Board of Governors of the Federal Reserve System

from the strains during the financial crisis, and the Manager reported...buying a cumulative amount of $175 billion by the end of the first quarter

from an adverse shock. The reduced scope to cut the interest rate could...from financial asset holdings or from business ownership.12 Second, to

from businesses rebuilding their depleted inventories. Economic growth...from inventory building and fiscal stimulus diminished and as Europe's

from 3.9 percent at the end of 2018 to 3.5 percent in December, and the...from particularly low readings in the monthly price data in the early

from the Social Science Research Network electronic library at www.ssrn.com...from trade, and we revisit the “China Shock” through the lens of our model

from the TALF out of concern about potential future changes in government...buy direct debt obligations of the federal housing agencies and agency-guaranteed

from the prosaic, like reducing the monotony of writing routine memos,...from the U.S. Postal Service using AI to read your handwriting. Some of

from the perspective of their own organizations or society. If the damage...from the money market fund sector, where even small increases in a money

from having zero employees--which accounts for a very large share of small...from both larger banks and, in recent years, alternative lenders. Large

from central bankers.1 I will begin with a few words on the U.S. economic...from where it was a year earlier, at 3.2 percent. This minimal further