Treasury Secretary Yellen says rates may have to rise somewhat to keep economy from overheating
Treasury Secretary Janet Yellen conceded that interest rates may have to rise to keep a lid on the burgeoning economic growth.
Monetary Policy
The Fed Faces Criticism as It Wades Into Climate and Equity Issues
The Federal Reserve is proudly politically independent. That makes key discussions around climate change and racial inequity a balancing act.
Social_Education_2021_The_Feds_Early_Response_to_COVID19.pdf
COVID-19’s Effects on the Economy and the Fed’s Response | St. Louis Fed
How has COVID-19 affected the economy?
Fed's Powell: U.S. economy at an 'inflection point' - CBS '60 Minutes'
The U.S. economy is at an "inflection point" with expectations that growth and hiring will pick up speed in the months ahead, but also risks if a hasty reopening leads to a continued increase in coronavirus cases, Federal Reserve Chair Jerome Powell said.
The Fed will not extend a pandemic-crisis rule that had allowed banks to relax capital levels
The Fed declined to extend a pandemic-era rule that relaxed the amount of capital banks had to maintain against Treasurys and other holdings.
Fed Boosts Economic Growth Projections, but Maintains Its Easy Money Strategy
Dow climbs 189 points to close above 33,000 for the first time as Fed sticks to easy policy
(23) Victoria Guida on Twitter: "Since I just wrote a story about Treasury debt management, I thought this might be a great moment for an explainer thread: What is the relationship between the Federal Reserve, Treasury and money? 1/x" / Twitter
Since I just wrote a story about Treasury debt management, I thought this might be a great moment for an explainer thread: What is the relationship between the Federal Reserve, Treasury and money? 1/x— Victoria Guida (@vtg2) March 15, 2021
(2) Trevor Chow on Twitter: "Never knew I needed this in my life till now, but behold the three most based and most recent Fed chairs: https://t.co/vw3pOoPCbF" / Twitter
Never knew I needed this in my life till now, but behold the three most based and most recent Fed chairs: pic.twitter.com/vw3pOoPCbF— Trevor Chow (@tmychow) March 10, 2021
How the Federal Reserve won its independence : Planet Money : NPR
The story of the day the Federal Reserve got its independence and the fight — an actual physical fight — to keep it. | Subscribe to our weekly newsletter here.
Investors Are Focused on Treasurys. Here’s What the Fed Could Do. - The New York Times
Central bankers have said they aren’t worried about a pop in longer-term bond yields. If they do become concerned, they have some options.
Wall Street finishes up as Fed's Powell soothes inflation fears | Reuters
Shares on Wall Street ended higher on Wednesday, as a selloff in technology-related stocks eased and a rotation into cyclical shares continued after Federal Reserve Chair Jerome Powell's comments calmed inflation worries.
Michigan State University professor backed to fill vacancy on Federal Reserve Board of Governors
Economist and Michigan State University professor Lisa Cook has the backing of several key White House officials and allies outside the administration as a possible choice for President Joe Biden in filling a vacancy on the Federal Reserve Board of Governors, according to people familiar with the…
How the Fed Has Responded to the COVID-19 Pandemic | St. Louis Fed
Some important actions the Fed has taken include lowering the policy rate to near zero, increasing its purchases of Treasuries and mortgage-backed securities to stabilize those markets, and introducing emergency lending programs.
Fiscal vs. Monetary Policy: Here’s the Difference | St. Louis Fed
What the Treasury Department and Federal Reserve Do
In final meeting of Trump administration, Fed gets the last word on 2020
Federal Reserve Chair Jerome Powell has frequently urged lawmakers, using increasingly strong language, to pass more fiscal stimulus.
Fed keeps rate near zero but sees brighter economy in 2021
The Federal Reserve said Wednesday that it will keep buying government bonds until the economy makes “substantial” progress
Fed to weigh further options for aiding U.S. economy in peril
The Federal Reserve’s policymakers face an unusual conundrum as they meet this week
Banks have grown by $2 trillion in deposits since coronavirus first hit
The wall of money flowing into banks has no precedent in history: in April alone, deposits grew by $865 billion, more than the previous record for an entire year.
Federal Reserve Chair Jerome Powell Was Made for This Moment
As chairman of the Federal Reserve during the pandemic, Jerome Powell has managed to do something almost unimaginable in Washington: a good job.
Worries grow over a K-shaped economic recovery that favors the wealthy
Worries of a K-shaped recovery are growing in the alphabet-obsessed economics profession. That would entail continued growth, but split sharply between industries and economic groups.
(5) Jackson Hole Economic Policy Symposium - YouTube
The Jackson Hole Symposium has provided public transparency since the first session in 1978. Representatives from the news media have been in the room with full access to the program and participants, and a transcript of the symposium papers and discussion is published online along with an attendee list. In addition, an e-book titled, “In Late August” tells the history of the Symposium. The Economic Symposium’s complete archive is available at kansascityfed.org.
How the Fed Influences Interest Rates Using Its New Tools | St. Louis Fed
Post-financial crisis, interest on reserves became the primary tool for adjusting the fed funds rate. And the ON RRP rate is now a supplementary tool that acts as a “floor.”