Tag Archives: monetary policy

Atlanta Fed President Raphael Bostic said on Monday that the Fed needs to be “forceful and committed” in getting inflation under control, as reported by Reuters.Key Comments:“For now, inflation expectations in longer-term haven’t moved in a significant way.”“Labor supply is a huge problem.”“Until pandemic is over, there will be effects …

The US Federal Reserve on Friday released its semiannual Monetary Policy Report (MPR), which it normally does one week ahead of Fed Chair Jerome Powell’s semiannual testimony before the US Congress. The report reiterated the Fed’s policy guidance that it will soon be appropriate to raise the target range for …

The eruption of the conflict unfolding in Ukraine could have an effect on the US economy in the medium term and should be factored in as Federal Reserve policymakers remove accommodation, Cleveland Fed President Loretta Mester said on Thursday.The Fed official said she expects inflation will moderate this year as …

ECB executive board member Isabel Schnabel issued some comments, Thursday, on the central bank’s monetary policy. Schnabel said “It is now becoming increasingly likely that, in the medium term, inflation will approach our 2% target from above, not below”. Additional QuotesReversing the current exceptional measures has the potential to mitigate …

Support levels fell like dominoes on Thursday as the GBP/USD pair continues to react to woes related to Russia’s assault on Ukraine. Traders ditch risk-sensitive currencies like sterling in favour of safe-haven currencies like the US dollar or Japanese yen as global equities tumble, the pair is on course for …

Although several Wall Street banks and traders expected the Fed to chart a very aggressive course in normalizing policy due to surging inflation, that outlook has shifted amid the heightened tensions in Europe. Some observers suggest that Fed could adopt a less hawkish stance on the backdrop of the prevalent …

Congress instructs the Federal Reserve to aim for maximum employment and price stability. The Fed has defined price stability as inflation averaging 2%, but maximum employment cannot be explained in such a simple manner.In its monetary policy strategy statement, FOMC has pointed out that he maximum level of employment is …

Federal Reserve Governor Michelle Bowman said on Monday that she will assess incoming economic data over the next three weeks in deciding whether a half percentage point interest rate rise at the central bank’s next meeting in March is needed, a stance that underscores divisions among policymakers on how aggressively …

The US Federal Reserve should implement a full percentage point of rate increases over its next three meetings between now and the first of July 2022, St. Louis Fed president James Bullard said on Thursday, reiterating his calls for strong action from the Fed against stubbornly high inflation.“We are missing …

The ultra-low inflation seen in the euro zone until recently are unlikely to return even after the pandemic is over, the European Central Bank’s chief economist Philip Lane said, citing changes in the global economy among other factors.Lane had dismissed the notion of a new era for inflation until recently …