Board of Governors of the Federal Reserve System

fbr-anti-bribery-and-anti-corruption-policy-feb-2020.pdf Date: Friday,...fbr-anti-bribery-and-anti-corruption-policy-feb-2020.pdf NONCONFIDENTIAL

and the civilian unemployment rate was unchanged at 7.5 percent. Consumer...yields on Treasury securities fell about 1/4 percentage point over the

Treasury under Treasury’s Capital Purchase Program. - 1 - FEDERAL RESERVE

policy easing and generally weak economic data tended to reduce bond yields...concerns about the fiscal outlook and increased uncertainty--perhaps arising

concern was expressed over the size of the Federal deficit, most were ...policy should "keep pushing on the string." None shared the concern, which

and I think that's been done--it's very, very [probable]. So I would say

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fiscal policy, and the increment to real purchasing power resulting from...policy provisions similar to those in our fiscal package were still in

Treasuries backed up rather considerably. These are measured in hundreds...yield and one for investment grade, over Treasuries since September 30

and, against the background of persistent weakness abroad, exacerbated...concerns about the outlook for global growth. These growth concerns, along