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Ex-Fed economist Bill Nelson on Federal Reserve strategy

Ex-Fed economist Bill Nelson on Federal Reserve strategy
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Fed Officials Saw Risk of Entrenched Inflation

Fed Officials Saw Risk of Entrenched Inflation
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Federal Reserve Senior Loan Officer Opinion Survey On Bank Lending Practices

<h3>The April 2022 Senior Loan Officer Opinion Survey on Bank Lending Practices</h3> <p>The April 2022 Senior Loan Officer Opinion Survey on Bank Lending Practices addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months, which generally correspond to the first quarter of 2022.</p> ....

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Federal Reserve Independence: Foundations And Responsibilities, Vice Chair Richard H. Clarida, At The Federal Reserve Bank Of Cleveland, Cleveland, Ohio (Via Livestream)

<p><span>The COVID-19 pandemic and the mitigation efforts put in place to contain it delivered the most severe blow to the U.S. and global economies since the Great Depression.</span><a title="footnote 1" href="https://www.federalreserve.gov/newsevents/speech/clarida20211130a.htm#fn1"><span>1</span></a><a name="f1"></a><span>&nbsp;Gross domestic product (GDP) collapsed at a nearly 33 percent annual rate in the second quarter of 2020. More than 22 million jobs were lost in just the first two months of the crisis, and the unemployment rate rose from a 50-year low of 3.5 percent in February to a postwar peak of almost 15 percent in April 2020. A precipitous decline in aggregate demand pummeled the consumer price level. The resulting disruptions to economic activity significantly tightened financial conditions and impaired the flow of credit to U.S. households and businesses.</span></p> ....

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