The region experienced a deep and rapid downturn, which was more severe than the nation, and is still struggling to make up the ground that was lost. https://t.co/RtpzQ0mQn5
New York Fed Wed 02 Dec 2020 18:16

RT @BrandeeBickle: Happening now: @NewYorkFed impressive panel of industry leaders sharing insight on cognitive process & risk/outcomes h…
New York Fed Wed 02 Dec 2020 15:06

"You build psychological trust the moment you ask questions." - Mirea Raaijmakers, Global Head of Behavioral Risk, @ING_news https://t.co/t3n2wYAQzX
New York Fed Wed 02 Dec 2020 15:06

"Acknowledging stress in this environment is important to building trust." - Margaret Richardson, Head of Trust and Safety, @Apple https://t.co/eLcTPxRtf5
New York Fed Wed 02 Dec 2020 15:01

"The pandemic has increasingly shown soft skills are important in leadership." - Holly Ridings, Chief Flight Director, @NASA’s Johnson Space Center https://t.co/ch4acbiHKQ
New York Fed Wed 02 Dec 2020 14:51

"Part of safety and trust is people being candid about their limits." - Elizabeth Johnson, Executive Director and Senior Fellow, @Wharton Neuroscience Initiative on building trust in a global, virtual world https://t.co/FeBiC5HeGc
New York Fed Wed 02 Dec 2020 14:46

Eye contact helps establish trust according to Elizabeth Johnson, Executive Director and Senior Fellow, @Wharton Neuroscience Initiative https://t.co/P75XEw5DHF
New York Fed Wed 02 Dec 2020 14:31

Having a common goal as team is crucial for building trust according to Holly Ridings, Chief Flight Director, @NASA’s Johnson Space Center https://t.co/FlIXQc56n4
New York Fed Wed 02 Dec 2020 14:21

"In banking, we need to challenge each other...trust is crucial for sound decision-making in banks." - Mirea Raaijmakers, Global Head of Behavioral Risk, @ING_news https://t.co/TQsKCksSpD
New York Fed Wed 02 Dec 2020 14:16

"With no trust there is no innovation." - John C. Williams, President and CEO, Federal Reserve Bank of New York https://t.co/wwZWCvAWqL
New York Fed Wed 02 Dec 2020 14:11

RT @NewYorkFed: A Return to Operating with Abundant Reserves Remarks by Lorie K. Logan, EVP, Markets, before the Money Marketeers of New Yo…
New York Fed Wed 02 Dec 2020 00:45

I have been pleased that the FOMC’s implementation framework was able to support actions taken to address the pandemic, by smoothly accommodating a shift to much higher reserve levels. -Lorie Logan
New York Fed Tue 01 Dec 2020 20:25

Going forward, it seems likely that some of the factors that have been supporting rates this year—the increase in the TGA, highly elevated bill issuance, and domestic banks’ apparent comfort with reserve growth to date—will moderate or reverse. -Lorie Logan
New York Fed Tue 01 Dec 2020 20:25

Reserves over the near term seem likely to continue to grow, albeit at a slower pace than during the spring of this year. The degree and rate of growth will depend, in large part, on the path of asset purchases that the FOMC chooses. -Lorie Logan
New York Fed Tue 01 Dec 2020 20:20

Growth in the TGA, currency, and other non-reserve liabilities has muted the growth in reserves since March; reserve balances would have been about $1.6T higher had these other liabilities remained unchanged. -Lorie Logan
New York Fed Tue 01 Dec 2020 20:20

The TGA (Treasury General Account) has risen dramatically since March, as @Treasury built cash balances to prepare for potentially unprecedented outflows related to the pandemic response... [It] stands at roughly $1.5T, nearly 4x its largest size prior to this year. -Lorie Logan
New York Fed Tue 01 Dec 2020 20:15

Reserves in the banking system grew rapidly during the spring, and have reached a level of over $3 trillion, exceeding the prior peak in reserves, which occurred in 2014. -Lorie Logan https://t.co/O16t3O4XGU
New York Fed Tue 01 Dec 2020 20:15

The Federal Reserve’s balance sheet grew at a historic pace between March and June of this year as a result of the FOMC’s critical actions to support market functioning and the flow of credit to the U.S. economy. -Lorie Logan https://t.co/YmJ3kOqbJ9
New York Fed Tue 01 Dec 2020 20:10

Although the pandemic shock itself was unprecedented, the responses that it required—a rapid increase in assets and expansion of liquidity—were the type of actions the FOMC contemplated when choosing an ample reserves regime. -Lorie Logan
New York Fed Tue 01 Dec 2020 20:10

In March, the global financial system experienced an extraordinary shock, triggered by the coronavirus pandemic & our focus shifted rapidly. [We] took swift & decisive action to address shift in the economic outlook & deteriorating conditions in financial markets. -Lorie Logan
New York Fed Tue 01 Dec 2020 20:10

The wage index points to a noticeable increase in wages according the November Business Leaders Survey. https://t.co/GFbxt2jDjG
New York Fed Mon 30 Nov 2020 22:19

US and UK regulators, and #LIBOR’s administrator, today announced a proposal and supervisory statements that would enable a clear end date for USD LIBOR and would promote safety and soundness of the financial system. #LIBORsTickingClock
New York Fed Mon 30 Nov 2020 15:04

This lasted until 2018:Q4 when weaker demand lowered prices.
New York Fed Mon 23 Nov 2020 20:22

Overall, between 2014 and 2017, both lower global demand expectations and higher anticipated supply held oil prices down. Since mid-2017, this trend reversed as stronger demand expectations and stabilizing anticipated supply drove oil prices higher.
New York Fed Mon 23 Nov 2020 20:22

In 2020:Q1, oil prices plummeted owing to decreased demand and increased supply, whereas in 2020:Q2, oil prices rose owing to increased demand. Oil prices rose in 2019 due to increasing demand expectations.
New York Fed Mon 23 Nov 2020 20:22