RICHMOND FED’S BARKIN: FED SHOULDN’T BE TOO QUICK TO RESPOND TO CORONAVIRUS
By Steven K. Beckner DURHAM, N.C. (MaceNews) – Richmond Federal Reserve Bank President Tom Barkin was reluctant Wednesday evening to conclude that the coronavirus will have a dire impact on the U.S. economy, but suggested the Fed should not be too hasty to ease credit even if the disease does turn out to have a bigger […]
FOMC MINUTES EXCERPT: RISKS ‘SOMEWHAT MORE FAVORABLE’
WASHINGTON (MaceNews) – The Federal Open Market Committee minutes of its January 28-29 meeting Wednesday added little if anything to the policy statement, the chairman’s news conference and conventional wisdom, finding efforts to replenish reserve balances adequate and the balance of risks somewhat more favorable. The following excerpt, of the views of Fed Board and […]
FED’S BOSTIC: TOO SOON TO KNOW CORONAVIRUS IMPACT
By Adina Solomon ATLANTA (MaceNews) – It’s too soon to assess the economic fallout from the novel coronavirus — and its longer-term impact, Atlanta Federal Reserve Bank President Raphael Bostic said Wednesday. “The difficulty for the coronavirus situation is that I don’t feel like I really know the whole story yet. Every day we learn […]