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The target rate remained at 5.25% for over a year, until the Federal Reserve began lowering rates in September 2007. The last cycle of easing monetary policy through the rate was conducted from September 2007 to December 2008 as the target rate fell from 5.25% to a range of 0.00–0.25%.
Each report is a gathering of "anecdotal information on current economic conditions" by each Federal Reserve Bank in its district from "Bank and Branch directors and interviews with key business contacts, economists, market experts, and other sources." [3] It is called the Beige Book because its cover is colored beige.
Austan Goolsbee is the current president of the Chicago Fed. He took office on January 9, 2023, as the tenth president and chief executive officer of the Federal Reserve Bank of Chicago. [4] [5] Ellen Bromagen is first vice president and chief operating officer of the Chicago Fed. [6] Anna Paulson is Executive Vice President and Director of ...
Chicago Fed President Austan Goolsbee said Monday that three rate cuts in 2024 are "in line with my thinking," and that the fundamental story about falling inflation has not changed despite hotter ...
The Fed chose to hold rates steady on Jan. 31, which marked the fourth straight rate-setting meeting that it left rates untouched. Rates stand at a 22-year high, and the Fed is expected to start ...
“The Fed’s narrative is going to be very similar to what we’ve been hearing: ‘We’ve made progress bringing down inflation; we’re not in a hurry to cut rates,’ ” said Nathan Sheets ...
Charles L. Evans (born January 15, 1958) is the former ninth president and chief executive officer of the Federal Reserve Bank of Chicago, serving from 2007 to 2023. [1] In that capacity, he served on the Federal Open Market Committee (FOMC), the Federal Reserve System 's monetary policy-making body.
Boston Fed President Susan Collins said she did not see a big urgency to lower rates but did not rule out another rate cut at the Fed's next meeting on Dec. 17-18. "I certainly wouldn’t take ...