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Gustavo Suarez

Deputy Associate Director, Program Direction Section · Federal Reserve Board

Deputy Associate Director, Program Direction Section, in the Federal Reserve Board's research division since 2024. His research covers monetary policy and financial markets, short-term credit markets, corporate finance and banking.

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Published Journal of Money, Credit and Banking Online 24 Jun 2025 Published Aug 2026

Nonmonetary News in Fed Announcements: Evidence from the Corporate Bond Market

Michael Smolyansky · Gustavo Suarez

When the Federal Reserve unexpectedly tightens policy, do riskier assets fall relative to safer ones (the standard prediction), or do investors read tightening as a signal that fundamentals are …

Monetary Policy Financial Markets Expectations Free Read ↗