Tag Archives: Federal Reserve

Minutes of the Federal Open Market Committee (FOMC) June meeting showed participants focused on data showing lower employment growth and higher inflation readings than had been expected. The median expectation is that the Federal Reserve will begin tapering its asset purchases in the first quarter (Q1) of 2022, before ending …

The President of the Federal Reserve Bank of San Francisco, Mary Daly, expects the Federal Reserve will begin tapering before the end of 2021, since the economy is really shaping up nicely. Speaking to the Associated Press on Friday, Daily said that “it is appropriate to consider tapering asset purchases …

President of the Federal Reserve Bank of Dallas, Robert Kaplan, hopes tapering could begin soon, telling Bloomberg on Wednesday that the reducing asset purchases will be smooth and not shock the market. “I want it to get out into the market, and I think this debate we’re having at the …

Federal Reserve Bank of Richmond President Thomas Barkin believes the Fed has achieved substantial further progress toward its inflation target, signaling his view that tapering asset purchases should begin soon. “It’s pretty clear to me we have had substantial further progress against our inflation goal.” Barkin also explained that he …

President of the Federal Reserve Bank of Boston, Eric Rosengren, expects the Fed’s substantial further progress towards achieving targets will likely be met prior to the beginning of next year, prompting reducing asset purchases. Accordingly, the Fed’s conditions for raising interest rates could be met around the end of 2022, …

President of the Federal Reserve Bank of Minneapolis, Neel Kashkari, on Friday expected inflationary pressures to ease and the return of 7-10 million Americans to the labor market. Kashkari was speaking to a virtual even in the Minneapolis Council, saying that the increase in consumer prices is happening as the …

Inflationary pressures in the United States are temporary but monetary policymakers must be careful in closely monitoring consumer prices, the President of the Federal Reserve Bank of Richmond, Thomas Barkin, said on Thursday. “I do believe we are in the middle of a temporary adjustment cycle during which workers will …

Cleveland Federal Reserve President Loretta Mester said on Tuesday that she is not yet thinking about adjusting monetary policy and added that she’d like to see further progress on employment, as reported by Reuters. “When the time comes, the Fed should start with the tapering model used after last recession and …

The United States is seeing increased expectations that the recent surge in inflation might be as temporary or transitory as currently expected. The President of the Federal Reserve Bank of Atlanta, Raphael Bostic, believes that raising interest rates could take place next year, given the upside surprise in recent data …

The Chairman of the U.S. Federal Reserve, Jerome Powell, told lawmakers on Tuesday that the economy has achieved progress on its way to recovery from the Coronavirus crisis. The most anticipated message was about the Fed’s reaction to the surge in inflation, which as expected with Powell indicating to the …