FOMC (Federal Open Market Committee) Chair Powell’s Press Conference July 28, 2021

A very interesting meeting, and the press conference identified some salient points:

  • worldwide shortage of semiconductors has sharply curtailed production so far this year.
  • in addition, The US Fed are continuing to increase their holdings of Treasury securities by at least $80 billion per month and of agency MBS by at least $40 billion per month

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