ECB Press Release June 4, 2020 - What Has Changed?

The pandemic emergency purchase programme (PEPP) will be increased by €600 billion, to a total of €1,350 billion. (new) The PEPP expansion will further ease the general monetary policy stance,...


ECB Press Conference April 30, 2020 - What Has Changed?

COVID-19 changed everything and ECB, under Madame Legarde, is using the same “whatever it takes” policy to stabilize the European financial markets and to make sure the financial system functions...


FOMC, April 29, 2020, Press Release - What Has Changed?

Summary Staying the course of using its full range of tools to support the U.S. economy (no change) The disruptions to economic activity here and abroad have significantly affected financial...


Quarterly Market Commentary - 2020 Q1

The cacophony of impact, fallout, responses, and scale of the COVID-19 coronavirus on a human level and on the economy is shocking.  The speed of change, on a sometimes hourly basis, is impossible to...


Federal Reserve Press Release – FOMC Statement

Summary taking further actions to support the flow of credit to households and businesses by addressing strains in the markets for Treasury securities and agency mortgage-backed securities. continue...


Federal Reserve Press Release Announcing Extensive New Measures to Support the Economy

Summary This Press Release intends to summarize the most recent Federal Reserve monetary policies and Banking and Consumer Regulatory policies to support households, businesses, and the U.S. economy...


Federal Reserve Press Release - U.S. Dollar Liquidity Arrangements

Summary establishment or expanded temporary U.S. dollar liquidity arrangements (swap lines) with 9 other central banks in response to an increased demand for U.S. dollars overseas. helping to...


Federal Reserve Press Release – FOMC Statement - Money Market Liquidity Facility

Summary Established a Money Market Mutual Fund Liquidity Facility (MMLF) in support for the flow of credit to households and businesses by enhancing the liquidity and functioning of crucial money...


Federal Reserve Press Release Announcing the Creation of a New PDCF

COVID-19 has halted economic activity in many countries. Financial markets have experienced all-time high volatility and continue to be stressed.  Lending to the primary dealers by the Federal...


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...