Fed

15 Jun: The Fed today has made the stock market be positive paring previous losses

Stock market news: The Fed is expanding its stimulus with corporate bonds “Fed Will Begin Buying Broad Portfolio of Corporate Bonds. The Federal Reserve said Monday that it will begin buying individual corporate bonds under its Secondary Market Corporate Credit Facility, an emergency lending program that to date has purchased only exchange-traded funds. The central bank also added a twist to its buying strategy, saying it would follow a diversified market index of U.S. corporate bonds created expressly for the facility. The Fed built the index internally, and a spokesman couldn’t immediately say whether its details would be made public. “This index is made up of all the bonds in the secondary market that have been issued by U.S. companies that satisfy the facility’s minimum rating, maximum maturity and other criteria,” the Fed said in a statement. “This indexing approach will complement the facility’s current purchases of exchange-traded funds.” Source:…

23 Mar: Federal Reserve announces extensive new measures to support the economy

Press release by the Fed, March 23, 2020 ” The Federal Reserve is committed to using its full range of tools to support households, businesses, and the U.S. economy overall in this challenging time. The coronavirus pandemic is causing tremendous hardship across the United States and around the world. Our nation’s first priority is to care for those afflicted and to limit the further spread of the virus. While great uncertainty remains, it has become clear that our economy will face severe disruptions. Aggressive efforts must be taken across the public and private sectors to limit the losses to jobs and incomes and to promote a swift recovery once the disruptions abate. “ Read more about the new measures to support the economy : Source: https://www.federalreserve.gov/newsevents/pressreleases/monetary20200323b.htm

11 Feb: Fed Chair Powell: US economy is in a very good place

US Economy Federal Reserve Chairman Jerome Powell said Tuesday that the U.S. economy is in a “very good place,” and shrugged off concerns over a recession and the impact of the coronavirus. Federal Reserve Chairman Jerome Powell said Tuesday that the U.S. economy is in a “very good place,” and shrugged off concerns over a recession and the impact of the coronavirus. In testimony to the House Financial Services Committee, Powell said he does not believe markets are at risk of talking themselves into a recession. “I don’t think so and I certainly hope not,” Powell said. “There’s no reason why the expansion can’t continue. There’s nothing about this expansion that is unstable or unsustainable.” Powell said the U.S. economy is in a “very good place,” pointing to job creation and moderate growth in a sluggish global growth environment. Despite weak manufacturing numbers, Powell said trade-related uncertainties have “diminished.” Coronavirus risk not yet “material”…