{"id":15742,"date":"2020-07-28T20:06:59","date_gmt":"2020-07-29T01:06:59","guid":{"rendered":"https:\/\/www.wasobamaborninkenya.com\/blog\/?p=15742"},"modified":"2020-07-28T20:07:02","modified_gmt":"2020-07-29T01:07:02","slug":"us-coronavirus-surge-to-dominate-federal-reserve-meeting-central-bank-policymakers-face-delicate-decision-on-best-way-to-deliver-more-monetary-support","status":"publish","type":"post","link":"https:\/\/www.wasobamaborninkenya.com\/blog\/us-coronavirus-surge-to-dominate-federal-reserve-meeting-central-bank-policymakers-face-delicate-decision-on-best-way-to-deliver-more-monetary-support\/","title":{"rendered":"US coronavirus surge to dominate Federal Reserve meeting — Central bank policymakers face delicate decision on best way to deliver more monetary support"},"content":{"rendered":"\n
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Financial Times<\/strong>
by James Politi in Washington and Colby Smith in New York
July 27, 2020<\/p>\n\n\n\n

Excerpt:<\/p>\n\n\n\n

The surge in US coronavirus cases is pushing the Federal Reserve closer to a delicate decision on the best way to deliver more monetary support to the US economy, but the central bank is unlikely to move imminently. Policymakers will gather for a meeting of the Federal Open Market Committee on Tuesday and Wednesday that will be dominated by the threat to recovery posed by the spread of Covid-19, including in such economically vital states as California, Texas and Florida.<\/em><\/p>\n\n\n\n

Policymakers will gather for a meeting of the Federal Open Market Committee on Tuesday and Wednesday that will be dominated by the threat to recovery posed by the spread of Covid-19, including in such economically vital states as California, Texas and Florida.<\/em><\/p>\n\n\n\n

…<\/p>\n\n\n\n

With financial market conditions remaining relatively strong, the Fed has signalled it is leaning against any announcement this week. This would give it more time get a firmer grasp on the data, and reach an internal consensus on its next move. Many Fed watchers are betting that a shift will not happen until at least the September meeting of the FOMC. \u201cOne of the reasons they are not yet ready to pull the trigger is they need more space to be able to figure out what they\u2019re aiming at,\u201d said Randall Kroszner, a former Fed governor and economist at the University of Chicago. \u201cIn particular, there\u2019s an enormous amount of uncertainty about the virus, about the responses to the virus, whether that\u2019s on the fiscal side or on the health side, and uncertainty about the economic consequences.\u201d<\/em><\/p>\n\n\n\n

\u201cOne of the reasons they are not yet ready to pull the trigger is they need more space to be able to figure out what they\u2019re aiming at,\u201d said Randall Kroszner, a former Fed governor and economist at the University of Chicago. \u201cIn particular, there\u2019s an enormous amount of uncertainty about the virus, about the responses to the virus, whether that\u2019s on the fiscal side or on the health side, and uncertainty about the economic consequences.\u201d<\/em><\/p>\n\n\n\n

…<\/p>\n\n\n\n

Read more at: https:\/\/www.ft.com\/content\/a5491d71-a6ff-4b76-ac38-bb3a45364d30<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Financial Timesby James Politi in Washington and Colby Smith in New YorkJuly 27, 2020 Excerpt: The surge in US coronavirus cases is pushing the Federal Reserve closer to a delicate decision on the best way to deliver more monetary support … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[4743,4754,4787,37,4758,4667],"tags":[4771],"class_list":["post-15742","post","type-post","status-publish","format-standard","hentry","category-kenyabornobama","category-kenyanbornobama","category-cashless-society","category-obama-birth-certificate","category-obama-birther-2020","category-obama-born-in-kenya","tag-donald-trump-2020"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t