Board of Governors of the Federal Reserve System

Record of Meeting Federal Advisory Council and Board of Governors Thursday, February 9, 2023 Item 1: Economic Activity What trends in business activity

bonds declined to historically low levels along with those on comparable-maturity...bonds were both little changed, while those for speculative-grade bonds

bonds and was little changed on net for speculative-grade bonds. Overall...bonds outstanding - for investment- and speculative-grade bonds combined

Bonds corp Bonds Perp NDF SWAPS, check FUTURES CFD, check Bonds supra,...EMISSIONS,CHECK BASKET. Swaps flow, complex SWAPTIONS N-th TO DEFAULT

emissions from production of paper money. It would also be an effective

bonds, particularly bonds in the energy sector where falling oil prices...bonds. In addition, dealers' inventories of corporate bonds held fairly

bonds, on net, increased relative to Q3, they stood near historically ...bonds outstanding. 4 "Corporate and foreign bonds," as defined in the

bonds rose along with those on comparable-maturity Treasury securities...bonds outstanding —for both investment- and speculative-grade bonds fluctuated

bonds rose substantially since the time of the last report, following ...bonds - changed little, on net, from their levels in the first quarter

For release on delivery 10:30 a.m. EST February 27, 2023 Recent Inflation and the Dual Mandate Remarks by Philip N. Jefferson Member Board of Governors