President Joe Biden promised that his nominations to the United States central bank will bring “new diversity“To the Federal Reserve, adding that”it is much needed and long awaited”. In the Fed’s 107-year history, only three black Americans have served as governors on the central bank board in Washington. After his appointment on Monday of the […]
Tag: Fed
Investors Bet Powell and Fed Will Be More Aggressive on Inflation
Investors are betting that the newly renamed Federal Reserve (Fed) chairman Jerome Powell will have to accelerate the pace of normalization of the central bank’s monetary policy to better cope with rising consumer prices. For months, Powell has insisted that the current inflation outbreak is likely to be transitory, and has said that the central […]
Yellen: Fed, in Powell’s Second Term, Must Ensure Inflation Doesn’t Become Endemic
Updated on 11/22/2021 07:57 pm During a second term of Jerome Powell as president of the Federal Reserve (Fed) from USA, the central bank will have an important role to play in the long term to ensure that inflation does not become endemic, the Treasury secretary told CNBC, Janet Yellen. Yellen said she believed Powell’s […]
Powell’s new term at the Fed means stability for investors
The election of Jerome Powell to continue as chairman of the Federal Reserve (Fed) gives global investors stability and some predictability, as the central bank prepares to reduce its asset purchases and start raising interest rates. Many investors expected Powell, who was named president by Donald Trump in 2017, to be re-appointed by Joe Biden […]
Powell, a Republican, is backed by Biden to remain post-pandemic Fed chairman
He was named after Donald Trump, who later criticized him. Jerome Powell, was backed by Joe Biden to continue four more years at the helm of the US Federal Reserve (Fed), remained stoic in the face of questions and went through one of the worst crises in the history of the United States. Biden He […]
Professor who predicted inflation urges Fed to rush tapering
The Federal Reserve It needs to speed up its schedule to tighten monetary policy because rising prices show no signs of easing anytime soon, said Jeremy Siegel, a finance professor at the Wharton School of the University of Pennsylvania. Siegel, who last year predicted an increase in consumer prices when few did, expects cumulative inflation […]
Fed: two Democratic senators urge Biden not to rename Powell
Updated on 11/20/2021 04:04 am Two progressive Democratic senators from the United States said they oppose a reappointment of Federal Reserve Chairman Jerome Powell, joining Elizabeth Warren in calling for President Joe Biden to elect someone else. Jeff Merkley from Oregon and Sheldon Whitehouse Rhode Island officials said in a statement issued early Friday that […]
Inflation in the US is increasingly broad-based, warns Williams of New York Fed
Updated on 11/18/2021 03:59 pm Inflation in the United States is becoming broader and expectations of future price increases are rising, a trend that monetary authorities will be watching closely, said New York Federal Reserve (Fed) Chairman John Williams. While some of the price increases seen today are related to the pandemic and imbalances between […]
A slight rate increase? Fed’s cautious stance could hurt jobs
Over the past 20 months, the United States Federal Reserve (Fed) has targeted its monetary policy arsenal towards a single goal: restoring employment, especially for the low-income people whose conditions suffered the greatest impact during the past 20 months. pandemic. Interest rates remain anchored near zero and central bank debt purchases are still ongoing, even […]
Biden hopes to nominate the next chairman of the Federal Reserve this week
The president of United States, Joe Biden, has indicated this Tuesday, November 16, that at the end of this week he will announce who will lead the Federal Reserve. The agent can choose to keep or not to Jerome Powell to the front or replace him by the governor of the Fed, Lael Brainard. The […]