The conflict unfolding in Ukraine could have an effect on the U.S. economy in the medium term and should be factored in as Federal Reserve policymakers remove accommodation, Cleveland Fed President Loretta Mester said on Thursday. Such geopolitical events can worsen inflation and be damaging to economic growth in the near-term, said Mester, who has…
Fed’s Mester Says Situation in Ukraine Will Be Considered for Monetary Policy
February 24, 2022
admin
Business & Economyeconomic policieseconomyEuropeFedinflationPolicies & ImpactsRussia-Ukraine WarUkraineUSUS NewsWorld
0 Comment
Three Fed Banks Voted to Increase Discount Rate in January
Directors at three regional Federal Reserve banks voted in January to increase the interest rate charged to commercial banks for emergency loans by a quarter of a percentage point, minutes of their discount rate meetings showed on Tuesday. The rate-hike recommendations—from directors of the Cleveland, St. Louis, and Kansas City Feds—were overruled two weeks later…
Fed’s Bowman Keeping Open Mind on Possible Half Percentage Point Rate Hike in March
Federal Reserve Governor Michelle Bowman said on Monday that she will assess incoming economic data over the next three weeks in deciding whether a half percentage point interest rate rise at the central bank’s next meeting in March is needed, a stance that underscores divisions among policymakers on how aggressively to begin its tightening cycle….
Fed’s Brainard Sees Case for US Central Bank Digital Currency
Federal Reserve Board Governor Lael Brainard on Friday laid out a case for the role a U.S. central bank digital currency could play in bolstering financial stability as the use of stablecoins and cryptocurrency grows and other countries issue their own CBDCs. “It is essential that policymakers, including the Federal Reserve, plan for the future…
Fed’s Mester: Rates Should Rise Faster Than After Great Recession
The Federal Reserve will need to move more aggressively to remove accommodation than it did following the Great Recession by raising interest rates at a faster pace and shrinking its balance sheet more quickly, Cleveland Fed President Loretta Mester said on Thursday. “Barring a material change in the economy, I anticipate that it will be…
Fed’s Messaging on Pivot Gets High Marks From Wall Street
Federal Reserve Chair Jerome Powell won high marks from Wall Street as he dialed up expectations late last year for a more hawkish policy stance to quell rising inflation, a survey by the New York Federal Reserve published Thursday showed. The report card is included in the New York Fed’s quarterly survey of primary dealers…
Wall Street Pulls Back on Fed, Ukraine Jitters
U.S. stocks fell on Wednesday, with the tech-heavy Nasdaq leading losses after stronger-than-expected retail sales data gave the Federal Reserve more ammunition to tighten policy, while geopolitical tensions over Russia and Ukraine added to caution. Eight of the 11 major S&P sectors fell, with technology and communication services leading to the decline. The energy index…
US Fed Should Act Soon and Decisively to Raise Rates: World Bank’s Reinhart
WASHINGTON—The U.S. Federal Reserve should tighten monetary policy soon and decisively head off what could become “quite persistent” inflation, World Bank Chief Economist Carmen Reinhart told Reuters in an interview. Reinhart, who has been warning for some time that supply chain shocks could result in sustained inflation in the United States and elsewhere, said any…
Fed’s Daly: Being Too Aggressive on Rate Hikes Could Be Destabilizing
Being too “abrupt and aggressive” with interest rate increases could be counter-productive to the Federal Reserve’s goals, San Francisco Federal Reserve Bank President Mary Daly said on Sunday, signaling she is not yet prepared to come out of the gate with a half-percentage-point interest rate hike next month. “So I look at the data, and…
Credit Suisse Downgrades Global Equities on Key Macro Concerns
Credit Suisse on Friday downgraded global equities to “benchmark” rating from “overweight,” citing the need for the U.S. Federal Reserve to raise interest rates above market expectations amid higher wage growth in the United States. The brokerage, which cut its rating on global equities for the first time since the peak of the pandemic, said…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`