yusufizzetmurat/fed-pulse-embedding-caches huggingface dataset:
[2019-01-30] Minutes of the Federal Open Market Committee January 29-30, 2019 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 th
[2019-01-30] ii. Undertake intra-day repo transactions in Eligible Securities with Foreign Accounts.
[2019-01-30] 3. The Committee directs the Selected Bank to maintain, for the System Open Market Account:
[2019-01-30] James A. Clouse, Secretary Matthew M. Luecke, Deputy Secretary David W. Skidmore, Assistant Secretary Michelle A. Smith, Assistant Secretary Mark E. Van Der Weide, General Counsel Michael Held, Deputy
[2019-01-30] Participants commented that, in light of the Committee's longstanding plan to hold primarily Treasury securities in the long run, it would be appropriate once asset redemptions end to reinvest most, i
[2019-01-30] B. The aggregate par value of the transactions authorized in this paragraph 3 that are of the type described in paragraph 1.A.i, 1.B, 1.C and 1.D shall not exceed $5 billion per calendar year; and
[2019-01-30] Real residential investment appeared to have declined again in the fourth quarter, likely reflecting in part decreases in the affordability of housing arising from both the net increase in mortgage in
[2019-01-30] Among those participants who commented on financial stability, a number expressed concerns about the elevated financial market volatility and the apparent decline in investors' willingness to bear ris
[2019-01-30] Edward Nelson and Robert J. Tetlow, Senior Advisers, Division of Monetary Affairs, Board of Governors; Jeremy B. Rudd, Senior Adviser, Division of Research and Statistics, Board of Governors
[2019-01-30] In setting monetary policy, the Committee seeks to mitigate deviations of inflation from its longer-run goal and deviations of employment from the Committee's assessments of its maximum level. These o
[2019-01-30] In their discussion of the household sector, participants noted that recent data on spending had been strong, supported by a strong job market and rising incomes. A couple of participants commented th
[2019-01-30] Antulio N. Bomfim, Special Adviser to the Chairman, Office of Board Members, Board of Governors
[2019-01-30] B. The Selected Bank may manage such foreign currency holdings by:
[2019-01-30] ii. The Committee authorizes the Subcommittee to direct the Selected Bank in advance to execute the operation if it would result in the overall volume of standalone spot and forward transactions in fo
[2019-01-30] Sean Savage, Senior Project Manager, Division of Monetary Affairs, Board of Governors
[2019-01-30] Participants pointed to a variety of considerations that supported a patient approach to monetary policy at this juncture as an appropriate step in managing various risks and uncertainties in the outl
[2019-01-30] B. Undertake transactions with respect to Eligible Securities in order to appropriately address temporary disruptions of an operational or highly unusual nature in U.S. dollar funding markets.
[2019-01-30] ii. Accept Treasury securities or cash as collateral for any loan of securities authorized in this paragraph 2; and
[2019-01-30] Participants continued to view a sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee's symmetric 2 percent objective as the most likely outcomes
[2019-01-30] Participants discussed market commentary that suggested that the process of balance sheet normalization might be influencing financial markets. Participants noted that the ongoing reduction in the Fed
[2019-01-30] 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, January
[2019-01-30] 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
[2019-01-30] In their discussion of labor markets, participants agreed that conditions had continued to strengthen. Estimates of job gains in the December employment report had been strong, the unemployment rate h
[2019-01-30] Participants noted that growth of business fixed investment had moderated from its rapid pace earlier last year. Some participants highlighted that recent surveys of business sentiment or District con
[2019-01-30] 1. The Federal Open Market Committee (the "Committee") authorizes and directs the Federal Reserve Bank selected by the Committee to execute open market transactions (the "Selected Bank"), to the exten
[2019-01-30] B. For standing dollar liquidity swap arrangements all drawings must be approved in advance by the Chairman. The Chairman may approve a schedule of potential drawings, and may delegate to the manager,
[2019-01-30] Bruce Fallick, Marc Giannoni, Susan McLaughlin,2 Anna Nordstrom,2 Angela O'Connor,2 Keith Sill, and Mark L.J. Wright, Senior Vice Presidents, Federal Reserve Banks of Cleveland, Dallas, New York, New
[2019-01-30] A. All transactions authorized in this paragraph 3 shall be conducted with prior notice to the Committee;
[2019-01-30] D. To exchange, at market prices, maturing Eligible Securities in the SOMA with an agency of the United States, in the case of Eligible Securities that are direct obligations of that agency or that ar
[2019-01-30] Inflation, employment, and long-term interest rates fluctuate over time in response to economic and financial disturbances. Moreover, monetary policy actions tend to influence economic activity and pr
[2019-01-30] Long-Run Monetary Policy Implementation Frameworks Committee participants resumed their discussion from the December 2018 meeting of the appropriate long-run framework for monetary policy implementati
[2019-01-30] D. From time to time, to transmit appropriate reports and information to the National Advisory Council on International Monetary and Financial Policies.
[2019-01-30] Eric Rosengren, President of the Federal Reserve Bank of Boston, with Patrick Harker, President of the Federal Reserve Bank of Philadelphia, as alternate
[2019-01-30] Financing conditions in the residential mortgage market also remained accommodative for most borrowers. Purchase mortgage origination activity continued to decline modestly through November, while ref
[2019-01-30] i. The Committee must direct the Selected Bank in advance to execute the operation if it would result in the overall volume of standalone spot and forward transactions in foreign currencies, as define
[2019-01-30] Voting for the FOMC monetary policy action were: Jerome H. Powell, Chairman; John C. Williams, Vice Chairman; Michelle W. Bowman; Lael Brainard; James Bullard; Richard H. Clarida; Charles L. Evans; Es
[2019-01-30] iii. Managing balances in various time and other deposit accounts at foreign institutions approved by the Board of Governors under Regulation N.
[2019-01-30] The staff noted that the Committee had previously indicated that, in the longer run, it intends to operate with no more securities holdings than necessary to implement monetary policy efficiently and
[2019-01-30] 7. The Committee authorizes the Selected Bank to hold foreign currencies for the System Open Market Account in accounts maintained at foreign central banks, the Bank for International Settlements, and
[2019-01-30] 3. For any operation that involves standalone spot or forward transactions in foreign currencies:
[2019-02-20] 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
[2019-02-20] The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on January 29-30, 2019.
[2019-02-20] Minutes of the Federal Open Market Committee January 29-30, 2019: HTML | PDF
[2019-02-20] FOMC minutes can be viewed on the Board's website at https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
[2019-02-26] The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings on January 22 and January 30, 2019.
[2019-03-20] Several participants expressed concerns that the public had, at times, misinterpreted the medians of participants' assessments of the appropriate level for the federal funds rate presented in the SEP
[2019-03-20] Thomas I. Barkin, Raphael W. Bostic, and Mary C. Daly, Presidents of the Federal Reserve Banks of Richmond, Atlanta, and San Francisco, respectively
[2019-03-20] 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
[2019-03-20] Ellen Correia Golay,2 Markets Officer, Federal Reserve Bank of New York
[2019-03-20] Participants noted that the latest readings on overall inflation had been somewhat softer than expected. However, participants observed that these readings largely reflected the effects of earlier dec
[2019-03-20] Thomas A. Connors, Rochelle M. Edge, Eric M. Engen, Christopher J. Waller, William Wascher, and Beth Anne Wilson, Associate Economists
[2019-03-20] Participants reiterated their support for the FOMC's intention to return to holding primarily Treasury securities in the long run. Participants judged that adopting an interim approach for reinvesting
[2019-03-20] The staff's forecast for inflation was revised down slightly for the March FOMC meeting, reflecting some recent softer-than-expected readings on consumer prices. Core PCE price inflation was expected
[2019-03-20] Matthew J. Eichner,2 Director, Division of Reserve Bank Operations and Payment Systems, Board of Governors; Michael S. Gibson, Director, Division of Supervision and Regulation, Board of Governors; And
[2019-03-20] In their discussion of the labor market, participants cited evidence that conditions remained strong, including the very low unemployment rate, a further increase in the labor force participation rate
[2019-03-20] Jeffrey D. Walker,2 Deputy Associate Director, Division of Reserve Bank Operations and Payment Systems, Board of Governors
[2019-03-20] Industrial production declined in January and rebounded only somewhat in February. Moreover, manufacturing output decreased over both months, as production in the motor vehicle and parts sector contra
[2019-03-20] Edward Nelson, Senior Adviser, Division of Monetary Affairs, Board of Governors; Jeremy B. Rudd, Senior Adviser, Division of Research and Statistics, Board of Governors
[2019-03-20] Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In support of these goals, the Committee decided to maintain the target range for the feder
[2019-03-20] Following the discussion, the Chair proposed that the Committee communicate its intentions regarding balance sheet normalization by publishing a statement at the conclusion of the meeting. All partici
[2019-03-20] Residential mortgage financing conditions remained accommodative on balance. Purchase mortgage origination activity was flat in December but edged up in January, as mortgage rates remained lower than
[2019-03-20] After assessing current conditions and the outlook for economic activity, the labor market, and inflation, members decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 per
[2019-03-20] Financing conditions for nonfinancial businesses continued to be accommodative overall. Gross issuance of both investment-grade and high-yield corporate bonds was strong in January and February, recov
[2019-03-20] The deputy manager described a possible operational approach in an ample-reserves regime based on establishing a minimum operating level that would be a lower bound on the daily level of reserves. The
[2019-03-20] 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
[2019-03-20] Participants commented on considerations related to allowing the average level of reserves to decline in line with trend growth in nonreserve liabilities for a time after the end of balance sheet runo
[2019-03-20] David Altig, Kartik B. Athreya, Michael Dotsey, Glenn D. Rudebusch, Ellis W. Tallman, and Joseph S. Tracy, Executive Vice Presidents, Federal Reserve Banks of Atlanta, Richmond, Philadelphia, San Fran
[2019-03-20] The staff noted that, once balance sheet runoff ended, the average level of reserves would tend to decline gradually, in line with trend growth in the Federal Reserve's nonreserve liabilities, until t
[2019-03-20] James A. Clouse, Secretary Matthew M. Luecke, Deputy Secretary David W. Skidmore, Assistant Secretary Michelle A. Smith, Assistant Secretary Mark E. Van Der Weide, General Counsel Michael Held, Deputy
[2019-03-20] Martin Bodenstein, Marcel A. Priebsch, and Bernd Schlusche,2 Principal Economists, Division of Monetary Affairs, Board of Governors
[2019-03-20] Gregory L. Stefani, First Vice President, Federal Reserve Bank of Cleveland
[2019-03-20] Major U.S. equity price indexes increased over the intermeeting period, with broad‑based gains across sectors. Improved prospects for a trade deal between the United States and China and accommodative
[2019-03-20] The staff also described a possible interim plan for reinvesting principal payments received from agency debt and agency mortgage-backed securities (MBS) after balance sheet runoff ends and until the
[2019-03-20] In their discussion of financial developments, participants observed that a good deal of the tightening over the latter part of last year in financial conditions had since been reversed; Federal Reser
[2019-03-20] In their discussion of indicators of inflation expectations, participants noted that market-based measures of inflation compensation had risen modestly over the intermeeting period, although they rema
[2019-03-20] Consistent with the Committee's decision to leave the target range for the federal funds rate unchanged, the Board of Governors voted unanimously to leave the interest rates on required and excess res
[2019-03-20] Antoine Martin,2 Julie Ann Remache,2 and Mark L.J. Wright, Senior Vice Presidents, Federal Reserve Banks of New York, New York, and Minneapolis, respectively
[2019-03-20] Andrew Figura, Assistant Director, Division of Research and Statistics, Board of Governors; Laura Lipscomb,2 Zeynep Senyuz,2 and Rebecca Zarutskie, Assistant Directors, Division of Monetary Affairs, B
[2019-03-20] Jon Faust, Senior Special Adviser to the Chair, Office of Board Members, Board of Governors
[2019-03-20] 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 maximum emp
[2019-03-20] Total U.S. consumer prices, as measured by the PCE price index, increased 1.7 percent over the 12 months ending in December, slightly slower than a year earlier, as consumer energy prices declined a l
[2019-03-20] Brian M. Doyle, Wendy E. Dunn, Joseph W. Gruber, Ellen E. Meade, and John M. Roberts, Special Advisers to the Board, Office of Board Members, Board of Governors
[2019-03-20] The nominal U.S. international trade deficit narrowed in November before widening in December to the largest deficit since 2008. Exports declined in November and December, as exports of industrial sup
[2019-03-20] Patrick Harker, Robert S. Kaplan, Neel Kashkari, Loretta J. Mester, and Michael Strine, Alternate Members of the Federal Open Market Committee
[2019-03-20] With regard to the postmeeting statement, members agreed to characterize the labor market as remaining strong. While payroll employment had been little changed in February, job gains had been solid, o
[2019-03-20] Penelope A. Beattie,3 Assistant to the Secretary, Office of the Secretary, Board of Governors
[2019-03-20] Participants judged that ending the runoff of securities holdings at the end of September would reduce uncertainty about the Federal Reserve's plans for its securities holdings and would be consistent
[2019-03-20] Notation Vote By notation vote completed on February 19, 2019, the Committee unanimously approved the minutes of the Committee meeting held on January 29-30, 2019.
[2019-03-20] Antulio N. Bomfim, Special Adviser to the Chair, Office of Board Members, Board of Governors
[2019-03-20] Committee Policy Action In their discussion of monetary policy for the period ahead, members judged that the information received since the Committee met in January indicated that the labor market rem
[2019-03-20] Real residential investment appeared to be softening further in the first quarter, likely reflecting, in part, decreases in the affordability of housing arising from both the net increase in mortgage
[2019-03-20] The broad dollar index appreciated slightly as the extension of accommodative policies and revised guidance by major foreign central banks weighed on AFE currencies. An exception was the British pound
[2019-03-20] Michele Cavallo,2 Section Chief, Division of Monetary Affairs, Board of Governors
[2019-03-20] Voting for this action: Jerome H. Powell, John C. Williams, Michelle W. Bowman, Lael Brainard, James Bullard, Richard H. Clarida, Charles L. Evans, Esther L. George, Randal K. Quarles, and Eric Roseng
[2019-03-20] A. Lee Smith, Senior Economist, Federal Reserve Bank of Kansas City
[2019-03-20] The staff viewed the uncertainty around its projections for real GDP growth, the unemployment rate, and inflation as generally similar to the average of the past 20 years. The staff also saw the risks
[2019-03-20] PRESENT: Jerome H. Powell, Chair John C. Williams, Vice Chair Michelle W. Bowman Lael Brainard James Bullard Richard H. Clarida Charles L. Evans Esther L. George Randal K. Quarles Eric Rosengren
[2019-03-20] The prices of foreign risky assets broadly tracked the positive moves in similar U.S. assets over the intermeeting period. Communications by major central banks, which were, on net, more accommodative
[2019-03-20] The Committee directs the Desk to continue rolling over at auction the amount of principal payments from the Federal Reserve's holdings of Treasury securities maturing during each calendar month that
[2019-03-20] Financing conditions in consumer credit markets were little changed in recent months and remained generally supportive of household spending. Credit card loan growth remained strong through December,
[2019-03-20] 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
[2019-03-20] "Effective March 21, 2019, 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 2-1/4 to 2-1/2 pe
[2019-03-20] Mark A. Carlson, Senior Economic Project Manager, Division of Monetary Affairs, Board of Governors
[2019-03-20] Samuel Schulhofer-Wohl, Senior Economist and Research Advisor, Federal Reserve Bank of Chicago
[2019-03-20] Participants also commented on the apparent slowing of growth in business fixed investment in the first quarter. Factors cited as consistent with the recent softness in investment growth included down
[2019-03-20] Conditions in short-term funding markets generally remained stable over the intermeeting period. The EFFR was consistently equal to the rate of interest on excess reserves, while take-up in the overni
[2019-03-20] Participants agreed that information received since the January meeting indicated that the labor market had remained strong but that growth of economic activity had slowed from its solid rate in the f
[2019-03-20] Voting for the FOMC monetary policy action were: Jerome H. Powell, Chairman; John C. Williams, Vice Chairman; Michelle W. Bowman; Lael Brainard; James Bullard; Richard H. Clarida; Charles L. Evans; Es
[2019-03-20] Minutes of the Federal Open Market Committee March 19-20, 2019 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
[2019-03-20] Private-sector analysts revised down their projections for 2019 and year-ahead corporate earnings a bit. The pace of gross equity issuance was sluggish in January but ticked up in February, consistent
[2019-03-20] The Committee also directs the Desk to engage in dollar roll and coupon swap transactions as necessary to facilitate settlement of the Federal Reserve's agency mortgage-backed securities transactions.
[2019-03-20] Following the manager and deputy manager's report, some participants commented on various aspects of the minimum operating level approach. Decisions regarding how far to allow reserves to decline woul
[2019-03-20] Developments in Financial Markets and Open Market Operations The manager of the SOMA discussed developments in global financial markets over the intermeeting period. In the United States, equity index
[2019-03-20] Economic growth in foreign economies slowed further in the fourth quarter. This development reflected slowing in the Canadian economy and some emerging market economies (EMEs), including Brazil and Me
[2019-03-20] Participants commented on a number of risks associated with their outlook for economic activity. A few participants noted that there remained a high level of uncertainty associated with international
[2019-03-20] In their discussion of the household sector, participants noted that softness in consumer spending had contributed importantly to the projected slowing in economic growth in the current quarter. Many
[2019-03-20] The deputy manager also discussed the transition to a long-run regime of ample reserves, following the Committee's January announcement that it intends to continue to implement monetary policy in such
[2019-03-20] Staff Review of the Financial Situation Investor sentiment toward risky assets continued to improve over the intermeeting period. Market participants cited accommodative monetary policy communications
[2019-03-20] BALANCE SHEET NORMALIZATION PRINCIPLES AND PLANS (Adopted March 20, 2019)
[2019-03-20] Staff Review of the Economic Situation The information available for the March 19-20 meeting indicated that labor market conditions remained strong, al­though growth in real gross domestic product (GD
[2019-03-20] Achilles Sangster II, Information Management Analyst, Division of Monetary Affairs, Board of Governors
[2019-03-20] Linda Robertson, Assistant to the Board, Office of Board Members, Board of Governors
[2019-03-20] Daniel M. Covitz, Deputy Director, Division of Research and Statistics, Board of Governors; Michael T. Kiley, Deputy Director, Division of Financial Stability, Board of Governors; Trevor A. Reeve, Dep
[2019-03-20] Mary-Frances Styczynski,2 Lead Financial Institution and Policy Analyst, Division of Monetary Affairs, Board of Governors
[2019-03-20] David H. Small, Project Manager, Division of Monetary Affairs, Board of Governors
[2019-03-20] In Europe, measures announced by the European Central Bank (ECB) in March, including an extension of forward guidance on interest rates and the announcement of another round of targeted long-term refi
[2019-03-20] Ann E. Misback, Secretary, Office of the Secretary, Board of Governors
[2019-03-20] Growth in real private expenditures for business equipment and intellectual property looked to be slowing in the first quarter. Nominal shipments of nondefense capital goods excluding aircraft rose in
[2019-03-20] With regard to the outlook for monetary policy beyond this meeting, a majority of participants expected that the evolution of the economic outlook and risks to the outlook would likely warrant leaving
[2019-03-20] Marnie Gillis DeBoer2 and David López-Salido, Associate Directors, Division of Monetary Affairs, Board of Governors
[2019-03-20] Total real government purchases appeared to be moving sideways in the first quarter. Relatively strong increases in real federal defense purchases were likely to be roughly offset by an expected decli