About: http://data.cimple.eu/news-article/07b87f94b2c3299da38a0dee0a765ba7d652491e287fe27cba51dff5

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rdf:type	schema:NewsArticle
schema:articleBody	The Federal Reserve could expand debt purchases, a key tool it has deployed to help the US economy recover from the Covid-19 pandemic, Vice Chair Richard Clarida said on Monday. The Fed already cut its benchmark lending rate to zero in March at the start of the Covid-19 pandemic, and has pledged to keep it there until inflation and employment recover. But Clarida signaled the central bank is willing to ramp up purchases of bonds -- Treasury debt and mortgage-backed securities -- to help support economic growth. The Fed "is committed to using all of our available tools -- not just the federal funds rate and forward guidance, but also large-scale asset purchases" to achieve the goals, he said in a speech to the Brookings Institution. Policymakers discussed the bond buying plan at their latest meeting earlier this month noting "the critical role they are playing in supporting the economic recovery," he said. The Fed's bond purchases total about $120 billion a month, adding to the central bank's already massive debt holdings, which were built up in the wake of the 2008 global financial crisis to stabilize the teetering US financial system. Clarida said the continued purchases keep funds in the financial system, which means households and businesses have access to credit. hs/cs
schema:headline	Fed official signals willingness to increase debt purchases
schema:mentions	Federal Reserve Inflation Pandemic Coronavirus disease 2019 Federal funds rate Richard Clarida Mortgage-backed security Brookings Institution Critical Role Financial crisis of 2007–2008
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-11-16 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	93 (xsd:integer)

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