The bank said that a deep and prolonged recession would warrant negative interest rates, as asset purchases and forward guidance from the Fed would likely not “fill the gap,” unless it started to buy risky assets like stocks. The argument for cutting interest rates below zero is the same as cutting interest rates above zero: …
The Federal Reserve said Wednesday the coronavirus pandemic already has caused “tremendous” health and economic hardship, and warned the damage to the US economy will continue along with high unemployment.
Read moreUS Federal Reserve Warns Coronavirus “Poses Considerable Risks”
Fed Expected to Leave Policy Unchanged – Traders are expecting a lot of fresh news from the Fed when it releases its monetary policy statement at 18:00 GMT.
Read moreFed Expected to Leave Policy Unchanged – Gold Silver Reports
The Federal Reserve said Wednesday that it would keep the benchmark interest rate at its current range of 1.5%-1.75%, a widely expected decision that ends the Fed’s rate-cutting streak.
Read moreFederal Reserve Keeps Interest Rates Unchanged – Gold Silver Reports
The Federal Reserve and its leaders have done something unusual in 2019 for central bankers. They admitted they were wrong in their short-term and long-term outlook for the U.S. economy.
Read more2019: The year the Federal Reserve admitted it was wrong
Fed Again Cuts Interest Rates 0.25 percentage points, which was widely expected, brings the Fed’s target rate to a range of 1.5% to 1.75%. Less clear is where central bankers go from here amid signs the economy is slowing down.
Read moreFed Again Cuts Interest Rates as Economic Growth Slows, Powell Says Policy in Good Place