Tag Archives: Federal Reserve

The President of the Federal Reserve Bank of Atlanta, Raphael Bostic, said on Thursday that the U.S. economy is in a battle to achieve recovery in the job market, expecting full employment next year. Bostic also expects the Fed will raise interest rates by 2023. As for inflation, he noted …

The United States economy could by achieving the targets set by the Federal Reserve by 2024, the President of the Federal Reserve Bank of Chicago, Charles Evans, said on Thursday. Although Evans expects the unemployment rate to reach 4.5% this year, achieving substantial progress towards full employment, and inflation to …

The United States Federal Reserve will maintain its current policies until the economy recovers from the Coronavirus (COVID-19) pandemic, said the Fed Vice Chair Richard Clarida, Reuters reported. The Fed’s easing policies “are providing powerful support to the economy and will continue to do so as the recovery progresses.” “It …

The United States could see strong economic growth for a number of years, supported by consumers spending excess savings that made during the pandemic, President of the Federal Reserve of Richmond Tom Barkin told Reuters. Barkin reportedly refused to discuss in more detail his expectations for interest rates and bond …

President of the Federal Reserve Bank of New York, John Williams, said on Wednesday that the pace of economic recovery would determine when the Fed could begin raising interest rates. Wide distribution of vaccines, containing the virus, and strong economic growth could lead the U.S. Federal Reserve to pull back …

President of the Federal Reserve Bank of Atlanta, Raphael Bostic, said that although huge stimulus spending and easing monetary policies could lead to a rise in consumer prices, he does not expect a surge in inflation similar to what the United States witnessed in the 1970. “There is a lot …

The recently passed $1.9 trillion relief package is not expected to result in an undesirable rise in inflation rates in the United States, the Chairman of the U.S. Federal Reserve, Jerome Powell, said on Monday. Powell also said that the central bank is ready to deal with a surge in …

The President of the Federal Reserve Bank of Dallas, Robert Kaplan, supports raising interest rates by the end of next year. Kaplan does not see a problematic surge in inflation soon. However, he expects economic recovery to lead to the reduction of the easing measures and looks forward to normalizing …

President of the Federal Reserve Bank of Richmond, Thomas Barkin, said that the United States economy is close to completing the recovery despite the lingering of some risk factors. “Vaccines are rolling out, and case rates and hospitalizations are falling. Excess savings and fiscal stimulus should help fund pent-up demand …

Cryptocurrencies are speculative assets and an unstable store of value, said the Chairman of the United States Federal Reserve, Jerome Powell, on Monday, noting that the Fed is not in a hurry to introduce its own digital currency, CNBC reported. “They’re highly volatile and therefore not really useful stores of …