yusufizzetmurat/fed-pulse-embedding-caches huggingface dataset:
[2021-06-16] Penelope A. Beattie,3 Section Chief, Office of the Secretary, Board of Governors
[2021-06-16] Committee Policy Action In their discussion of monetary policy for this meeting, members agreed that progress on vaccinations had reduced the spread of COVID-19 in the United States. They noted that a
[2021-06-16] With regard to the implementation of monetary policy, participants had observed downward pressure on money market rates over the intermeeting period and viewed the possibility of further downward pres
[2021-06-16] 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
[2021-06-16] Financing conditions for consumer credit remained generally accommodative. Consumer loans grew at a robust pace in April, driven by rapid growth in auto loan balances. Credit card balances on banks' b
[2021-06-16] Anthony M. Diercks, Senior Economist, Division of Monetary Affairs, Board of Governors
[2021-06-16] In the residential mortgage market, financing conditions were little changed over the intermeeting period and remained accommodative for stronger borrowers who met standard conforming loan criteria. C
[2021-06-16] 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
[2021-06-16] PRESENT: Jerome H. Powell, Chair John C. Williams, Vice Chair Thomas I. Barkin Raphael W. Bostic Michelle W. Bowman Lael Brainard Richard H. Clarida Mary C. Daly Charles L. Evans Randal K. Quarles Chr
[2021-06-16] Real PCE increased substantially in March and then was little changed from that high level in April. The components of the nominal retail sales data that are used to estimate PCE edged down in May, bu
[2021-06-16] Shaghil Ahmed, Kartik B. Athreya, Rochelle M. Edge, Eric M. Engen, and William Wascher, Associate Economists
[2021-06-16] All members agreed to keep 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 conditions h
[2021-06-16] The credit quality of large nonfinancial corporations remained largely stable over the intermeeting period. The volume of credit rating upgrades for nonfinancial bonds and leveraged loans outpaced dow
[2021-06-16] Finally, the manager noted a proposal to request the Chair's approval for an extension to the temporary U.S. dollar liquidity swap arrangements to December 31, 2021. The extension would benefit the U.
[2021-06-16] 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
[2021-06-16] Sriya Anbil,2 Group Manager, Division of Monetary Affairs, Board of Governors
[2021-06-16] The staff's near-term outlook for inflation was revised up markedly, but the staff continued to expect the rise in inflation this year to be transitory. The 12‑month change in total and core PCE price
[2021-06-16] The manager noted that downward pressure on money market rates continued over the period. Banks continued to limit growth in their balance sheets by allowing wholesale liabilities to mature and encour
[2021-06-16] Consistent with the Committee's decision to leave the target range for the federal funds rate unchanged, the Board of Governors voted unanimously to raise the interest rates on required and excess res
[2021-06-16] Participants agreed that they would continue their discussion of design parameters for both a domestic SRF and a standing FIMA repo facility. The Chair asked the staff to work on a specific proposal t
[2021-06-16] Haitham Jendoubi,2 Policy and Markets Analysis Manager, Federal Reserve Bank of New York
[2021-06-16] The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. With inflation having run persistently below this longer-run goal, the Committee will aim
[2021-06-16] Kristopher Gerardi, Financial Economist and Senior Advisor, Federal Reserve Bank of Atlanta
[2021-06-16] Members agreed that the Federal Reserve was 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-stabilit
[2021-06-16] 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
[2021-06-16] Jason A. Miu,2 Assistant Vice President, Federal Reserve Bank of New York
[2021-06-16] 3. Attended through the discussion of economic developments and the outlook. Return to text
[2021-06-16] In the municipal bond market, financing conditions remained accommodative over the intermeeting period. Issuance of municipal bonds was solid in recent months, and indicators of the credit quality of
[2021-06-16] For commercial real estate (CRE) financed through capital markets, financing conditions remained mostly accommodative over the intermeeting period. Issuance of commercial mortgage-backed securities (C
[2021-06-16] 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
[2021-06-16] A joint meeting of the Federal Open Market Committee and the Board of Governors was held by videoconference on Tuesday, June 15, 2021, at 9:00 a.m. and continued on Wednesday, June 16, 2021, at 9:00 a
[2021-06-16] Broad stock price indexes increased slightly over the intermeeting period, with stocks in cyclically sensitive sectors generally outperforming. One-month option-implied volatility on the S&P 500—the V
[2021-06-16] Staff Review of the Financial Situation Overall financial conditions eased during the intermeeting period as market participants appeared to remain confident that the economic recovery was broadly on
[2021-06-16] Voting for the monetary policy action were Jerome H. Powell, Chair; John C. Williams, Vice Chair; Thomas I. Barkin; Raphael W. Bostic; Michelle W. Bowman; Lael Brainard; Richard H. Clarida; Mary C. Da
[2021-06-16] Brian J. Bonis, Etienne Gagnon, and Dan Li, Assistant Directors, Division of Monetary Affairs, Board of Governors
[2021-06-16] Progress on vaccinations has reduced the spread of COVID-19 in the United States. Amid this progress and strong policy support, indicators of economic activity and employment have strengthened. The se
[2021-06-16] Charles Fleischman, Adviser, Division of Research and Statistics, Board of Governors
[2021-06-16] 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
[2021-06-16] "Effective June 17, 2021, the Federal Open Market Committee directs the Desk to:
[2021-06-16] Recent 12-month change measures of inflation, using either PCE prices or the consumer price index (CPI), were boosted significantly by the base effects of the drop in prices from the spring of 2020 ro
[2021-06-16] 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. Progress on
[2021-06-16] Manufacturing output expanded solidly, on balance, over April and May. Output in the motor vehicle and parts sector rose, on net, although semiconductor shortages were still weighing on vehicle produc
[2021-06-16] Measures of expectations for Federal Reserve policy were little changed over the period. The median respondent to the Desk's surveys of primary dealers and market participants continued to expect the
[2021-06-16] Daniel M. Covitz, Deputy Director, Division of Research and Statistics, Board of Governors; Sally Davies, Deputy Director, Division of International Finance, Board of Governors
[2021-06-16] The Treasury yield curve flattened a bit, on net, with 2-year yields about unchanged while 5-, 10-, and 30-year yields declined somewhat. Inflation compensation declined a bit at shorter horizons but
[2021-06-16] James Bullard, Esther L. George, Naureen Hassan, Loretta J. Mester, and Eric Rosengren, Alternate Members of the Federal Open Market Committee
[2021-06-16] Financing conditions for nonfinancial firms through capital markets remained highly accommodative, as reflected in historically low corporate bond and leveraged loan yields as well as high price-to-ea
[2021-06-16] Brett Berger,2 Senior Adviser, Division of International Finance, Board of Governors; Ellen E. Meade and Edward Nelson, Senior Advisers, Division of Monetary Affairs, Board of Governors; Jeremy B. Rud
[2021-06-16] With respect to the business sector, most participants noted that activity in the service industries most adversely affected by the pandemic, such as in the leisure and hospitality sector, was rebound
[2021-06-16] Participants noted that their District contacts had reported having trouble hiring workers to meet demand, likely reflecting factors such as early retirements, concerns about the virus, childcare resp
[2021-06-16] Joshua Gallin, Special Adviser to the Chair, Division of Board Members, Board of Governors
[2021-06-16] Total nonfarm payroll employment increased solidly over April and May, though at a slower monthly pace than over February and March. As of May, total payroll employment had retraced two‑thirds of the
[2021-06-16] Voting for this action: Jerome H. Powell, John C. Williams, Thomas I. Barkin, Raphael W. Bostic, Michelle W. Bowman, Lael Brainard, Richard H. Clarida, Mary C. Daly, Charles L. Evans, Randal K. Quarle
[2021-06-16] The staff continued to see the uncertainty surrounding the economic outlook as elevated, although increasingly widespread vaccinations, along with ongoing policy support, were viewed as helping to dim
[2021-06-16] International financial market participants were focused on news about inflation and monetary policy communications. In Europe, stronger-than-expected readings for both inflation and economic activity
[2021-06-16] Participants commented on the continued improvement in labor market conditions in recent months. Job gains in April and May averaged more than 400,000, and the unemployment rate edged down, on net, to
[2021-06-16] In their discussion of considerations related to the design of a domestic SRF, a substantial majority restated their view, conveyed at the April 2021 meeting, that the potential benefits of such a fac
[2021-06-16] Jennifer Gallagher, Special Assistant to the Board, Division of Board Members, Board of Governors
[2021-06-16] Mark A. Carlson,2 Senior Economic Project Manager, Division of Monetary Affairs, Board of Governors
[2021-06-16] Housing demand continued to be robust, with construction of single-family homes and home sales remaining well above their pre-pandemic levels and house prices rising appreciably further. The incoming
[2021-06-16] The manager provided an update on progress toward winding down a number of emergency facilities established under section 13(3) of the Federal Reserve Act. While market participants took note of the F
[2021-06-16] The staff presentation on the potential design of a domestic SRF included establishing the minimum bid rate at 25 basis points—the top of the target range for the federal funds rate. The staff briefin
[2021-06-16] Over the next intermeeting period, the manager anticipated that further increases in reserves and reductions in bill supply could put additional downward pressure on overnight rates. A modest technica
[2021-06-16] Members judged that the economic outlook had continued to improve and that the most negative effects of the pandemic on the economy most likely had occurred. As a result, they agreed to remove referen
[2021-06-16] Courtney Demartini,2 Lead Financial Institution Policy Analyst, Division of Monetary Affairs, Board of Governors
[2021-06-16] Short-term funding markets continued to function smoothly over the intermeeting period. Short‑term and overnight rates remained near historical lows, with overnight rates dipping slightly. The EFFR wa
[2021-06-16] David H. Small, Project Manager, Division of Monetary Affairs, Board of Governors
[2021-06-16] Minutes of the Federal Open Market Committee A joint meeting of the Federal Open Market Committee and the Board of Governors was held by videoconference on Tuesday, June 15, 2021, at 9:00 a.m. and con
[2021-06-16] It was agreed that the next meeting of the Committee would be held on Tuesday–Wednesday, July 27–28, 2021. The meeting adjourned at 10:40 a.m. on June 16, 2021.
[2021-06-23] Details on Fed Listens events will be available at www.federalreserve.gov/fedlistens as they are scheduled.
[2021-06-23] "During the Federal Reserve's 2019 monetary policy framework review, the Fed Listens series of events provided valuable feedback from a broad range of groups and communities on the state of the econom
[2021-06-23] The Federal Reserve on Wednesday announced that it would continue its Fed Listens initiative in 2021 to learn from a broad range of individuals, households, and communities about the economic recovery
[2021-06-25] The PPPLF extends term credit to financial institutions making PPP loans, accepting the PPP loans as collateral. The liquidity provided by the PPPLF bolsters the effectiveness of the PPP by helping el
[2021-06-25] The PPPLF was established in April 2020 under the Board's 13(3) authority and the extension from June 30 to July 30, 2021, was approved by the Secretary of the Treasury.
[2021-06-25] The Federal Reserve Board on Friday announced it will extend for a final time its Paycheck Protection Program Liquidity Facility, or PPPLF, by an additional month to July 30, 2021. The extension is be
[2021-07-07] FOMC minutes can be viewed on the Board's website at http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
[2021-07-07] The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on June 15–16, 2021.
[2021-07-07] 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
[2021-07-07] Minutes of the Federal Open Market Committee June 15-16, 2021: HTML | PDF
[2021-07-13] Note: On September 23, 2021, the June 16 and July 28, 2021, minutes were updated to add references to the associated Federal Register documents.
[2021-07-13] The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings from May 17 through June 16, 2021.
[2021-07-28] With regard to inflation, participants commented that recent inflation readings had been boosted by the effects of supply bottlenecks and labor shortages and were likely to be transitory. A few partic
[2021-07-28] A joint meeting of the Federal Open Market Committee and the Board of Governors of the Federal Reserve System was held by videoconference on Tuesday, July 27, 2021, at 9:00 a.m. and continued on Wedne
[2021-07-28] Committee Policy Action In their discussion of monetary policy for this meeting, members agreed that with progress on vaccinations and strong policy support, indicators of economic activity and employ
[2021-07-28] Brian J. Bonis and Etienne Gagnon,2 Assistant Directors, Division of Monetary Affairs, Board
[2021-07-28] "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.
[2021-07-28] The staff provided an update on its assessments of the stability of the financial system and, on balance, characterized the financial vulnerabilities of the U.S. financial system as notable. The staff
[2021-07-28] Voting for this action: Jerome H. Powell, John C. Williams, Thomas I. Barkin, Raphael W. Bostic, Michelle W. Bowman, Lael Brainard, Richard H. Clarida, Mary C. Daly, Charles L. Evans, Randal K. Quarle
[2021-07-28] Financing conditions faced by nonfinancial firms in capital markets continued to be broadly accommodative over the intermeeting period, as corporate bond spreads remained near the low end of their his
[2021-07-28] Many participants remarked upon risk-management considerations when contemplating how and when to make changes to the Committee's pace of asset purchases. Some participants suggested that it would be
[2021-07-28] Ellen Correia-Golay2 and Brian Greene,2 Markets Officers, Federal Reserve Bank of New York
[2021-07-28] 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
[2021-07-28] It was agreed that the next meeting of the Committee would be held on Tuesday–Wednesday, September 21–22, 2021. The meeting adjourned at 10:35 a.m. on July 28, 2021.
[2021-07-28] Financing conditions in the municipal bond market remained accommodative over the intermeeting period, with municipal bond yields edging down to record lows. Issuance of municipal bonds was solid in t
[2021-07-28] James Bullard, Esther L. George, Naureen Hassan, Loretta J. Mester, and Eric Rosengren, Alternate Members of the Committee
[2021-07-28] The nominal U.S. international trade deficit remained high in May. Real goods imports in May retraced only a bit of their April decline, but they were still at the second-highest level on record. Real
[2021-07-28] Establishment of Standing Repurchase Agreement Facilities Finally, the manager summarized the proposed terms for the standing repurchase agreement (repo) facility (SRF) and the Foreign and Internation
[2021-07-28] The participants' discussion was preceded by staff presentations that reviewed the principal channels through which asset purchases exert effects on financial conditions and the economy, with a focus
[2021-07-28] 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
[2021-07-28] 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
[2021-07-28] Voting for the monetary policy action were Jerome H. Powell, Chair; John C. Williams, Vice Chair; Thomas I. Barkin; Raphael W. Bostic; Michelle W. Bowman; Lael Brainard; Richard H. Clarida; Mary C. Da
[2021-07-28] Staff Economic Outlook The projection for U.S. economic activity prepared by the staff for the July FOMC meeting was little changed, on balance, from the June forecast. In the second half of 2021, an
[2021-07-28] Participants observed that recent wage increases had been moderate on average. However, District contacts had continued to report having trouble hiring workers and had indicated that this difficulty w
[2021-07-28] Michael Dotsey, Joseph W. Gruber, and Ellis W. Tallman, Executive Vice Presidents, Federal Reserve Banks of Philadelphia, Kansas City, and Cleveland, respectively
[2021-07-28] Some participants emphasized that a decision to reduce the Committee's pace of asset purchases once the "substantial further progress" benchmark had been achieved would be fully consistent with the Co
[2021-07-28] Staff Review of the Financial Situation Over the intermeeting period, fluctuations in financial markets appeared to be driven by less-accommodative-than-expected June FOMC communications, a reduction
[2021-07-28] Financing conditions for consumer credit remained accommodative. Consumer credit jumped in May and remained strong in June, reflecting a rebound in credit card balances and continued robust growth in
[2021-07-28] The staff continued to judge that the risks to the baseline projection for economic activity were skewed to the downside and that the uncertainty around the forecast was elevated. In particular, the p
[2021-07-28] Jeffrey Moore2 and Brett Rose,2 Assistant Vice Presidents, Federal Reserve Bank of New York
[2021-07-28] 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. With progres
[2021-07-28] Christopher J. Gust, Associate Director, Division of Monetary Affairs, Board; Paul R. Wood, Associate Director, Division of International Finance, Board
[2021-07-28] Anne Baum, Spencer Krane, David C. Wheelock, Mark L.J. Wright, and Nathaniel Wuerffel,2 Senior Vice Presidents, Federal Reserve Banks of New York, Chicago, St. Louis, Minneapolis, and New York, respec
[2021-07-28] Notation Vote By notation vote completed on July 6, 2021, the Committee unanimously approved the minutes of the Committee meeting held on June 15–16, 2021.
[2021-07-28] 4. Attended through the discussion of economic developments and the outlook. Return to text
[2021-07-28] 2. Attended through the discussion of asset purchases. Return to text
[2021-07-28] Participants expressed a range of views on the appropriate pace of tapering asset purchases once economic conditions satisfied the criterion laid out in the Committee's guidance. Many participants saw
[2021-07-28] James M. Trevino,2 Senior Economic Modeler, Division of Monetary Affairs, Board
[2021-07-28] Short-term funding markets were stable over the intermeeting period. Following the actions at the June FOMC meeting to increase both the interest rate on excess reserves and the ON RRP rate by 5 basis
[2021-07-28] All members agreed to keep 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 conditions h
[2021-07-28] With respect to the business sector, participants observed that activity in the service industries most adversely affected by the pandemic, such as in the leisure and hospitality sector, was reboundin
[2021-07-28] Incoming data suggested that, after a weak start to the year, foreign economic activity accelerated in the second quarter. The improvements were concentrated in the advanced foreign economies and Chin
[2021-07-28] Daniel Cooper, Senior Economist and Policy Advisor, Federal Reserve Bank of Boston
[2021-07-28] Shaghil Ahmed, Kartik B. Athreya, Brian M. Doyle, Rochelle M. Edge, Beverly Hirtle, and William Wascher, Associate Economists
[2021-07-28] 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
[2021-07-28] Broad stock market prices rose moderately over the intermeeting period, supported in part by some strong second-quarter earnings reports that bolstered investor risk sentiment. However, some prices de
[2021-07-28] In their discussion of inflation, participants observed that the inflation rate had increased notably and expected that it would likely remain elevated in coming months before moderating. Participants
[2021-07-28] With progress on vaccinations and strong policy support, indicators of economic activity and employment have continued to strengthen. The sectors most adversely affected by the pandemic have shown imp
[2021-07-28] David H. Small, Project Manager, Division of Monetary Affairs, Board
[2021-07-28] Average hourly earnings for all employees rose further in June. Recent monthly increases in average hourly earnings appeared to reflect a combination of strong labor demand and increased difficulties
[2021-07-28] 1. In these minutes, the Federal Open Market Committee is referenced as the "FOMC" and the "Committee"; the Board of Governors of the Federal Reserve System is referenced as the "Board." Return to tex
[2021-07-28] Total real government purchases appeared to have moved lower in the second quarter after having risen in the first quarter. Available data suggested that federal nondefense purchases had dropped follo