The Fed clarifies a few points.
As expected, the first meeting of 2020 was meant to reiterate the FOMC’s view on the economy and provide some clarifications on the actions taken since September to stabilize the interbank market. The committee nanimously decided to keep rate stable.
- The January meeting brought no changes in either the assessment of the economy or in the policy rate
- Powell seized the opportunity to reiterate that the current T-bill purchases aim at a smooth functioning of the interbank market and should end in Q2.
- No details were provided on the policy framework review.
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A FEW POINTS.