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Clarida: The Federal Reserve's New Framework: Context and Consequences
On August 27, 2020, the Federal Open Market Committee (FOMC) unanimously approved a revised Statement on Longer-Run Goals and Monetary Policy Strategy, which represents a robust evolution of its monetary policy framework. At its September and December FOMC meetings, the Committee made material changes to its forward guidance to bring it into line with the new policy framework. Before I discuss the new framework in detail and the policy implications that flow from it, please allow me to provide some background on the reasons the Committee felt that our framework needed to evolve. As my FOMC colleagues and I indicated ... (full story)
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From poundsterlinglive.com|Jan 13, 2021Negative interest rates are unlikely at the Bank of England (BoE) if the latest remarks from Governor Andrew Bailey and Pound Sterling's response to them are anything to go by, ...
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From fiscal.treasury.gov|Jan 13, 2021The Monthly Treasury Statement of Receipts and Outlays of the United States Government (MTS) is prepared by the Bureau of the Fiscal Service, Department of the Treasury and, after ...
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From federalreserve.gov|Jan 13, 2021Most Federal Reserve Districts reported that economic activity increased modestly since the previous Beige Book period, although conditions remained varied: two Districts reported ...
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From reuters.com|Jan 13, 2021|2 commentsAs the House of Representatives moved on Wednesday toward a vote to make Donald Trump the first U.S. president to be impeached twice, the Senate’s top Republican rejected ...
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From apnews.com|Jan 13, 2021A Federal Reserve survey of U.S. business conditions has found modest economic gains at the start of the year, although some parts of the country saw slowdowns stemming from a ...
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From @KyleR_IG|Jan 13, 2021|6 commentstweet at 4:24pm: * US HOUSE HAS VOTES TO IMPEACH TRUMP FOR ROLE IN CAPITOL RIOT: BBGTrump impeached for 'inciting' US Capitol riots The US House of Representatives has impeached President Donald Trump for "incitement of insurrection" at last week's Capitol riot. He is the first president in US history to be twice impeached - to be charged with crimes by Congress. Mr Trump, a Republican, will now face a trial in the Senate, where if convicted he could face being barred from ever holding office again. The impeachment measure passed largely along party lines. Mr Trump is due to leave office on 20 January, following his election defeat last November to Democrat Joe Biden. After several hours of impassioned debate on Wednesday, the Democratic-controlled House voted. Six Republicans said beforehand they would side with Democrats to impeach the president. But the majority of conservatives remained loyal to Mr Trump. But it is unlikely Mr Trump will have to leave the White House before his term in office ends in one week as the Senate was not expected to convene in time. Last week, 139 Republicans voted against accepting the result of the 2020 election and Mr Trump's defeat.
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- Posted: Jan 13, 2021 3:01pm
- Submitted by:Category: Low Impact Breaking NewsComments: 0 / Views: 276
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