3 See Board of Governors of the Federal Reserve System (2020), Fed Listens: Perspectives from the Public (Washington: Board of Governors, June), https://www.federalreserve.gov/publications/files/fedlistensreport-20200612.pdf. 1  -2Monetary Policy Framework Two years ago, the Federal Reserve began an in-depth review of its monetary policy framework.
The widest spreads were recorded in Russia (52 bps); Argentina (42 bps); Venezuela and Ukraine (30 bps) and China (28 bps). South Africa and Poland registered the smallest movements with their spreads over US Treasuries widening by some 5bps.