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Essentials of Monetary Policy

Federal Reserve (Fed). The Fed Is Determined to Do Its Utmost to Promote the Recovery

July 29, 2020
François Dupuis • Mathieu D’Anjou • Francis Généreux • Hendrix Vachon

As most observers had anticipated, the Fed did not announce a change to its monetary policy today. However, it remains very concerned about the economic and public health situation, and it signalled that it will continue to use all the tools at its disposal to support the U.S. economy. Just yesterday, the Fed announced that it would be extending several lending facilities until the end of the year.