Federal Reserve officials say their monetary policy is likely to stay appropriate “for a time” despite what they see as persistent downside risks.
Federal Reserve officials said their monetary policy was likely to stay appropriate “for a time” despite what they saw as persistent downside risks.
Participants saw sustained economic expansion, labor market strength and inflation near their 2% goal as the most likely outcomes, in part because of their monetary policy support. A number said the economy was showing resilience amid global headwinds.Fed officials worried that inflation continued to fall short of their 2% target, the minutes said.
The Fed provided $256 billion of temporary liquidity via open market repurchase operations over the end of the year to avoid a cash crunch. The final operation of 2019 saw just $25.6 billion pumped into the system, compared with a maximum available offering of $150 billion. It plans repurchase operations through January.
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The Fed Has Quietly Started QE4I am a financial writer, publisher, and New York Times bestselling-author. Each week, nearly a million readers around the world receive my Thoughts From the Frontline free investment newsletter. \n\nMy most recent book is Code Red: How to Protect Your Savings from the Coming Crisis. I appear regularly on CNBC and Bloomberg TV. I’m also Chairman of Mauldin Economics, a research group that provides monthly analysis and recommendations to thousands of readers around the world.\n\nI was previously CEO of the American Bureau of Economic Research. Today I am President of the investment advisory firm Millennium Wave Advisors, LLC. I am also president and registered principal of Millennium Wave Securities, LLC a FINRA and SIPC registered broker dealer.\n\nWhen I’m not traveling to speak at conferences and events, I live in Dallas, TX. I’m also the proud father of seven children.
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