CapFi classifies CEO personal expenses as business ones, gets $15k fine

U.S. crude oil refinery inputs averaged 13.0 million barrels per day during the week ending October 16, 2020 which was 0.6 million barrels per day less than the previous week’s ...

I thank Paul Mizen and the Money Macro and Finance Society for the opportunity to speak at your 6th Annual Conference. In my brief remarks today, I will give an overview of the changes to our monetary policy strategy that the Federal Open Market Committee, the monetary policymaking body within the Federal Reserve, recently announced and discuss their implications for monetary policy going forward. As always, the views I will present are my own and not necessarily those of the Federal Reserve System or of my colleagues on the Federal Open Market Committee. In early 2019, the FOMC began a review of our framework for setting monetary policy – the strategy, tools, and communications we use in setting policy in pursuit of the monetary policy goals given to us by the U.S. Congress. These goals are maximum employment, price stability, and moderate long-term interest rates. When prices are stable and the economy is at full employment, long-term interest rates are typically at moderate levels. So it is often said that the U.S. Congress has given the Fed a dual mandate of price stability and maximum employment. The framework review was informed by our experience during and after the Great Recession, by economic theory and empirical analysis, and by consultations with academic researchers and practitioners at research conferences. It was also informed by conversations with the public at large, through a series of Fed Listens events held across the country.1 The main conclusions of the review are captured in our revised Statement on Longer-Run Goals and Monetary Policy Strategy, which the FOMC approved this August. tweet at 10:00am: **Mester: Fed May Yet Need to Use Monetary Policy to Deal With Bubbles