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Dr. Seifried provides excerpts from an official published statement on the Federal Open Market Committee’s meetings.
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FOMC Meeting Results, September 2021
Federal Open Market Committee (FOMC) Meeting Results
Fed pledges to use full range of tools to assist the economy. Fed does not change rates - keeps interest rate range at 0.0% - 0.25%.
Fed claims that progress on Covid vaccinations have helped, and the economy is much stronger because of it.
The Federal Reserve announced that it would be ready to reduce the purchases of security soon. However, it will continue to increase its holdings of Treasury securities by at least $80 billion per month and of agency mortgage-backed securities by at least $40 billion per month until substantial further progress has been made toward the Committee's maximum employment and price stability goals.
Fed claims recent inflation is transitory!
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FOMC Meeting Results, July 2021
Federal Open Market Committee (FOMC) Meeting Results
This meeting was a virtual meeting
Fed pledges to use full range of tools to assist the economy. Fed does not change rates - keeps interest rate range at 0.0% - 0.25%.
Fed launches a standing Repo Facility to boost market liquidity.
Federal Reserve will continue to increase its holdings of Treasury securities by at least $80 billion per month and of agency mortgage-backed securities by at least $40 billion per month until substantial further progress has been made toward the Committee's maximum employment and price stability goals.
Fed claims recent inflation is transitory!
Read Article
FOMC Meeting Results, April 2021
Federal Open Market Committee (FOMC) Meeting Results
This meeting was a virtual meeting
Fed pledges to use full range of tools to assist the economy. Fed does not change rates - keeps interest rate range at 0.0% - 0.25%.
Fed claims that the COVID-19 pandemic is causing tremendous human and economic hardship across the United States and around the world and warns of additional economic and financial harm that the virus might cause.
Federal Reserve will continue to increase its holdings of Treasury securities by at least $80 billion per month and of agency mortgage-backed securities by at least $40 billion per month until substantial further progress has been made toward the Committee's maximum employment and price stability goals.
Fed claims recent inflation is transitory!
Read Article