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U.S. Treasury Securities Yield Curve, Mar. 2020-Jan. 2021 (%)

U.S. Treasury Securities Yield Curve, Mar. 2020-Jan. 2021 (%)

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The Federal Open Market Committee (FOMC) meeting on January 26-27 is likely to signal that the current monetary policy stance is appropriate and will remain unchanged for the forcible future. The economy will continue to need strong government support this year, with monetary policy being an appropriate lever for this response. An economic slowdown...

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... aim is to keep interest rates low ( Figure 9). This policy has enabled interest payments to account for a declining share of the government's current expenditures ( Figure 10). Conclusion. ...

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