Fed keeps key rate near zero, sees inflation as transitory news8000.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news8000.com Daily Mail and Mail on Sunday newspapers.
Powell: QE taper likely well before interest rate increase
Reuters | Apr 15, 2021 12:39 AM EDT
Chairman of the Federal Reserve Jerome Powell listens during a Senate Banking Committee hearing on The Quarterly CARES Act Report to Congress (Photo : Susan Walsh/Pool via REUTERS/File Photo)
The Federal Reserve will reduce its monthly bond purchases before it commits to an interest rate increase, Fed Chair Jerome Powell said on Wednesday, clarifying the order of monetary policy changes that are still months if not years in the future.
The Fed is currently buying $120 billion a month in government-issued and government-backed securities, and has pledged to continue doing that until the economy is more fully recovered.
Fed survey: Economy rebounding, helped by stimulus, vaccines | iNFOnews | Thompson-Okanagan s News Source infotel.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from infotel.ca Daily Mail and Mail on Sunday newspapers.
Bitcoin Ban Practically Impossible and Governments Would Be ‘Foolish’ to Try: SEC Commissioner You’d have to shut down the Internet” to ban Bitcoin, says SEC’s Hester Peirce
Securities and Exchange Commission (SEC) commissioner Hester Peirce, who has earned the moniker “Crypto Mom” for her friendly stance on cryptocurrencies, told a MarketWatch virtual conference that any efforts to ban cryptocurrencies such as Bitcoin would essentially be doomed to failure and any government that tried would be “foolish.”
Investment managers have warned that a key risk to cryptocurrencies as a viable asset class is that the government could simply ban them.
Fed survey: Economy rebounding, helped by stimulus, vaccines roanoke.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from roanoke.com Daily Mail and Mail on Sunday newspapers.