The group said Judy Shelton was ‘incapable’ of leaving politics at the door.
Core inflation rose 0.6% last month, the largest gain since January 1991, as the disinflationary impact of the coronavirus continued to wear off.
The regulator is seeking to “ensure large banks remain resilient despite the economic uncertainty" from the coronavirus pandemic.
About 13% of adults reported that they lost a job or were furloughed in March or the beginning of April this year.
The coronavirus crisis drove consumer prices into "a disinflationary shock" last month despite government efforts to stimulate the economy.
“Terrifyingly high unemployment and potentially rapid disinflation are powerful arguments in favor."
The Fed's latest moves in response to the coronavirus crisis take it "well beyond the lender-of-last-resort functions it played" during the Great Recession.
But downside risks to growth remain high as the spread of the coronavirus and duration of lockdowns remain “highly uncertain."
The new FIMA Repo Facility is the Fed's latest move to relieve stresses in financial markets resulting from the coronavirus crisis.
The Fed is reducing its focus on exams to “minimize disruption and burden" on banks during the coronavirus crisis.
“We are now in QE infinity, again,” a CIO says after the Fed announced unlimited asset purchases in response to the coronavirus crisis.
The Fed will offer a liquidity backstop to ease funding pressures on large corporations amid the coronavirus outbreak.
