Federal Reserve Leaves Rates at Zero With Open Ended QE

#23811
Helmholtz Watson
Participant

NY Fed’s Williams:

We’re seeing some signs of pickup
We’re seeing signs of increased travel and spending
Tourism will take longer
We will be watching data on restarting very closely
We have really been focused on credit availability and where it will continue to be
We need fiscal policy that can provide income to individuals
The virus is driving this, that’s what we will be following
I expect inflation to remain low over the next year or so
We’re using data from social media and driving patterns to develop economic forecasts
Fed is in the early days of working on economic forecasts and thinking about scenarios
Looking at yield curve control “these are issues we’re studying very closely”
We’re near the bottom in terms of the economic downturn
We haven’t seen any signs of a shortage of demand for Treasuries