Updated on 12/01/2021 04:00 pm In a further indication of their growing concern over inflation in USA, the president of the Federal Reserve (Fed), Jerome Powell, announced that the Fed cannot be sure that the price hike will subside in the second half of next year, as many economists hope. Powell told the House Financial […]
Tag: Fed
Fed: US companies grapple with price hikes and labor shortages
The economy of USA expanded at a modest to moderate pace in October and the first half of November, as companies faced rising growth inflation and the problems of filling vacancies amid the labor shortage, showed a survey carried out by the Federal Reserve (Fed). “Prices rose at a moderate to robust pace, with widespread […]
Inflation and pandemic fears hold back US consumer confidence, house prices cool
US consumer confidence fell to a nine-month low in November amid concerns about the rising cost of living and fatigue pandemicBut that probably won’t change expectations for stronger economic growth in the current quarter. The Conference Board poll released Tuesday showed consumers are less excited about buying a home and expensive items like motor vehicles […]
Fed admits new variant of COVID-19 could slow recovery
Updated on 11/30/2021 11:41 am The president of the Federal Reserve (Fed), Jerome Powell, warned that the increase in cases of COVID-19 and the new variant of the coronavirus, omicron, could slow progress in employment and economic growth, in addition to adding a greater “uncertainty”On inflation. This was indicated in his appearance before the Senate […]
Fed’s Powell Sees Persistent Inflation, Downside Risk From COVID-19
Updated on 11/29/2021 06:25 pm The president of the Federal Reserve (Fed), Jerome PowellHe said he continues to expect high inflation to recede over the next year as supply and demand become better balanced, but cautioned that prices could continue to rise for longer than previously thought. “It is difficult to predict the persistence and […]
How unequal was the increase in wealth and savings in times of COVID
Updated on 11/27/2021 05:32 am Household savings increased dramatically during the COVID-19 crisis in many countries. Lower consumption, both as a result of lockdowns and as a precaution, combined with an increase in disposable income from government transfers allowed households to put more money into their bank accounts, buy stocks, a house, or pay off […]
Goldman Sachs: Fed to launch faster stimulus reduction plan from January
Updated on 11/25/2021 11:17 am The Federal Reserve will likely double the pace of its monthly bond purchases from January to $ 30 billion and cut its pandemic-era bond purchase plan in mid-March, Goldman Sachs strategists said in a meeting. daily note on Thursday. “The greater openness to accelerating the pace of downsizing likely reflects […]
Fed’s Daly says it’s open to accelerating pace of asset purchase downsizing
Updated on 11/24/2021 12:31 pm San Francisco Federal Reserve (Fed) President Mary Daly said she would be willing to accelerate the pace of the central bank’s gradual reduction in asset purchases if inflation remains high and job growth slows. keeps strong. “If things continue to do what they have been doing, then I would fully […]
With Powell’s renomination in the Fed, attention is focused on the pace of reduction of bond purchases
As Federal Reserve (Fed) Chairman Jerome Powell prepares to spend four more years at the helm of the world’s most powerful central bank, the focus is on whether he and his colleagues will have to more quickly withdraw support from emergency to the US economy in the face of high inflation. By renominating Powell for […]
Bloomberg Editorial: Powell Is The Right Decision For The Fed
President Joe Biden was correct in his decision to nominate Federal Reserve Chairman Jerome Powell for a second term. It does not mean any irreverence towards Lael Brainard, to whom they were considered as an alternative. The White House says she will be nominated for vice president instead. They are both eminently capable central bankers, […]