Tag Archives: Federal Reserve

The President of the Federal Reserve Bank of Richmond, Thomas Barkin, on Wednesday expressed his optimism regarding the recovery of the American economy this year amid the rollout of Coronavirus vaccines. During the first third of 2021, the U.S. economy will continue to be challenged by the pandemic, which requires …

The President of the Federal Reserve Bank of Boston, Eric Rosengren, said on Wednesday that it is unlikely for the inflation rate in the United States to reach the Fed’s 2% target next year. Rosengren also played down the risk of a surge in inflation as the economy recovers from …

The President of the Federal Reserve Bank of San Francisco, Mary Daly, on Tuesday, played down the risks of a rise in inflation in the United States. Daly noted that there are concerns in the market of a surge in the inflation rate, but said that she does not this …

The United States Federal Reserve Chair, Jerome Powell, on Wednesday said that he does not see a large nor sustained rise in inflation. Powell noted that an increase in consumer prices as spending rises after the economy reopens are not expected to be continue for long. “Inflation has been much …

The United States Federal Reserve Chair, Jerome Powell, called for more efforts to help the American economy recover from the impact of the Coronavirus pandemic, in order to reach full employment. Powell’s remarks came in a speech to the Economic Club of New York on Wednesday, Reuters reported. “Given the …

The President of the Federal Reserve Bank of Cleveland, Loretta Mester, said on Monday that the Fed will maintain its monetary easing policies for a very long time to help the economy achieve the inflation and employment goals set by the central bank, Reuters reported. Mester believes that economic activity …

The President of the Federal Reserve Bank of Richmond, Thomas Barkin, is not concerned with an overshoot in inflation due to the increased government stimulus, which he views as necessary to achieve economic recovery. Barkin still sees some short-term price volatility, with deflationary and inflationary risks ahead, he told the …

President of the Federal Reserve Bank of St. Louis, James Bullard, said on Wednesday that he expects the U.S. economy to recover in 2021 with the Coronavirus pandemic easing over the first half of the year, Reuters reported. “The health crisis will wane in the months ahead.” According to Bullard, …

President of the Federal Reserve Bank Dallas Robert Kaplan suggested on Tuesday that the Fed’s huge bond-buying program could be one of the reasons behind the recent trading frenzy by Reddit users in stocks such as GameStop, Reuters reported. “Some of the current situation you are seeing — one of …

The President of the Federal Reserve Bank of Minneapolis, Neel Kashkari, said on Monday that the Fed and the U.S. Congress have responded well to the Coronavirus crisis, in a better way compared with the global financial crisis, Reuters reported. “Right now I’m not concerned about it – this is …