Fed s Evans says he doesn t see labor market overheating reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
2021-04-07 23:05:45 GMT2021-04-08 07:05:45(Beijing Time) Xinhua English
WASHINGTON, April 7 (Xinhua) U.S. Federal Reserve officials last month indicated that it would take some time before the Fed starts tapering its asset purchases, according to the minutes of the Fed s recent policy meeting released Wednesday. The Federal Reserve s asset purchases since last March had materially eased financial conditions and were providing substantial support to the economy, the Fed said in the minutes of its March 16-17 meeting. Participants noted that it would likely be some time until substantial further progress toward the Committee s maximum-employment and price-stability goals would be realized . asset purchases would continue at least at the current pace until then, the minutes said, referring to the Fed s policy-making committee.
US Fed officials see some time before tapering asset purchases
By IANS |
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US monetary policy to be accommodative for long time: Fed official. Image Source: IANS News
Washington, April 8 : US Federal Reserve officials last month indicated that it would take some time before the Fed starts tapering its asset purchases, according to the minutes of the Fed s recent policy meeting released. The Federal Reserve s asset purchases since last March had materially eased financial conditions and were providing substantial support to the economy, the Fed said in the minutes of its March 16-17 meeting released on Wednesday, Xinhua news agency reported.
By Reuters Staff
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FILE PHOTO: Chicago Federal Reserve Bank President Charles Evans looks on during the Global Interdependence Center Members Delegation Event in Mexico City, Mexico, February 27, 2020. REUTERS/Edgard Garrido/File Photo
(Reuters) - Chicago Federal Reserve Bank President Charles Evans on Wednesday said he is optimistic and confident in his forecast for stronger growth this year, but said that the Fed will need to see actual progress toward its goals, not just improved forecasts, before reducing its massive bond buying program.
“We are going to have to go months and months into the higher inflation experience before I’m going to even have an opinion on whether or not this is sustainable or not, and that’s going to be uncomfortable,” Evans said, noting he expects prices to rise in coming months. “We really have to be patient and be willing to be bolder than most conservative central bankers would choose to be if we are going to actually get inflati
Wall Street Set To Start Low
WASHINGTON (dpa-AFX) - A slew of Fed speeches and FOMC minutes of its latest monetary policy meeting might be the highlights on Wednesday.
Asian shares finished broadly up, while European shares are trading mostly down.
The U.S. Futures Index point to lower open for Wall Street.
Fear of an increase in COVID-19 infection is buoyant in several countries, while half of U.S. adults received the first dose of vaccine.
As of 8.05 am ET, the Dow futures were down 1.00 points, the S&P 500 futures were at 0.00 points and the Nasdaq 100 futures were sliding 3.25 points.