Tag Archives: Federal Reserve

President of the Federal Reserve Bank of New York, John Williams, has urged the US Federal Reserve to make it is target for inflation more clear, instead of stating that it would keep interest rates near 0% until inflation moderately exceeds 2%. “Moderate isn’t a number, it’s a guard rail” …

President of the Federal Reserve Bank of Kansas City, Esther George, said on Thursday that the Fed’s new framework, which aims for inflation above 2%, shows tolerance for higher inflation, but not a commitment to increase it. “I interpret the revised consensus statement as a tolerance, and less as a …

The latest United States Federal Reserve’s Federal Open Market Committee (FOMC) meeting minutes showed on Wednesday that monetary policymakers are concerned about the absence of another stimulus package, with fears that this could downplay the economic recovery. However, recovery was seen moving faster than expected, according to the minutes of …

The United States Federal Reserve is facing one of two tough choices, to either cut interest rates or increase asset purchases, according to new research by the Fed’s economist Michael Kiley, Bloomberg reported. President of the Federal Reserve Bank of Cleveland, Loretta Mester, is the only member of the Fed’s …

The United States Federal Reserve Chair Jerome Powell said on Tuesday that the US economy needs more stimulus and support efforts, as recovery is not yet complete and could still slip or change its direction into the negative territory if the COVID-19 crisis is not controlled effectively. Powell remarks came …

President of the Federal Reserve Bank of Chicago, Charles Evans, expects an inflation overshoot after more than three years, Bloomberg reported. “I expect inflation to slowly improve, reaching 2% on a persistent basis in 2023 and then moderately overshooting 2% over the following few years.”“We likely have a lot of …

President of the Federal Reserve Bank of Chicago, Charles Evans, expects inflation in the United States will reach 2% and unemployment at 4% by 2023, Reuters reported. According to Evans, inflation could be allowed to reach 2.5%. “The Fed needs to have an ‘in it to win it’ attitude toward …

President of the Federal Reserve Bank of Minneapolis, Neel Kashkari, said on Friday that the road to economic recovery is long and challenging. “We are a long way from recovering the job market that we had back in January and February.” If Congress fails to pass more relief, more small …

The President of the Federal Reserve Bank of Dallas, Robert Kaplan, said on Friday that he would like to be careful about increasing the United States Federal Reserve bond purchases. Kaplan also said on Friday in an interview with the Wall Street Journal that he supports maintaining interest rates near …

The United States economy has been recovering at a rapid pace from the impact of the COVID-19 crisis, however, unemployment remains quite high, which means more monetary and fiscal support are needed, Federal Reserve Governor Michelle Bowman said on Wednesday, Reuters reported. “Even with this support, however, I anticipate that …