November 5, 2020

THE FED REMAINS SILENT ON CHANGES TO QE AND CALLS FOR FURTHER FISCAL STIMULUS

Share on facebook
Share on twitter
Share on linkedin
Share on email

In Short

As widely expected, the November meeting was rather uneventful: chair Powell seized the opportunity to reiterate the strong forward guidance on rates illustrated in September and to reassure on the capability of unorthodox measures to cushion a possible downturn of the economy.
THE FED REMAINS SILENT ON CHANGES TO QE AND CALLS FOR FURTHER FISCAL STIMULUS
Share on facebook
Share on twitter
Share on linkedin
Share on email

Highlights:

  • Chair Powell underlined the progress the economy has made so far but stressed the downside risks related to Covid.
  • The Fed is not out of ammunition, but lost income due to the crisis can only be restored by fiscal policy, he reiterated.
  • FOMC members have discussed on how to improve QE should the economy require additional momentary stimulus. Details may be disclosed at the December meeting.
  • Starting from December, the information on the FOMC economic thinking will be enhanced, with more details on the balance of risks around the outlook.

Download the full publication below

THE FED REMAINS SILENT ON CHANGES TO QE AND CALLS FOR FURTHER FISCAL STIMULUS
November 5th, 2020

Also interesting

brainstorming-concepts
June 23, 2021
Press Releases

Aperture Investors and Sycomore AM Funds now available through Volksbank

Picture1
00:07:08
June 22, 2021
Podcast

The Spotlight ǀ Powering progress: Luca Fasan presents the new Sycomore Global Education Fund

Picture1
June 22, 2021
Active Equity

Powering progress: the Sycomore Global Education Fund