31Aug
Financial Daily Dose 8.28.2020 | Top Story: In Major Policy Shift, Fed Embraces Inflation to Keep Rates Low
In hotly anticipated comments on Thursday—and yes, such a designation applies to a speech on monetary policy—Federal Reserve Chair Jay Powell “announced a major shift in how the central bank guides the economy, signaling it will make job growth pre-eminent and will not raise interest rates to guard against coming inflation just because the unemployment rate is low.” The new plan forward comes after an almost-2-year review of the Fed’s monetary policy strategy....
By:
Robins Kaplan LLP
Source Url: https://www.jdsupra.com/legalnews/financial-daily-dose-8-28-2020-top-72498/
Related
California AB 51’s ban on mandatory employment arbitration remains stayed for now. AB 51 was passed...
Read More >
Seyfarth Synopsis: The temperature may be heating up in the nation’s capital, but Immigration and C...
Read More >
With many NYC construction projects deemed non-essential, owners find themselves with partially comp...
Read More >
A California federal court has granted a preliminary injunction blocking enforcement of Assembly Bil...
Read More >
Earlier this year, the New York City Commission on Human Rights published robust model policies for ...
Read More >
Key Takeaways - On July 28, 2020, the U.S. Treasury Department, as chair of the Committee on Foreig...
Read More >