The U.S. Federal Reserve Bank gears up to taper its huge asset purchases as investors are scanning the market before and after signals of how effectively the central bank can tighten the U. S. monetary policy to deal with stubbornly high inflation.Fed policymakers are expected to give the green light …
Read More »Fed’s Clarida: Taper Conditions Have All But Been Met
The U.S. isn’t headed for the kind of “stagflation” that developed in the 1970s, when unemployment and inflation rose in tandem, Federal Reserve Vice Chair Richard Clarida said.“I actually lived through, as a college student, the ‘Great Stagflation’ of the 70s, and I think there are a lot of differences,” …
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