Differences Between Previous and Current FOMC Statements

Posted To: MBS Commentary

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. TheFollowing virussharp declines, economic activity and theemployment measureshave takenpicked toup protectsomewhat publicin healthrecent havemonths inducedbut sharpremain declineswell inbelow economictheir activitylevels andat athe surgebeginning inof jobthe lossesyear. Weaker demand and significantly lower oil prices are holding down consumer price inflation. FinancialOverall financial conditions have improved in recent months, in part reflecting policy measures to support the economy…(read more)

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