Browsing: FOMC
IOER Levels Not Driving Reserve Decisions, Fed Survey Finds
Banks are not basing decisions on how much to hold in reserve at the Federal Reserve Banks on a desire to earn the interest paid on excess reserves, according to a Fed survey of senior financial officers released today.
Powell Addresses Risks Amid ‘Remarkably Positive’ Economy
The U.S. economic outlook is “remarkably positive,” Federal Reserve Chairman Jerome Powell said at a business economics conference today.
Powell Defends Fed’s Path on Interest Rates
Federal Reserve Chairman Jerome Powell issued a strong defense of the Federal Open Market Committee’s gradual path to normalizing interest rates today, emphasizing that this path addresses both the risk of acting too fast and choking off economic growth too soon and the risk of not tightening before inflation accelerates too quickly.