Federal Reserve Press Release Announcing the Creation of a New CPFF

Summary Section 13(3) of the Federal Reserve Act, a product of the Depression Era, permits emergency lending to bank and nonbank companies by the Federal Reserve. On October 27, 2008, the Federal...


FOMC March (unscheduled) 2020 Press Release Language Change

This is an unscheduled meeting of the FOMC and replaces the scheduled March 17th-18th meeting. Summary The coronavirus outbreak has harmed communities and disrupted economic activity. Global...


ECB Press Conference March 12, 2020 - What Has Changed?

The ECB acknowledges that the spread of the coronavirus (COVID-19) has been a major shock to the growth prospects of the global and euro area economies and has heightened market volatility. Even if...


Members of the FOMC: Save Your Policy Bullets

With the Coronavirus rolling across Asia and into the Middle East and Europe, investors are recalculating risk and pricing in a global pandemic that will extend the demand and supply shock that...


FOMC January 2020 Press Release Language Change

Summary Labor market remains strong with solid job gains. (no change) Economic activity has been rising at a moderate rate. (no change) Unemployment rate has remained low. (no change) Growth of...


FOMC December 2019 Press Release Language Change

Summary Labor market remains strong with solid job gains. (no change) Economic activity has been rising at a moderate rate. (no change) Unemployment rate has remained low. (no change) Growth of...


FOMC October 2019 FOMC Press Release Language Change

Summary Labor market remains strong with solid job gains. (no change) Economic activity has been rising at a moderate rate. (no change) Unemployment rate has remained low. (no change) Growth of...


FOMC September 2019 Press Release Language Change

Summary Labor market remains strong with solid job gains. (no change) Economic activity has been rising at a moderate rate. (no change) Unemployment rate has remained low. (no change) Growth of...


FOMC July 2019 Press Release Language Change

FOMC cut rates by 25bp and stopped shrinking its balance sheet 2 months earlier than scheduled. The market was hoping for more cuts and more clarity in the policy path going forward from Chair Powell...


FOMC June 2019 Press Release Language Change

As expected, FOMC members held rates unchanged.  The U.S. economy remains solid (jobs and GDP) and especially so when compared to the rest of the world.  After a strong first quarter and a good...