The Federal Reserve is expected to keep its monetary policy in crisis mode when it concludes its latest meeting on Wednesday, even as the economy improves.The question now is how long it will take for the recovery to progress enough to inspire the central bank to change course.The Fed has held interest rates near zero since March 2020, and is buying bonds at a pace of about … [Read more...] about The Fed’s patient approach could be tested soon.
Powell, Jerome H
When Jerome H. Powell, the Federal Reserve chair, speaks to reporters in a webcast news conference on Wednesday afternoon, he’s likely to face questions about a simmering topic: inflation.Prices are expected to pop in the coming months, both as inflation indexes lap very weak 2020 readings and as supply chains experience short-term reopening bottlenecks. The unknowns facing the … [Read more...] about How the Federal Reserve Gauges Inflation
WASHINGTON — The economy is at an “inflection point” and on the cusp of growing more quickly, the Federal Reserve chairman, Jerome H. Powell, said in an interview broadcast on Sunday night. But he warned that the crisis was not yet over.In the interview, with “60 Minutes” on CBS, Mr. Powell said that the American economy “has brightened substantially” as more people are … [Read more...] about Fed Chief Says U.S. Economy Is at an ‘Inflection Point’ as Risks Remain
new video loaded: Federal Reserve Will Keep Rates Near ZerotranscriptBackbars0:00/1:09-1:09transcriptFederal Reserve Will Keep Rates Near ZeroThe Federal Reserve Chair, Jerome H. Powell, said on Wednesday that he expects the economy to continue improving this year but plans to keep interest rates near zero until employment increases.Today, the FOMC kept interest rates near zero … [Read more...] about Federal Reserve Will Keep Rates Near Zero
By the middle of March 2020 a sense of anxiety pervaded the Federal Reserve. The fast-unfolding coronavirus pandemic was rippling through global markets in dangerous ways.Trading in Treasurys — the government securities that are considered among the safest assets in the world, and the bedrock of the entire bond market — had become disjointed as panicked investors tried to sell … [Read more...] about The Financial Crisis the World Forgot