President of the Federal Reserve Bank of Dallas Robert Kaplan said on Friday that he will support reducing the current level of support to the economy soon. “You don’t want to be preemptive, but I also don’t want to be so reactive that we are late.” Kaplan believes that as …
Read More »Fed’s Bullard Calls for Maintaining Policies Until Pandemic is Over
The United States Federal Reserve should not pull back its easing policies until the coronavirus pandemic is fully over, according to the President of the Federal Reserve Bank of St. Louis Fed, James Bullard. “We have to get the pandemic behind us first,” “There are still risks and things could …
Read More »Powell Expects Temporary Rise in Prices
The United States Federal Reserve does not plan to reduce the current measurements to support the American economy, Chairman Jerome Powell said on Thursday during the International Monetary Fund and World Bank spring meetings. Powel expects the rise in inflation this year to be temporary, noting that the recovery depends …
Read More »Minutes Show Fed Maintains Policy with Possible Changes Sooner than Expected
The United States Federal Reserve Board remains committed to supporting the economy until it completes the recovery but it is still concerned about the risks resulting from the coronavirus pandemic, according to the minutes of its most recent meeting. Members of the Federal Open Market Committee (FOMC) agreed that the …
Read More »Fed’s Evans Welcomes 3% Inflation Rate
President of the Federal Reserve Bank of Chicago, Charles Evans, on Wednesday expressed a positive sentiment towards a stronger economic growth in 2021. “I am optimistic that the economy is poised for strong growth later this year.” Evans said the U.S. Federal Reserve must witness sustainable progress in achieving its …
Read More »Fed’s Kaplan Supports Policies Changes after Pandemic
President of the Federal Reserve of Dallas said on Wednesday that the Fed should start pulling back from its monetary easing policies shortly after the end of the Coronavirus pandemic, which could spur strong growth, Reuters reported. The U.S. Federal Reserve should then start by tapering the pace of its …
Read More »Fed’s Mester Expects Strong Recovery in H2
President of the Federal Reserve Bank of Cleveland, Loretta Mester, said on Monday that the outlook for the U.S. is improving, expecting the Fed to keep its current policies to support economic growth. “I’m thinking that we’ll see a very strong second half of the year, but we are still …
Read More »Fed’s Williams Optimistic about Economic Recovery
As more Americans are vaccinated and households and businesses from fiscal support, there are reasons to be optimistic about the U.S. economy President of the Federal Reserve Bank of New York, John Williams, said on Tuesday that he is optimistic for the United States economy as more people are vaccinated …
Read More »Fed’s Bostic Expects Millions of Job Opportunities in Coming Months
President of the Federal Reserve Bank of Atlanta, Raphael Bostic, said on Tuesday that he expects millions of Americans will be rehired in the next summer as the economy recovers from the negative impact of the Coronavirus pandemic. “We could see a burst of activity and performance coming into the …
Read More »Fed’s Waller: No Plans to Raise Interest to Finance Deficit
The United States Federal Reserve remains a long way from raising interest rates, said the Fed Governor Christopher Waller, in his first speech on Monday. Waller, who joined the Fed’s board of governors in December, said that the central bank does not plan to increase interest rates or the expand …
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