, and Minneapolis, respectively
[2022-03-16] Participants remarked that recent inflation readings continued to significantly exceed the Committee's longer-run goal and noted that developments associated with Russia's invasion of Ukraine, includi
[2022-03-16] The developments in Ukraine sparked some liquidity strains across markets. Overnight interest rates were steady throughout the period, but there were some signs of pressures in term funding markets. H
[2022-03-16] Indicators of economic activity and employment have continued to strengthen. Job gains have been strong in recent months, and the unemployment rate has declined substantially. Inflation remains elevat
[2022-03-16] Turning to Desk operations, the manager noted that the Desk would be maintaining the size of the SOMA portfolio through reinvestments until the Committee directed otherwise. For Treasury securities, t
[2022-03-16] Alyssa G. Anderson,2 Valerie S. Hinojosa, and Lubomir Petrasek,2 Section Chiefs, Division of Monetary Affairs, Board; Penelope A. Beattie,2 Section Chief, Office of the Secretary, Board; Logan T. Lewi
[2022-03-16] David Na,2 Senior Financial Institution and Policy Analyst, Division of Monetary Affairs, Board
[2022-03-16] Liquidity conditions became strained in some financial markets during the intermeeting period. Market depth—a gauge of the ability to transact in large volumes at quotes posted by market makers—deteri
[2022-03-16] Cynthia L. Doniger and David Glancy,4 Senior Economists, Division of Monetary Affairs, Board
[2022-03-16] 3. Attended through the staff review of the economic and financial situation. Return to text
[2022-03-16] Kathryn B. Chen, Lisa Chung,2 Jonas Fisher, Mark J. Jensen, Matthew D. Raskin, Andrea Tambalotti, and Benedict Wensley,2 Vice Presidents, Federal Reserve Banks of New York, New York, Chicago, Atlanta,
[2022-03-16] Plans for Reducing the Size of the Balance Sheet Participants continued their discussion of topics related to plans for reducing the size of the Federal Reserve's balance sheet in a manner consistent
[2022-03-16] Prices of commodities that Russia exports, particularly oil and natural gas, soared over the period. While oil prices partially retraced late in the period, options prices suggested considerable proba
[2022-03-16] Thomas I. Barkin, Raphael W. Bostic, and Mary C. Daly, Presidents of the Federal Reserve Banks of Richmond, Atlanta, and San Francisco, respectively
[2022-03-16] In the United States, incoming economic data and Federal Reserve communications led investors to expect a more rapid removal of policy accommodation than they had previously expected. Market participa
[2022-03-16] Karel Mertens, Senior Economic Policy Advisor, Federal Reserve Bank of Dallas
[2022-03-16] Available data suggested that motor vehicle production declined sharply in February as ongoing shortages of semiconductors and other supply chain problems continued to restrain output. Outside of the
[2022-03-16] 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
[2022-03-16] No decision regarding the Committee's plan to reduce the Federal Reserve's balance sheet was made at this meeting, but participants agreed they had made substantial progress on the plan and that the C
[2022-03-16] Many participants noted that—with inflation well above the Committee's objective, inflationary risks to the upside, and the federal funds rate well below participants' estimates of its longer-run leve
[2022-03-16] Participants agreed that developments surrounding the Russian invasion of Ukraine, including the resulting sanctions, were adding to inflation pressures and posing upside risks to the inflation outloo
[2022-03-16] Attendance Jerome H. Powell, Chair John C. Williams, Vice Chair Michelle W. Bowman Lael Brainard James Bullard Esther L. George Loretta J. Mester Christopher J. Waller
[2022-03-16] 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
[2022-03-16] Staff Review of the Financial Situation Financial markets were highly volatile over the intermeeting period, with strained liquidity in some markets. The Russian invasion of Ukraine led to periods of
[2022-03-16] 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
[2022-03-16] Finally, the manager provided an update on the SRF. The Desk had onboarded four depository institutions as counterparties and noted that a number of additional banks were currently under review. The D
[2022-03-16] The staff's near-term projection for PCE price inflation was revised up considerably relative to January. The upward revision reflected the staff's reaction to the persistently high and broad-based le
[2022-03-16] Matthew J. Eichner,2 Director, Division of Reserve Bank Operations and Payment Systems, Board; Michael S. Gibson, Director, Division of Supervision and Regulation, Board; Andreas Lehnert, Director, Di
[2022-03-16] Notwithstanding uncertainties associated with geopolitical developments, many central banks continued to signal intentions to move ahead with reducing policy accommodation to address elevated inflatio
[2022-03-16] David Bowman, David López-Salido, and Min Wei, Senior Associate Directors, Division of Monetary Affairs, Board
[2022-03-16] Antulio N. Bomfim, Jane E. Ihrig, Kurt F. Lewis, and Nitish R. Sinha, Special Advisers to the Board, Division of Board Members, Board
[2022-03-16] Credit quality in the commercial real estate sector continued to show some signs of stress. Delinquency rates for commercial mortgage-backed securities (CMBS) collateralized by hotel and retail proper
[2022-03-16] 2. Attended through the discussion of plans for reducing the size of the balance sheet. Return to text
[2022-03-16] Kartik B. Athreya, Michael Dotsey, and Sylvain Leduc, Executive Vice Presidents, Federal Reserve Banks of Richmond, Philadelphia, and San Francisco, respectively
[2022-03-16] Members agreed that geopolitical developments warranted several changes to the postmeeting statement. They concurred that the invasion of Ukraine by Russia was causing tremendous human and economic ha
[2022-03-16] Information on borrowing costs through February and early March suggested that the events surrounding Russia's invasion of Ukraine did not have a significant effect on financing conditions during the
[2022-03-16] Available indicators suggested that real government purchases were little changed in the first quarter after declining in the fourth quarter of 2021. Although real state and local purchases appeared t
[2022-03-16] The credit quality of large nonfinancial corporations and municipalities remained strong over the intermeeting period. The volumes of credit rating upgrades for corporate and municipal bonds outpaced
[2022-03-16] For households, credit quality remained fairly healthy. Delinquency rates for mortgages, which include loans in forbearance and other loans behind on payments, continued to trend down through December
[2022-03-16] In domestic credit markets, credit remained broadly available for most types of borrowers during the intermeeting period. Nonfinancial gross corporate bond issuance slowed noticeably in January and Fe
[2022-03-16] Kenneth C. Montgomery, Interim President of the Federal Reserve Bank of Boston
[2022-03-16] For households, both nonmortgage and mortgage credit remained accommodative. Credit card balances increased significantly in the fourth quarter, and auto credit outstanding grew at a moderate pace in
[2022-03-16] The U.S. international trade deficit widened at the end of last year to a record high and surpassed that high at the beginning of this year. Imports of goods grew rapidly again in January, led by incr
[2022-03-16] President Bullard preferred at this meeting to raise the target range for the federal funds rate by 0.5 percentage point to 1/2 to 3/4 percent in light of elevated inflation pressures.
[2022-03-16] Stephanie E. Curcuru and Matteo Iacoviello,3 Associate Directors, Division of International Finance, Board; Burcu Duygan-Bump, Associate Director, Division of Research and Statistics, Board; Jeffrey D
[2022-03-16] Developments in Financial Markets and Open Market Operations The manager turned first to a review of global financial market developments. Following the Russian invasion of Ukraine and the subsequent
[2022-03-16] Short-term funding markets were mostly stable over the intermeeting period, although spreads in some segments widened. The effective federal funds rate and the Secured Overnight Financing Rate general
[2022-03-16] In their discussion of current economic conditions, participants noted that indicators of economic activity and employment had continued to strengthen. Job gains had been strong in recent months, and
[2022-03-16] Investors interpreted incoming economic data and Federal Reserve communications as implying a more rapid removal of monetary policy accommodation than they had previously expected. On net, the expecte
[2022-03-16] Jon Faust and Joshua Gallin, Senior Special Advisers to the Chair, Division of Board Members, Board
[2022-03-16] By notation vote completed on February 17, 2022, the Committee unanimously approved the Investment Trading Policy for FOMC Officials and related revisions to the Program for Security of FOMC informati
[2022-03-16] Seth Searls,2 Assistant Vice President, Federal Reserve Bank of New York
[2022-03-16] Zeynep Senyuz and Rebecca Zarutskie, Deputy Associate Directors, Division of Monetary Affairs, Board
[2022-03-16] Several participants noted the significant uncertainty around the future level of reserves that would be consistent with the Committee's ample-reserves operating framework. Against this backdrop, part
[2022-03-16] Shaghil Ahmed, Brian M. Doyle, Carlos Garriga, Joseph W. Gruber, David E. Lebow, and William Wascher, Associate Economists
[2022-03-16] All participants indicated their strong commitment and determination to take the measures necessary to restore price stability. In that context, participants judged that the Committee's approach of co
[2022-03-16] Edward Nelson, Senior Adviser, Division of Monetary Affairs, Board; Jeremy B. Rudd, Senior Adviser, Division of Research and Statistics, Board
[2022-03-16] Linda Robertson, Assistant to the Board, Division of Board Members, Board
[2022-03-16] In their discussion of risks to the outlook, participants agreed that uncertainty regarding the path of inflation was elevated and that risks to inflation were weighted to the upside. Participants cit
[2022-03-16] Paul Lengermann and Clara Vega, Assistant Directors, Division of Research and Statistics, Board; Dan Li, Assistant Director, Division of Monetary Affairs, Board
[2022-03-16] Kelly J. Dubbert, First Vice President, Federal Reserve Bank of Kansas City
[2022-03-16] The manager turned next to a discussion of money markets and policy implementation. Market participants expected the interest on reserve balances rate and overnight reverse repurchase agreement (ON RR
[2022-03-16] Michele Cavallo and Ander Perez-Orive, Principal Economists, Division of Monetary Affairs, Board
[2022-03-16] Market participants expected an earlier and somewhat faster reduction in System Open Market Account (SOMA) holdings of securities than they did in January. In the Desk surveys, almost 90 percent of re
[2022-03-16] Total nonfarm payroll employment grew strongly in January and February. The unemployment rate edged down, on net, from 3.9 percent in December to 3.8 percent in February. The unemployment rate for Afr
[2022-03-16] With respect to the Federal Reserve's agency MBS redemptions, participants generally noted that MBS principal prepayments would likely run under the proposed monthly cap in a range of plausible intere
[2022-03-16] Daniel M. Covitz, Deputy Director, Division of Research and Statistics, Board; Sally Davies, Deputy Director, Division of International Finance, Board; Rochelle M. Edge, Deputy Director, Division of M
[2022-03-16] 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
[2022-03-16] Meredith Black, Charles L. Evans, Patrick Harker, Naureen Hassan, and Neel Kashkari, Alternate Members of the Committee
[2022-03-16] In their discussion, all participants agreed that elevated inflation and tight labor market conditions warranted commencement of balance sheet runoff at a coming meeting, with a faster pace of decline
[2022-03-16] In their assessment of the monetary policy stance necessary for achieving the Committee's maximum-employment and price-stability goals, members agreed that with appropriate firming in the stance of mo
[2022-03-16] "Effective March 17, 2022, the Federal Open Market Committee directs the Desk to:
[2022-03-16] 5. In taking this action, the Board approved requests to establish the rate submitted by the boards of directors of the Federal Reserve Banks of Boston, Philadelphia, Cleveland, Richmond, Atlanta, Chi
[2022-03-16] Spreads of investment- and speculative-grade corporate bonds widened noticeably since the previous FOMC meeting and ended the period close to the medians of their historical distributions. Spreads of
[2022-03-16] Real PCE appeared to be rising at a faster pace in the first quarter of 2022 than in the fourth quarter of 2021 as social distancing unwound further. Housing demand remained strong, though activity in
[2022-03-16] Mary Tian2 and Randall A. Williams, Group Managers, Division of Monetary Affairs, Board
[2022-03-16] 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 Michael Held, Deputy Ge
[2022-03-16] Staff Review of the Economic Situation The information available at the time of the March 15–16 meeting suggested that U.S. real gross domestic product (GDP) was increasing in the first quarter at a p
[2022-03-16] 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, March 15, 2022, at 9:00 a.m.
[2022-03-16] The participants' discussion was preceded by a staff presentation that reviewed the Committee's 2017–19 experience with balance sheet reduction and presented a range of possible options for reducing t
[2022-03-16] Committee Policy Action In their discussion of monetary policy for this meeting, members agreed that indicators of economic activity and employment had continued to strengthen. Job gains had been stro
[2022-03-16] Participants commented that demand for labor continued to substantially exceed available supply across many parts of the economy and that their business contacts continued to report difficulties in hi
[2022-03-16] Justin Meyer,2 Markets Officer, Federal Reserve Bank of New York
[2022-03-16] Participants agreed that the economic outlook was highly uncertain and that policy decisions must take account of the state of financial markets and the economy. As always, the Committee would need to
[2022-03-16] The vote also encompassed approval of the statement below for release at 2:00 p.m.:
[2022-03-16] David H. Small, Project Manager, Division of Monetary Affairs, Board
[2022-03-16] Consumer prices continued to rise rapidly. Total PCE price inflation was 6.1 percent over the 12 months ending in January, and core PCE price inflation, which excludes changes in consumer energy price
[2022-03-16] The staff continued to judge that the risks to the baseline projection for real activity were skewed to the downside and that the risks to the inflation projection were skewed to the upside. The COVID
[2022-03-16] It was agreed that the next meeting of the Committee would be held on Tuesday–Wednesday, May 3–4, 2022.6 The meeting adjourned at 10:30 a.m. on March 16, 2022.
[2022-03-16] 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
[2022-03-16] The invasion of Ukraine by Russia is causing tremendous human and economic hardship. The implications for the U.S. economy are highly uncertain, but in the near term the invasion and related events ar
[2022-03-16] Incoming data suggested that the rapid spread of the Omicron variant had tempered the foreign recovery around the turn of the year. Purchasing managers indexes were consistent with the Omicron wave ha
[2022-03-16] Foreign asset prices were highly volatile over the intermeeting period in response to geopolitical developments, central bank communications, and rising inflation concerns. News related to Russia's in
[2022-03-16] Notation Votes By notation vote completed on February 15, 2022, the Committee unanimously approved the minutes of the Committee meeting held on January 25–26, 2022.
[2022-03-16] By unanimous vote, the Committee ratified the Desk's domestic transactions over the intermeeting period. No intervention operations occurred in foreign currencies for the System's account during the i
[2022-03-16] Jose Acosta, Senior Communications Analyst, Division of Information Technology, Board
[2022-03-16] Participants discussed the approach toward implementing caps for Treasury securities and the role that the Federal Reserve's holdings of Treasury bills might play in the Committee's plan to reduce the
[2022-03-16] The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. With appropriate firming in the stance of monetary policy, the Committee expects inflation
[2022-03-16] Staff Economic Outlook The near-term projection for U.S. economic activity prepared by the staff for the March FOMC meeting was weaker than in January, reflecting the anticipated economic effects of t
[2022-03-16] 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
[2022-03-16] Minutes of the Federal Open Market Committee March 15-16, 2022 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
[2022-03-17] For media inquiries, please e-mail [email protected] or call 202-452-2955.
[2022-03-17] The Federal Reserve Board has approved action on Wednesday by the Board of directors of the Federal Reserve Bank Dallas and action on Thursday by the Board of Directors of the Federal Reserve Bank of
[2022-04-06] Minutes of the Federal Open Market Committee March 15-16, 2022: HTML | PDF