U.S. Federal Reserve officials, facing a potential bout of inflation this spring in an economy turbocharged by vaccines and government spending, on Tuesday said they will nevertheless keep their easy money plans in place in hopes of speeding displaced Americans back to work.
U.S. Federal Reserve officials, facing a potential bout of inflation this spring in an economy turbocharged by vaccines and government spending, on Tuesday said they will nevertheless keep their easy money plans in place in hopes of speeding displaced Americans back to work.
San Francisco Federal Reserve President Mary Daly on Tuesday pushed back against the fear that easy Fed policy could bring on unwanted inflation, arguing that with inflation too low and millions of Americans still out of work, monetary policy must remain accommodative "for.
Brainard focused her most detailed suggestions on the rules governing the large money market funds that saw massive redemptions as the pandemic intensified last spring
By Reuters Staff
1 Min Read
FILE PHOTO: Federal Reserve Bank of Richmond President Thomas Barkin poses during a break at a Dallas Fed conference on technology in Dallas, Texas, U.S., May 23, 2019. REUTERS/Ann Saphir
WASHINGTON (Reuters) - Investors evaluating Fed policy should focus on the central bank’s “explicit” guidance on its plans and the relevant economic outcomes, not on second-guessing far ahead of time when interest rates or the pace of monthly asset purchases might change, Richmond Federal Reserve President Thomas Barkin said on Monday.
The guidance from the Fed “is as clear and explicit as we have seen,” pegging any interest rate increase to inflation exceeding the Fed’s 2% target and a return to full employment, and any change in asset purchases to significant progress towards those goals, Barkin told Bloomberg Television.