Federal Reserve Leaves Rates at Zero With Open Ended QE

Helmholtz Watson

Feds April 28 – 29, 2020 meeting minutes

Highlights of the April 28 – 29 FOMC committee meeting minutes:

mulls outcome based or databased forward guidance
forward guidance could be more explicit
FOMC could later clarify intentions on rate policy
Fed was committed to using its full range of tools to support the US economy
coronavirus would weigh heavily on economic activity, employment, and inflation in the near term and posed considerable downside risks to the economic activity over the medium-term
fiscal actions were delivering valuable aid to their districts
expected maintain current target rates until they were confident that the economy had weathered recent economic events and was on track to achieve the Fed’s goals
a number of participants a judge that there was a substantial likelihood of additional waves of outbreak the near medium-term
they would continue to monitor public health information as well as global developments and muted inflation pressures in assessing outlook