To the economy. Today my colleagues on the foc and i kept Interest Rates near zero and maintained her sizable asset purchases. These measures along with our strong guidance on Interest Rates on our Balance Sheet will ensure that Monetary Policy will continue to deliver powerful support to the economy until the recovery is complete. The path of the economy continues to depend sidibe drama course of the virus but a resurgence in recent months and covid19 cases hospitalizations and deaths is causing great hardship for millions of americans and displaying on economic and cavities. Following a short rebound of economic at tivoli last summer at the pace of their coverage is moderated in recent months with the week is concentrated in the sectors of the economy most affected by the resurgence of the virus by greater social distancing. Household spending on Services Remain low especially in sectors that require people to gather closely including travel and hospitality. Household spending on goo
We will talk about in a next hour as well. We will be speaking about juneteenth and what companies should be doing to improve diversity and inclusion with vivian hunt from mckinsey. A big event here in the u. S. , lots of events participating in that in the holiday. We will break that down and what it means for renting for u. S. Companies as well. This could be the Third Largest none december exploration on record for Macro Risk Advisors founder. She will be joining us. We also have all this volatility into the squad winching dust into the cour quadruple winching. How does this play out . One of the trends we have seen in Options Market over the last several years that has is that folksated are vying incredibly short dated options, the shortest, as short as one day. Leaderboard is that it expires in one day. It is a unique way of trading. I would not say it is gambling, but it is not exactly investing either. A lot of the stuff rolling off was put on as late as this week. When we looke
Thanks for joining us today. I would like to begin by acknowledging the tragic loss in tremendous hardship that people are experiencing both here in the United States and around the world. The coronavirus outbreak is first and foremost a Public Health crisis and the most important response is coming from those in the front lines in hospitals, emergency services, and care facilities. On behalf of the Federal Reserve, let me express are severe sincere gratitude to those who put themselves in risk. The forceful measures we are taking to control the spread of the virus have brought much of the economy to an abrupt halt. It is worse worth remembering the measures we are taking to combat the virus are an investment in our individual and collective health. We should do everything we can to provide relief to those suffering for the public good. While many standard Economic Statistics have yet to catch up with the reality we are experiencing, it is clear that the effects on the economy are clea
Around the world. The coronavirus outbreak is first and foremost a Public Health crisis and the most important response is coming from those in the front lines in hospitals, emergency services, and care facilities. On behalf of the Federal Reserve, let me express our sincere gratitude to those dedicated individuals who put themselves at risk. The forceful measures that we as a country are taking to control the spread of the virus have brought much of the economy to an abrupt halt. Many businesses have closed, people have been asked to stay home, and basic social interactions are curtailed. People are putting their lives and livelihoods on hold at significant economic, and personal cost. All of us are affected, but the burdens are falling most heavily on those least able to carry them. It is worth remembering the measures we are taking to combat to contain the virus are an investment in our individual and collective health. As a society we should do , everything we can to provide relief
Largescale repos, as it has been doing it goes on to describe the impact of the coronavirus on the economy the way it sees it, causing tremendous human and economic hardship, the statement says and measures to protect health have been causing the sharp economic declines and the losses in unemployment and jobs on the inflation front, the Federal Reserve notes, muted inflation, says weak demand and Lower Oil Prices are holding down inflation disruptions to Economic Activity, it says, have impaired the flow of credit the Public Health crisis will weigh heavily, it says, on Economic Activity and unemployment and just a bit of analysis picking on something that was just said there, there is no forwardlooking aspect to this statement here generally, the Federal Reserve says, this policy will lead to x, continued, sustained expansion. Things like that there is nothing here where the fed says the policies we have now will lead to x in the future its all about the fed chronicling the damage to