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Posted by: thepinetree on 04/29/2020 02:46 PM Updated by: thepinetree on 04/29/2020 02:48 PM
Expires: 01/01/2025 12:00 AM
:

The Fed Keeps Rates Near Zero, Will Use All Tools in Toolbox on Economy

Washington, DC...The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals.  The coronavirus outbreak is causing tremendous human and economic hardship across the United States and around the world. The virus and the measures taken to protect public health are inducing sharp declines in economic activity and a surge in job losses. Weaker demand and significantly lower oil prices are holding down consumer price inflation. The disruptions to economic activity here and abroad have significantly affected financial conditions and have impaired the flow of credit to U.S. households and businesses.





The ongoing public health crisis will weigh heavily on economic activity, employment, and inflation in the near term, and poses considerable risks to the economic outlook over the medium term. In light of these developments, the Committee decided to maintain the target range for the federal funds rate at 0 to 1/4 percent. The Committee expects to maintain this target range until it is confident that the economy has weathered recent events and is on track to achieve its maximum employment and price stability goals.

The Committee will continue to monitor the implications of incoming information for the economic outlook, including information related to public health, as well as global developments and muted inflation pressures, and will use its tools and act as appropriate to support the economy. In determining the timing and size of future adjustments to the stance of monetary policy, the Committee will assess realized and expected economic conditions relative to its maximum employment objective and its symmetric 2 percent inflation objective. This assessment will take into account a wide range of information, including measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial and international developments.

To support the flow of credit to households and businesses, the Federal Reserve will continue to purchase Treasury securities and agency residential and commercial mortgage-backed securities in the amounts needed to support smooth market functioning, thereby fostering effective transmission of monetary policy to broader financial conditions. In addition, the Open Market Desk will continue to offer large-scale overnight and term repurchase agreement operations. The Committee will closely monitor market conditions and is prepared to adjust its plans as appropriate.

Voting for the monetary policy action were Jerome H. Powell, Chair; John C. Williams, Vice Chair; Michelle W. Bowman; Lael Brainard; Richard H. Clarida; Patrick Harker; Robert S. Kaplan; Neel Kashkari; Loretta J. Mester; and Randal K. Quarles.

Implementation Note issued April 29, 2020


Comments - Make a comment
The comments are owned by the poster. We are not responsible for its content. We value free speech but remember this is a public forum and we hope that people would use common sense and decency. If you see an offensive comment please email us at news@thepinetree.net
Gooood Afternoon WhiteTrash Communities 🤑
Posted on: 2020-04-29 15:03:27   By: Anonymous
 


[Reply ]

    They're playing Russian roulette': As states reopen amid coronavirus, experts warn of risks
    Posted on: 2020-04-29 15:13:33   By: Anonymous
     
    WASHINGTON – Dr. Anthony Fauci is cited most often as the official  Americans rely on for information regarding the coronavirus pandemic, according to a new study.

    The study released Wednesday found Fauci, the director of the National Institute of Allergy and Infectious Diseases, was  chosen by 45% of those surveyed, while participants' "own state's governor" was cited by 35%, and President Donald Trump by 20%.....................

    The study was conducted by the Center for the Digital Future at the USC Annenberg School for Communication and Journalism and the Interactive Advertising Bureau. 

    '

    [Reply ]

      Re: They're playing Russian roulette': As states reopen amid coronavirus, experts warn of risks
      Posted on: 2020-04-29 15:26:59   By: Anonymous
       
      Sleepy Joe Biden is accused of sexual assault but none of the Democrats want to acknowledge the fact that in 1993, a co-worker named Tara Reade, was digitally penetrated with Biden's fingers as he held her up against a wall. She reported the incident and was removed from the office that she shared with Biden and relocated to another area of the Capitol. Biden has never admitted to this assault because the Democrats like Hillary Clinton back him up and refuse to talk about it. Because Sleepy Joe can't get it up anymore and has lost that lovin feeling this will be swept under the carpet like it has for many years.


      [Reply ]

        Re: They're playing Russian roulette': As states reopen amid coronavirus, experts warn of risks
        Posted on: 2020-04-29 16:48:42   By: Anonymous
         
        Pussy Grabbing Joe 2020

        [Reply ]

          Back On Topic
          Posted on: 2020-04-29 17:11:13   By: Anonymous
           
          The Fed is dumping $Billions daily into the stock market, WHY?
          The stock market does not reflect the real economy.
          We left a real economy in the mid 2000's.
          After that and the 2007 bankster caused crash from the destruction of sound banking left from the Depression, the banks did what they do when unregulated, they cause an economic bubble, then it bursts, Why we had Glass Stegal, that was thrown out, 8 years later, the 2007 crash.
          For the Fed to pump incredible amounts of fiat $ (fiat $- $ made by a number added to a balance sheet, out of thin air) which does end up as a deficet- national debt, is insanity.
          We are watching 13 $Trillions thrown to the banks and derivative gamblers , and less than 300 Billion supposedly set aside for small business, so far it has been in the $Millions, not $Billions,
          We are told the Post Office cannot get $300 Billion, a pittance to save it and the valuable part of society it is, but derivative traders can get $Trillions, this is what is wrong with our political system , and has been for decades ever since Reagan handed all economic sanity to the neo liberal economists Milton Friedman and his cherished supply side economics which we are suffering under an economy of, by, for, the $Billionaires, screw the 99%. This must change our political and economic system must represent the 99%, we must force this change. We must say no more, ENOUGH.

          [Reply ]

            Re: Back On Topic
            Posted on: 2020-04-29 19:50:01   By: Anonymous
             
            Russian Troll above ☝️🇷🇺

            [Reply ]

              Re: Back On Topic
              Posted on: 2020-04-29 20:16:47   By: Anonymous
               
              That may be a cute post to some, but the poster above had it absolutely spot on. People would do well to take that post as gospel, it is true, provable, and describes why the middle class is on the edge of poverty.

              [Reply ]

                Re: Back On Topic
                Posted on: 2020-04-30 04:43:01   By: Anonymous
                 
                I agree.

                [Reply ]

        Re: They're playing Russian roulette': As states reopen amid coronavirus, experts warn of risks
        Posted on: 2020-04-29 16:53:52   By: Anonymous
         

        Years after women first came forward to accuse then-presidential candidate Donald Trump of sexual assault or harassment, the issue is once again at the forefront of political discourse after another 26 incidents of "unwanted sexual contact" and 43 instances of inappropriate behaviour were detailed in a new book.

        The book, All the President's Women: Donald Trump and the Making of a Predator, draws on over 100 interviews — many exclusive — and adds to a list of nearly two dozen women who had previously accused him of sexual assault or misconduct.


        The allegations were noted in an excerpt of the book published in Esquire, including a new interview with Karen Johnson, who said she was touched in an unwanted manner by mr Trump at a New Year's Eve:
        "When he says that thing, 'Grab them by the pussy,' that hits me hard because when he grabbed me and pulled me into the tapestry, that's where he grabbed me — he grabbed me there in my front and pulled me in," Ms Johnson said.

        Here’s a roundup of those women who have accused Mr Trump of sexual assault or harassment.

        Alva Johonson, a former Trump campaign staffer, said she had to avoid a kiss from Mr Trump while on a trip to Florida in August of 2016. The White House has denied this most recent accusation, as have some members of the Trump team who say they were present.

        Jessica Leeds, a former traveling salesperson, alleged that Mr Trump grabbed her breasts and tried to put his hand up her skirt while on a first-class flight in the 1980s. Ms Leeds was in her late 30s at the time.

        Ivana Trump, Mr Trump’s first wife, once used the word “rape” to describe an encounter with him. The accusation was made in a 1993 book following a divorce settlement between the two. She has since softened her language, saying that she didn’t mean the word in a “literal or criminal sense."

        Jill Harth, a former business partner of Mr Trump’s, said that Mr Trump forcibly kissed her on the lips, groped her breasts, and grabbed her genitals in what she described in a 1997 as an “attempted rape”. The encounter allegedly occurred at Mr Trump’s Mar-a-Lago estate, in one of his children’s bedroom. She also says that Mr Trump groped her under the table at a dinner with colleagues at the Plaza Hotel.

        Kristen Anderson alleged that Mr Trump put his hand up her skirt and touched her genitals over her underwear at the China Club in Manhattan at some point in the early 1990s when she was in her early 20s. Ms Anderson was an aspiring model at the time.

        Lisa Boyne accused Mr Trump of insisting that female models walk across a table at a New York restaurant in 1996, and then remarking on their underwear and genitalia. She was 25 at the time.

        Cathy Heller says that Mr Trump forcibly kissed her on the lips during a Mother’s Day brunch at mar-a-Lago in 1997.

        Temple Taggart, a former Miss Utah, alleged that Mr Trump forcibly kissed her on the mouth on two different occasions. The first incident was the first time that they met. The incidents occurred at the 1997 Miss USA pageant event, and in Trump Tower.

        Mariah Billado, a former Miss Vermont Teen USA, has alleged that says that Mr Trump walked into a dressing room unannounced in 1997. She said that there were several teen beauty queens aged between 15 and 19 in the room naked at the time.

        Karena Virginia alleged that Mr Trump grabbed her arm and touched her breast while she was waiting for a car after the US Open.

        Bridget Sullivan, a former Miss New Hampshire, alleged that Mr Trump walked into the Miss USA pageant dressing room in 2000 while contestants were naked. She was 19 at the time.

        Tasha Dixon, a former Miss Arizona, alleged that Mr Trump entered dressing rooms at the Miss USA pageant in 2001 while contestants were “half-naked”.

        Melinda Macgillivray alleged that Mr Trump grabbed her buttock in a pavilion behind the main house of his Mar-a-Lago estate in 2003. They were in the middle of a group of people, she said, and it was during a concert performed by Ray Charles.

        Jennifer Murphy said that Mr Trump forcibly kissed her after a job interview in 2005. She was 26 at the time.

        Rachel Cooks alleged that Mr Trump kissed her forcibly on the lips outside the elevator in Trump Tower in 2005. She was 22 at the time.

        Natasha Stoynoff alleged that Mr Trump pushed her against a wall and forcibly kissed her in a closed-door room in his Mar-a-Lago estate in 2005. Ms Stoynoff, a writer for PEOPLE magazine, was there to interview Mr Trump.

        Ninni Laaksonen alleged that Mr Trump grabbed her buttocks while taking photos outside the Ed Sullivan Theater, and before Mr Trump appeared on the Late Show with David Letterman. Ms Laaksonen was 20 at the time, in 2006.

        Jessica Drake alleged that Mr Trump forcibly kissed her and two female friends in 2006, when she was 32. When she pushed him away, she said that he asked her: “How much?”


        Samantha Holvey, a former Miss North Carolina, alleged that Mr Trump treated women like “meat” and would barge into dressing rooms to inspect women. She said the incidents occurred in 2006, when she was 20.

        Summer Zervos alleged that Mr Trump grabbed her by her shoulders and forcibly kissed her, and groped her breasts, while she was a contestant on The Apprentice in 2007. She said the incidents took place at Trump Tower in New York, and at a hotel in Los Angeles.

        Cassandra Searles, a former Miss Washington, said that Mr Trump grabbed her buttocks repeatedly in 2013 during the Miss USA pageant in 2013. She said that he also invited her to his hotel room.

        Karen Johnson, who said Mr Trump pulled her into a tapestry by her crotch at a New Year's Eve party in the early 2000s.

        The White House and Mr Trump have denied the allegations. During a 2017 press briefing, White House Press Secretary Sarah Huckabee Sanders said that the West Wing's official position is that the women accusing Mr Trump of sexual assault or harassment are lying. Mr Trump has also suggested that the women who have come forward accusing him were not attractive enough for him to sexually assault them.



        [Reply ]

          Re: They're playing Russian roulette': As states reopen amid coronavirus, experts warn of risks
          Posted on: 2020-04-29 17:36:58   By: Anonymous
           
          FAKE NEWS! KEEP AMERICA GREAT! TRUMP 2020!

          [Reply ]

            Re: They're playing Russian roulette': As states reopen amid coronavirus, experts warn of risks
            Posted on: 2020-04-29 20:18:32   By: Anonymous
             
            60,000 Americans dead in two months, the economy headed into the biggest depression since the 30s, 26 million newly unemployed. That's all REAL!

            And you think that's great? You're a REAL idiot if you do.

            [Reply ]

            Re: They're playing Russian roulette': As states reopen amid coronavirus, experts warn of risks
            Posted on: 2020-04-29 20:19:12   By: Anonymous
             
            Stupid Lyin’ Halfwit, maggots must ain’t your brain.

            [Reply ]

              Re: They're playing Russian roulette': As states reopen amid coronavirus, experts warn of risks
              Posted on: 2020-04-29 20:20:20   By: Anonymous
               
              Ate his brain.

              [Reply ]

      Re: They're playing Russian roulette': As states reopen amid coronavirus, experts warn of risks
      Posted on: 2020-04-29 17:39:14   By: Anonymous
       
      Trump just blew up at his campaign chairman and threatened to sue him over the fact that his poll numbers are down, apparently because of many's perception of Trump's initially poor response to the pandemic. The man is imploding.

      [Reply ]

        Re: They're playing Russian roulette': As states reopen amid coronavirus, experts warn of risks
        Posted on: 2020-04-30 04:49:12   By: Anonymous
         
        Yep..... a grown man acting like a 4 year old.

        That's always an attractive look.

        It's even more badass if he's your president.

        Jeeze.....really?

        [Reply ]

    Re: Gooood Afternoon WhiteTrash Communities 🤑
    Posted on: 2020-04-29 17:11:36   By: Anonymous
     
    You caused the Coronavirus didn't you, you Crazy Racist Asian Injun.

    https://youtu.be/sckSb2-4vp8

    [Reply ]

      Re: Gooood Afternoon WhiteTrash Communities 🤑
      Posted on: 2020-04-29 18:44:10   By: Anonymous
       
      🇷🇺👆Russian Troll Above

      [Reply ]

No Subject
Posted on: 2020-04-29 17:34:43   By: Anonymous
 
Yes, God forbid that we should call it a recession and people think the economy is anything but "robust."

[Reply ]

    Re:
    Posted on: 2020-04-29 18:21:00   By: Anonymous
     
    Joe redefines quickly squeaky clean. Dirty man, dirty administration. HYPOCRITS

    [Reply ]

      Re:
      Posted on: 2020-04-29 18:43:38   By: Anonymous
       
      🇷🇺👆Russian Troll Above

      [Reply ]

      Re:
      Posted on: 2020-04-30 04:53:20   By: Anonymous
       
      I thought your leader Trump instructed all of you to inject Clorox. But, you're still around. Hypocrite yourself!

      [Reply ]


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