yusufizzetmurat/fed-pulse-embedding-caches huggingface dataset:
[2016-01-27] Gretchen C. Weinbach, Associate Director, Division of Monetary Affairs, Board of Governors
[2016-01-27] Charles L. Evans, Patrick Harker, Robert S. Kaplan, and Neel Kashkari, Alternate Members of the Federal Open Market Committee
[2016-01-27] By unanimous vote, the Committee selected Simon Potter and Lorie K. Logan to serve at the pleasure of the Committee as manager and deputy manager of the SOMA, respectively, on the understanding that t
[2016-01-27] Achilles Sangster II, Information Management Analyst, Division of Monetary Affairs, Board of Governors
[2016-01-27] Participants discussed the implications of the further decline in the prices of oil and other commodities and the additional appreciation of the dollar since the previous FOMC meeting for the outlook
[2016-01-27] C. To draw foreign currencies and to permit foreign banks to draw dollars under the arrangements listed in paragraph 2 below, in accordance with the Procedural Instructions with Respect to Foreign Cur
[2016-01-27] All participants but one supported adopting the proposed amendments. Participants agreed that it was appropriate to release the amended statement, which is reproduced below, in advance of the Monetary
[2016-01-27] In conducting operations pursuant to the authorization and direction of the Federal Open Market Committee (the "Committee") as set forth in the Authorization for Foreign Currency Operations and the Fo
[2016-01-27] Ellen E. Meade and Joyce K. Zickler, Senior Advisers, Division of Monetary Affairs, Board of Governors; Jeremy B. Rudd, Senior Adviser, Division of Research and Statistics, Board of Governors
[2016-01-27] Voting for the FOMC monetary policy action were: Janet L. Yellen, Chair; William C. Dudley, Vice Chairman; Lael Brainard; James Bullard; Stanley Fischer; Esther L. George; Loretta J. Mester; Jerome H.
[2016-01-27] C. From time to time, to transmit appropriate reports and information to the National Advisory Council on International Monetary and Financial Policies.
[2016-01-27] William Dupor, Assistant Vice President, Federal Reserve Bank of St. Louis
[2016-01-27] Real personal consumption expenditures (PCE) appeared to have increased at a slower rate in the fourth quarter than in the previous quarter. Although real PCE rose solidly in November, spending had be
[2016-01-27] Manufacturing activity continued to weaken in late 2015. Production continued to contract in industries--such as steel and heavy machinery--in which demand had been negatively affected, either directl
[2016-01-27] 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
[2016-01-27] B. To provide means for meeting System and Treasury commitments in particular currencies, and to facilitate operations of the Exchange Stabilization Fund.
[2016-01-27] 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
[2016-01-27] David Altig, Jeff Fuhrer, Glenn D. Rudebusch, and Daniel G. Sullivan, Executive Vice Presidents, Federal Reserve Banks of Atlanta, Boston, San Francisco, and Chicago, respectively
[2016-01-27] 3. In order to ensure the effective conduct of open market operations, the Committee authorizes the Selected Bank to operate a program to lend Eligible Securities held in the SOMA to dealers on an ove
[2016-01-27] Katie Ross,3 Manager, Office of the Secretary, Board of Governors
[2016-01-27] B. Maintain reciprocal currency arrangements with foreign central banks in accordance with the Authorization for Foreign Currency Operations.
[2016-01-27] A. With the approval of the Committee, to enter into any needed agreement or understanding with the Secretary of the Treasury about the division of responsibility for foreign currency operations betwe
[2016-01-27] 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
[2016-01-27] Growth in real private expenditures for business equipment and intellectual property products looked to be slower in the fourth quarter than in the third quarter. Nominal shipments of nondefense capit
[2016-01-27] At the end of the discussion, the Chair noted that further work might be helpful to address participants' concerns and asked the subcommittee on communications to continue to investigate the possibili
[2016-01-27] Staff Review of the Economic Situation The information reviewed for the January 26-27 meeting indicated that labor market conditions continued to improve in the fourth quarter of last year even though
[2016-01-27] Participants noted that the statement reflects an exceptionally high degree of consensus and that the threshold for amendments should be high; they judged that the revisions were important because the
[2016-01-27] B. Any Federal Reserve Bank that maintains Customer Accounts, for any such Customer Account, when appropriate and subject to all other necessary authorization and approvals, to:
[2016-01-27] 8. All Federal Reserve Banks shall participate in the foreign currency operations for System Account in accordance with paragraph 3G(1) of the Board of Governors' Statement of Procedure with Respect t
[2016-01-27] Deepa Datta, Senior Economist, Division of International Finance, Board of Governors; Jonathan E. Goldberg, Senior Economist, Division of Monetary Affairs, Board of Governors
[2016-01-27] Dollar and foreign currency liquidity swap arrangements have no pre-set size limits. Any new swap arrangements shall be referred for review and approval to the Committee. All swap arrangements are sub
[2016-01-27] Industrial production decreased in November and December, primarily reflecting the ongoing effects of the appreciation of the foreign exchange value of the dollar and the declines in crude oil prices
[2016-01-27] Loretta J. Mester, President of the Federal Reserve Bank of Cleveland, with Charles L. Evans, President of the Federal Reserve Bank of Chicago, as alternate
[2016-01-27] The staff provided its latest report on potential risks to financial stability and judged the financial vulnerabilities of the U.S. financial system as moderate on balance. Their assessment reflected
[2016-02-12] One operation will be conducted on February 18, 2016, for seven-day term deposits. The operation will offer floating-rate term deposits with the maximum individual award amount set at $5 billion, and
[2016-02-12] 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
[2016-02-12] 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
[2016-02-17] Minutes of the Federal Open Market Committee January 26-27, 2016: HTML | PDF
[2016-02-17] The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on January 26-27, 2016.
[2016-02-17] 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
[2016-02-17] FOMC minutes can be viewed on the Board's website at http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm.
[2016-02-18] The awarded deposits will settle on February 18, 2016, and will mature on February 25, 2016. The operation effective rate will apply to all awarded deposits.
[2016-02-18] On February 18, 2016, 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
[2016-02-23] The Federal Reserve Board on Tuesday released the minutes of its discount rate meeting on January 25, 2016.
[2016-03-16] Financing conditions for investment-grade nonfinancial firms continued to be relatively accommodative. Corporate bond issuance by these firms was robust in January and February, while speculative-grad
[2016-03-16] Over the period since mid-December, when the Committee raised the target range for the federal funds rate 1/4 percentage point, U.S. financial market conditions had registered relatively small changes
[2016-03-16] 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
[2016-03-16] Jeffrey M. Lacker, Dennis P. Lockhart, and John C. Williams, Presidents of the Federal Reserve Banks of Richmond, Atlanta, and San Francisco, respectively
[2016-03-16] Charles L. Evans, Patrick Harker, Robert S. Kaplan, Neel Kashkari, and Michael Strine, Alternate Members of the Federal Open Market Committee
[2016-03-16] Kurt F. Lewis, Principal Economist, Division of Monetary Affairs, Board of Governors
[2016-03-16] Information received since the Federal Open Market Committee met in January suggests that economic activity has been expanding at a moderate pace despite the global economic and financial developments
[2016-03-16] Members again agreed that, in determining the timing and size of future adjustments to the target range for the federal funds rate, the Committee would assess realized and expected economic conditions
[2016-03-16] Financing conditions for commercial real estate (CRE) tightened somewhat over the intermeeting period but remained accommodative. Spreads on commercial mortgage-backed securities (CMBS) continued to w
[2016-03-16] James A. Clouse, Deputy Director, Division of Monetary Affairs, Board of Governors
[2016-03-16] 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
[2016-03-16] In their discussion of the economic situation and the outlook, meeting participants viewed the information received over the intermeeting period as suggesting that economic activity had been expanding
[2016-03-16] Participants commented on the recent increase in inflation. Some participants saw the increase as consistent with a firming trend in inflation. Some others, however, expressed the view that the increa
[2016-03-16] The vote also encompassed approval of the statement below to be released at 2:00 p.m.:
[2016-03-16] Developments in Financial Markets and Open Market Operations The manager of the System Open Market Account (SOMA) reported on developments in domestic and foreign financial markets, including recent m
[2016-03-16] Notation Vote By notation vote completed on February 16, 2016, the Committee unanimously approved the minutes of the Committee meeting held on January 26-­27, 2016.
[2016-03-16] Reports on the housing sector were mixed, with some participants noting a weakening of housing activity in regions adversely affected by the decline in energy prices. Nonetheless, fundamentals for hou
[2016-03-16] With regard to the external sector, a number of participants said that they expected declines in net exports to continue to subtract from real GDP growth, reflecting weak foreign activity as well as t
[2016-03-16] Growth in real personal consumption expenditures (PCE) appeared to pick up some in the first quarter. The components of the nominal retail sales data used by the Bureau of Economic Analysis to constru
[2016-03-16] During the intermeeting period, the labor market strengthened further. In their comments on labor market conditions, participants cited strong payroll gains and a further tick down in the civilian une
[2016-03-16] Robert deV. Frierson, Secretary of the Board, Office of the Secretary, Board of Governors
[2016-03-16] The staff's forecast for inflation over the first half of the year was revised up somewhat, reflecting recent increases in the price of crude oil as well as stronger-than-expected data on core consume
[2016-03-16] Penelope A. Beattie,4 Assistant to the Secretary, Office of the Secretary, Board of Governors
[2016-03-16] Committee Policy Action In their discussion of monetary policy for the period ahead, members judged that information received since the Committee met in January suggested that economic activity had be
[2016-03-16] 1. The Federal Open Market Committee is referenced as the "FOMC" and the "Committee" in these minutes. Return to text
[2016-03-16] David Altig, Ron Feldman, Alberto G. Musalem, Glenn D. Rudebusch, and Daniel G. Sullivan, Executive Vice Presidents, Federal Reserve Banks of Atlanta, Minneapolis, New York, San Francisco, and Chicago
[2016-03-16] Trevor A. Reeve, Special Adviser to the Chair, Office of Board Members, Board of Governors
[2016-03-16] Industrial production increased in January. Manufacturing output rose, reversing the declines seen in the two previous months, and the output of utilities moved up sharply as the demand for heating re
[2016-03-16] 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
[2016-03-16] William B. English, Senior Special Adviser to the Board, Office of Board Members, Board of Governors
[2016-03-16] The deputy manager also outlined factors that the Committee might consider in determining whether to offer term reverse repurchase agreements (RRPs) over the end of the first quarter. In the ensuing d
[2016-03-16] Real private expenditures for business equipment and intellectual property products appeared to be increasing only modestly in the first quarter. Nominal shipments of nondefense capital goods excludin
[2016-03-16] Linda Robertson, Assistant to the Board, Office of Board Members, Board of Governors
[2016-03-16] Michael Dotsey, Evan F. Koenig, Paolo A. Pesenti, and John A. Weinberg, Senior Vice Presidents, Federal Reserve Banks of Philadelphia, Dallas, New York, and Richmond, respectively
[2016-03-16] Growth in total real government purchases appeared to be modest in the first quarter. Federal government spending for defense was soft in January and February, while nondefense spending seemed likely
[2016-03-16] 2. Attended the discussion of the economic and financial situation through the close of the meeting. Return to text
[2016-03-16] It was agreed that the next meeting of the Committee would be held on Tuesday-Wednesday, April 26-27, 2016. The meeting adjourned at 10:40 a.m. on March 16, 2016.
[2016-03-16] Participants agreed that their ongoing assessments of the data and the implications for the outlook, rather than calendar dates, would determine the timing and pace of future adjustments to the stance
[2016-03-16] With respect to the economic outlook and its implications for monetary policy, members continued to expect that, with gradual adjustments in the stance of monetary policy, economic activity would expa
[2016-03-16] The staff viewed the uncertainty around its March projections for real GDP growth, the unemployment rate, and inflation as similar to the average of the past 20 years. The risks to the forecast for re
[2016-03-16] Staff Review of the Financial Situation Financial markets were turbulent over the first month and a half of the year, apparently reflecting investors' concerns about global growth prospects and associ
[2016-03-16] Lending conditions in residential real estate markets were little changed, on balance, over the intermeeting period. Financing conditions in consumer credit markets generally remained accommodative, a
[2016-03-16] Staff Review of the Economic Situation The information reviewed for the March 15-16 meeting suggested that labor market conditions were continuing to improve in the first quarter, and that the pace of
[2016-03-16] Against this backdrop, the Committee decided to maintain the target range for the federal funds rate at 1/4 to 1/2 percent. The stance of monetary policy remains accommodative, thereby supporting furt
[2016-03-16] The U.S. international trade deficit widened in both December and January, as exports declined in both months, continuing a downward trend that began in late 2014, with particular weakness in exports
[2016-03-16] During the intermeeting period, foreign financial conditions improved on net. After deteriorating further early in the period, foreign equity prices bounced back and credit spreads on emerging market
[2016-03-16] Participants generally agreed that the incoming information indicated that the U.S. economy had been resilient to recent global economic and financial developments, and that the domestic economic indi
[2016-03-16] With respect to the outlook for economic activity and the labor market, participants shared the assessment that, with gradual adjustments in the stance of monetary policy, real GDP would continue to i
[2016-03-16] Yields on 5- and 10-year nominal Treasury securities declined at the outset of the intermeeting period, reflecting the continued pullback from risky assets that began early in the year on concerns abo
[2016-03-16] 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
[2016-03-16] A joint meeting of the Federal Open Market Committee and the Board of Governors was held in the offices of the Board of Governors of the Federal Reserve System in Washington, D.C., on Tuesday, March 1
[2016-03-16] Participants' Views on Current Conditions and the Economic Outlook In conjunction with this FOMC meeting, members of the Board of Governors and Federal Reserve Bank presidents submitted their projecti
[2016-03-16] Broad equity market indexes increased, on balance, over the intermeeting period and continued to exhibit a high correlation with crude oil prices. Reflecting the improvement in investor sentiment that
[2016-03-16] Participants discussed readings from various market- and survey-based measures of longer-run inflation expectations. Some survey-based measures had edged down, while others had remained stable and one
[2016-03-16] Brian F. Madigan, Secretary Matthew M. Luecke, Deputy Secretary David W. Skidmore, Assistant Secretary Michelle A. Smith, Assistant Secretary Scott G. Alvarez, General Counsel Steven B. Kamin, Economi
[2016-03-16] Staff Economic Outlook In the U.S. economic forecast prepared by the staff for the March FOMC meeting, real GDP in the first half of the year was projected to increase a little more slowly than in the
[2016-03-16] Stephanie R. Aaronson and Glenn Follette,3 Assistant Directors, Division of Research and Statistics, Board of Governors
[2016-03-16] For all of these reasons, most participants judged it appropriate to maintain the target range for the federal funds rate at 1/4 to 1/2 percent at this meeting while noting that global economic and fi
[2016-03-16] Nellie Liang, Director, Office of Financial Stability Policy and Research, Board of Governors
[2016-03-16] Kenneth C. Montgomery, First Vice President, Federal Reserve Bank of Boston
[2016-03-16] "Effective March 17, 2016, 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 1/4 to 1/2 percen
[2016-03-16] Voting for this action: Janet L. Yellen, William C. Dudley, Lael Brainard, James Bullard, Stanley Fischer, Loretta J. Mester, Jerome H. Powell, Eric Rosengren, and Daniel K. Tarullo.
[2016-03-16] Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee currently expects that, with gradual adjustments in the stance of monetary po
[2016-03-16] "Information received since the Federal Open Market Committee met in January suggests that economic activity has been expanding at a moderate pace despite the global economic and financial development
[2016-03-16] 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 over the i
[2016-03-16] Minutes of the Federal Open Market Committee March 15-16, 2016 A joint meeting of the Federal Open Market Committee and the Board of Governors was held in the offices of the Board of Governors of the
[2016-03-16] David H. Small, Project Manager, Division of Monetary Affairs, Board of Governors
[2016-03-16] Voting for the FOMC monetary policy action were: Janet L. Yellen, Chair; William C. Dudley, Vice Chairman; Lael Brainard; James Bullard; Stanley Fischer; Loretta J. Mester; Jerome H. Powell; Eric Rose
[2016-03-16] Notwithstanding the downward revisions to recent retail sales data, participants were encouraged by the moderate average growth of consumer spending over recent quarters. Continued increases in househ
[2016-03-16] Recently, labor market conditions had continued to strengthen, with the economy apparently near full employment, and some data had suggested a firming of underlying inflation trends. She believed that
[2016-03-16] In contrast, several participants noted recent softness in business fixed investment and signs that the sluggish growth would continue. Orders and shipments for nondefense capital goods had been about
[2016-03-16] Total U.S. consumer prices as measured by the PCE price index increased 1-1/4 percent over the 12 months ending in January, partly restrained by declines in consumer energy prices. Core PCE price infl
[2016-03-16] Total nonfarm payroll employment increased in January and February at a solid average monthly pace. The unemployment rate declined to 4.9 percent in January and remained at that level in February, whi
[2016-03-16] After becoming considerably flatter early in the intermeeting period, the path of the federal funds rate implied by market quotes on interest rate derivatives steepened subsequently as financial marke
[2016-03-16] Against the backdrop of its discussion of current conditions, the economic outlook, and the risks and uncertainties surrounding the outlook, the Committee decided to maintain the target range for the
[2016-03-16] Janet L. Yellen, Chair William C. Dudley, Vice Chairman Lael Brainard James Bullard Stanley Fischer Esther L. George Loretta J. Mester Jerome H. Powell Eric Rosengren Daniel K. Tarullo
[2016-03-16] Ms. George dissented because she believed that a 25 basis point increase in the target range for the federal funds rate was warranted at this meeting. Although risks to the global economy had increase
[2016-03-16] Michael S. Gibson, Director, Division of Banking Supervision and Regulation, Board of Governors
[2016-03-16] Several participants also argued for proceeding cautiously in reducing policy accommodation because they saw the risks to the U.S. economy stemming from developments abroad as tilted to the downside o
[2016-03-16] Thomas A. Connors, Michael P. Leahy, David E. Lebow, Stephen A. Meyer, Christopher J. Waller, and William Wascher, Associate Economists
[2016-03-16] Diana Hancock and Michael G. Palumbo, Senior Associate Directors, Division of Research and Statistics, Board of Governors;Beth Anne Wilson, Senior Associate Director, Division of International Finance
[2016-03-16] Foreign real GDP growth slowed in the fourth quarter, with Canadian activity restrained by declines in oil-related investment and the Japanese economy contracting amid weakness in consumption. Economi
[2016-03-16] Edward S. Knotek II, Giovanni Olivei, and Jonathan L. Willis, Vice Presidents, Federal Reserve Banks of Cleveland, Boston, and Kansas City, respectively
[2016-03-16] At the conclusion of the discussion, the Committee voted to authorize and direct the Federal Reserve Bank of New York, until it was instructed otherwise, to execute transactions in the SOMA in accorda
[2016-03-16] Ellen E. Meade and Robert J. Tetlow, Senior Advisers, Division of Monetary Affairs, Board of Governors