Economy

Here’s what changed in the July Fed statement

Posted on Author World News Live Comment(0)


This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting on June 10.

Text removed from the June statement is in red with a horizontal line through the middle.

Text appearing for the first time in the new statement is in red and underlined.

Black text appears in both statements.



Source link

Share on Facebook
Tweet
Follow us
Tagged changed, Fed, Heres, July, Statement
World News Live

Related Articles

Economy

Powell says the Fed doesn’t want to ‘run through the bond market like an elephant’

Posted on Author World News Live

Federal Reserve Chairman Jerome Powell said the central bank’s announced move this week to buy corporate bonds fulfills a pledge it had made earlier but is not an effort to take over the market. “It’s out of an excess of caution to preserve these gains for market function by following through,” Powell said Tuesday during […]

Economy

Gary Cohn says federal government should help cities, hospitals recover

Posted on Author World News Live

The federal government should help cities, states and hospitals recover some of the money lost amid the coronavirus pandemic, President Donald Trump‘s former economic advisor Gary Cohn said Monday. “I’m not trying to help cities and states get back to a solvent financial position, [but] I would like to get hospitals and states back to […]

Economy

Powell says GDP could drop 30%, but he doesn’t see another Depression

Posted on Author World News Live

Federal Reserve Chairman Jerome Powell holds a news conference following a two-day Federal Open Market Committee meeting in Washington, June 19, 2019. Kevin Lamarque | Reuters The U.S. economy could shrink by upwards of 30% in the second quarter but will avoid a Depression-like economic plunge over the longer term, Federal Reserve Chairman Jerome Powell […]