Tag: Federal Reserve

• Saturday, December 4th 2021 - 09:10 UTC

  Inflation beats the Fed: the word “transitory” eliminated from forecasts

  

  Federal Reserve policymakers finally acknowledge the increasing risk of more persistent inflation in months ahead and thus the word “transitory” has been eliminated from the inflation forecasts.

• Wednesday, December 1st 2021 - 08:56 UTC

  US Fed chairman warns inflation will stay around longer than expected

  

  Jerome Powell, chairman of the US Federal Reserve, the Republican who has just been entrusted by President Joseph Biden for another term in office, Tuesday told Congress inflation might be here to stay a while longer, in the face of the Omicron C19 variant.

• Tuesday, November 23rd 2021 - 20:01 UTC

  Biden endorses Powell for yet another term as Federal Reserve head

  

  US President Joseph Biden has announced he wanted Republican lawyer Jerome Powell to stay at the helm of the United States Federal Reserve (Fed) for a second four-year term.

• Monday, November 8th 2021 - 08:19 UTC

  Federal Reserve transparency: tough conflict of interest rules for Board members and senior staff

  

  The United States Federal Reserve Board announced a broad set of new rules that will prohibit the purchase of individual securities, restrict active trading, and increase the timeliness of reporting and public disclosure by Federal Reserve policymakers and senior staff.

• Thursday, November 4th 2021 - 09:33 UTC

  Federal Reserve begins gradual monthly tapering of stimulus this month

  

  Finally, following a two-day meeting, it's official: the US Federal Reserve announced on Wednesday it will begin tapering stimulus to the economy this month but also leaving the door open for possible changes if there are shifts in the scenario because of the pandemic. Likewise, inflation was described as “transitory” because of supply chain issues in the post-pandemic recovery.

• Thursday, October 14th 2021 - 21:34 UTC

  Fed minutes: tapering round the corner but inflation remains controversial

  

  The United States Federal Reserve is expected to begin cutting on emergency support for the US economy in mid-December at the latest, if not even in mid-November, according to the minutes from September's meeting released this week.

• Saturday, August 21st 2021 - 09:15 UTC

  Fed could announce this week the assets purchase reduction calendar

  

  The United States Federal Reserve could begin withdrawing economic stimuli sometime in the next four months and advances of such a program could be anticipated this week at the Jackson Hole central bankers meeting 26/27 August.

• Thursday, July 29th 2021 - 07:58 UTC

  Fed leaves rates unchanged but admits inflation could force a change of policy

  

  The United States Federal Reserve kept interest rates unchanged, close to zero, despite an inflation spike during June when it soared to an annual 5,4%, its highest in thirteen years.

• Thursday, June 24th 2021 - 03:04 UTC

  Dollar skids as Fed officials testify that stimulus tightening is “still quite a way off”

  

  With U.S. Federal Reserve officials including Chair Jerome Powell reaffirming that tighter monetary policy was still some way off, the US dollar slipped against major peers on Wednesday.

• Saturday, May 1st 2021 - 08:04 UTC

  US dollar stays on a slump in Uruguay

  

  The US dollar kept its downward trend against the Uruguayan peso Friday, closing at US $ 1 = UR $ 43.8 for interbank operations, it was reported. In Brazil, the exchange rate fell 0.7% Friday and stood at 5.44 R$ per dollar.