The United States Federal Reserve Vice Chairman, Richard Clarida, said on Wednesday that time is yet to come for reducing the massive bond-buying or raising the historically low-interest rates.<\/p>\n\n\n\n
Speaking on behalf of the central bank, Clarida told reports \u201cwe will get more data, and as we move through the year, we will be able to make a judgment on substantial further progress, but we are not there yet.\u201d<\/p>\n\n\n\n
Meanwhile, the President of the Federal Reserve Bank of Boston, Eric Rosengren also told MarketWatch that it is too early to cut the asset purchases, expecting the rise in inflation to be temporary.<\/p>\n\n\n\n
\u201cMy view is that this acceleration in the rate of price increases is likely to prove temporary.\u201d<\/p>\n\n\n\n
\u201cMany of the factors raising prices this spring are also likely to be similarly short-lived.\u201d<\/p>\n\n\n\n
\u201cWe need to have a substantial improvement for us to begin tapering. It is quite possible that we will see those conditions as we get to the latter half of the year. But right now, what we have is one really strong employment report, one quarterly GDP report. And so I think it’s premature.\u201d<\/p>\n\n\n\n
\u201cThis implies that current policy will remain accommodative until the labor market can consistently help deliver on the Fed’s 2% inflation goal,\u201d<\/p>\n\n\n\n
\u201cThere are some risks to delaying tightening policies, but there’s very significant benefits. So I think, for now, the benefits far outweigh the costs.\u201d<\/p>\n\n\n\n
Meanwhile, the President of the Federal Reserve Bank of Chicago, Charles Evans, said \u201cI personally think the achievement of sustainable inflation averaging 2% is a lot harder than people think and so I’m not in any hurry to have that discussion,\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
The United States Federal Reserve Vice Chairman, Richard Clarida, said on Wednesday that time is yet to come for reducing the massive bond-buying or raising the historically low-interest rates. Speaking on behalf of the central bank, Clarida told reports \u201cwe will get more data, and as we move through the year, we will be able …<\/p>\n","protected":false},"author":10,"featured_media":31393,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[6867],"class_list":["post-45417","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-federal-reserve"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/45417","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=45417"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/45417\/revisions"}],"predecessor-version":[{"id":45418,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/45417\/revisions\/45418"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31393"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=45417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=45417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=45417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}