Tuesday, March 2, 2021
Home Tags Federal Reserve Bank

Tag: Federal Reserve Bank

Powell says inflation is still ‘soft’ and the Fed is committed to current policy

Powell says inflation is still 'soft' and the Fed is committed to current policy
Inflation and employment remain well below the Federal Reserve's goals, meaning easy monetary policy is likely to stay in place, central bank Chairman Jerome Powell said Tuesday. Despite a sharp rise this year in bond yields that has accompanied heightened concern over inflation, Powell said...

Market bull Julian Emanuel sees rising Treasury yields accelerating a major leadership change. Here’s how to play it.

Market bull Julian Emanuel sees rising Treasury yields accelerating a major leadership change. Here's how to play it.
While rising Treasury yields create jitters on Wall Street, BTIG's Julian Emanuel is seeing opportunities. The firm's chief equity and derivatives strategist said Monday he thinks economically sensitive stocks, cryptocurrencies and overseas markets, particularly China, will get a boost. "There's a large subset of China ADRs...

Fed’s Williams say high market prices justified by economic growth and low rates

Fed's Williams say high market prices justified by economic growth and low rates
New York Federal Reserve President John Williams said Friday that high prices for stocks and other assets are justified in light of a growing economy and low interest rate landscape. With stocks pushing to new heights on valuations not seen in decades, and as corporate...

Fed officials see economy ‘far from’ where it needs to be, meaning easy policy won’t change soon, minutes show

Fed officials see economy 'far from' where it needs to be, meaning easy policy won't change soon, minutes show
Federal Open Market Committee members at their most recent gathering reaffirmed that the central bank will be keeping policy loose well into the future, according to meeting minutes released Wednesday. With the economy continuing to shake off the effects from the Covid-19 pandemic, the committee,...

Fed’s Bullard doesn’t see asset bubble and doubts policy will tighten soon

Fed's Bullard doesn't see asset bubble and doubts policy will tighten soon
St. Louis Federal Reserve president James Bullard said Tuesday that he doesn't see a bubble in asset prices and doubts the central bank needs to start tightening policy anytime soon. With prices surging in the stock market and in alternative assets like bitcoin, Fed officials...

Fed’s Mester doesn’t see policy changes coming from GameStop saga

Fed's Mester doesn't see policy changes coming from GameStop saga
Cleveland Federal Reserve President Loretta Mester said top regulators should be looking at the GameStop trading saga and how it is impacting markets. However, she said the situation isn't impacting how she approaches monetary policy and doesn't see the Fed making any adjustments in reaction...

Federal Reserve leaves interest rates and asset purchases unchanged, sees growth slowing

Federal Reserve leaves interest rates and asset purchases unchanged, sees growth slowing
The Federal Reserve kept its foot to the floor Wednesday in terms of the help it is providing for an economy that central bank officials say has slowed down. Consistent with market expectations, the policymaking Federal Open Market Committee said it was keeping its benchmark...

Fed’s Rosengren voices support for Biden stimulus proposal

Fed's Rosengren voices support for Biden stimulus proposal
President-elect Joe Biden's proposed stimulus plan is the right medicine for an economy likely to see substandard growth in the first half of 2021, Boston Federal Reserve President Eric Rosengren said Friday. As the first central bank official called to publicly speak on the Biden...

Fed’s Bostic sees possible interest rate hike as soon as the second half of next year

Fed's Bostic sees possible interest rate hike as soon as the second half of next year
Raphael Bostic, president and chief executive officer of the Federal Reserve Bank of Atlanta. Christopher Dilts | Bloomberg | Getty Images Interest rates could rise sooner than forecast as the economy recovers more quickly than expected from the throes of the Covid-19 damage, Atlanta Federal Reserve...