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5 Min Read WASHINGTON (Reuters) -The United States is getting closer to the Fed’s maximum employment and 2% inflation goals, Fed Governor Lael Brainard said on Tuesday, but the depth of the remaining problem still requires the central bank to stick to its super-easy monetary policy until more progress is seen. FILE PHOTO: Federal Reserve Board Governor Lael Brainard speaks at the John F. Kennedy School of Government at Harvard University in Cambridge, Massachusetts, U.S., March 1, 2017. REUTERS/Brian Snyder “While we are far from our goals today, we are seeing welcome progress, and I expe...

Hong Kong stock market rebounded from four-month low on Friday, 14 May 2021, as investors chased for bargain hunting, thanks to positive lead from Wall Street overnight after comments from Federal Reserve officials helped ease inflation fears. At closing bell, the benchmark Hang Seng Index advanced 1.11%, or 308.90 points, to 28,027.57. The Hang Seng China Enterprises Index added 0.63%, or 64.96 points, to 10,404.95. The sub-index of the Hang Seng tracking commerce & industry sector fell 0.03%, while the utilities sector added 0.47%, the properties sector added 0.13%, and the finance sector a...

By Reuters Staff 2 Min Read FILE PHOTO: Federal Reserve Board Governor Lael Brainard speaks at the John F. Kennedy School of Government at Harvard University in Cambridge, Massachusetts, U.S., March 1, 2017. REUTERS/Brian Snyder WASHINGTON (Reuters) - The coronavirus pandemic laid bare a number of weaknesses in the financial system that should be addressed with new rules to prepare for the next shock, Fed Governor Lael Brainard said on Monday. “We should not miss the opportunity to distill lessons from the COVID shock and institute reforms so our system is more resilient and better able to ...

Photo Credit: IANS IANSLive Washington, March 3 (IANS) A senior US Federal Reserve official said that the central bank needs to be patient with easy monetary policy to achieve its inflation and employment goals. To get full access of the story, click here to subscribe to IANS News Service © 2021 IANS India Private Limited. All Rights Reserved. The reproduction of the story/photograph in any form will be liable for legal action. For news, views and gossips, follow IANS at Twitter. Update: 03-March-2021

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