Page 13 - Taper News Today : Breaking News, Live Updates & Top Stories | Vimarsana

And i'm sure if you're gary gensler you're saying what are my priorities? do i need a bigger budget to do x over here or is this more important? that's where we are. >> all right, quickly before we go, we have to talk about inflation, the fed trying to thread a needle between tamping down inflation and still supporting the economy. how did they do yesterday? >> well, it looks -- look, the marketplace, the investor community, thinks that jay powell has done a great job -- >> hold on, hold on, hold on. andrew, andrew, yes, of course the investor community thinks jay powell has done a great job. ...

Gold prices popped but fell back Wednesday towards the lowest in 2 weeks amid data showing a surge in UK inflation and weaker US retail sales growth ahead of today's key US Federal Reserve statement on tapering and interest rates

Shop, worried about the supply chain part of it, and the folks who rush out because they worry about the mail getting there on time, potentially driving this. the federal reserve board is scheduled to meet a half hour from now, is my understanding, for the last time of the year. how are they responding to the higher prices? do we expect them to curtail the support they've been giving to the economy? >> when we heard last from jay powell, it was the biggest pivot we've seen. he said we have to stop calling inflation transitory, we have to start tapering, meaning ending, the monetary support com...

Holding its breath. why? big meeting this afternoon, waiting for federal reserve chair jerome powell to give a policy update later today. he's expected to announce a dramatic shift that would clear the way for the first interest rate hike in the new year. >> the fed is also set to assure people that there is no reason to panic about rising prices. this despite growing and understandable concerns over inflation. people are seeing them. cnn chief business correspondent christine romans is covering. the fed has a couple of tools here, right. one is buying all the bonds and they already started to...

Raising interest rates sometime next year th. this is a big deal. for months the fed was saying it was transitory. look at the numbers. you see the sticker shock for so many things that americans are are buying. now, granted that's compared with last year, when the whole economy fell apart, right? but now it is not apart. it is moving very quickly, the economy is strong. here is the fed chief on november 30th signaling the strong economy and rising inflation. listen. >> at this point the economy is very strong, and inflationary pressures are high and it is therefore appropriate in my view to c...