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Opening Statement Continues, Mostly Repeats Prior Language

FED

Opening statement continues:


  • Says "The recent rise in new COVID cases, both here in the United States and abroad, is particularly concerning."
  • Reiterates avg inflation targeting / fwd guidance language, as well as statement language on rates / asset purchases.
  • Says that at this meeting they discussed asset purchases, notes they have "materially eased financial conditions" and will assess how ongoing asset purchases can bet support dual mandate.
  • Repeats previous language on 13-3 lending programs.

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