May 05, 2020
The Fed and ECB stand pat – what’s next?
Rob Waldner. Chief Strategist. Head of Macro Research, Invesco Fixed Income
The US Federal Reserve (Fed) did not change its policy rate or its path in last week’s Federal Open Market Committee meeting. Nor did it introduce new asset purchase or credit easing programs. The Fed has already done a lot and done it quickly over the past month, and the focus is now on implementation, working out details and explaining them to the public. The Fed’s current quantitative easing (QE) program is focused on market functioning, which has been largely effective.
