AUSTIN, Texas (Reuters) - A third round of large-scale asset purchases by the Federal Reserve is not needed and would compound the difficulties of tightening monetary policy when the time finally comes, a top Fed official said on Thursday.
Originally from Reuters: Business News
AUSTIN, Texas (Reuters) - A third round of large-scale asset purchases by the Federal Reserve is not needed and would compound the difficulties of tightening monetary policy when the time finally comes, a top Fed official said on Thursday.
Originally from Reuters: Business News
FRANKFURT (MarketWatch) -- Richmond Federal Reserve Bank President Jeffrey Lacker on Friday said he dissented from the Federal Reserve's announcement earlier this week that it intends to keep interest rates near zero until late 2014 because he expects economic activity to prompt an earlier rate rise. "I dissented because I do not believe economic conditions are likely to warrant an exceptionally low federal funds rate for so long," Lacker said in a statement posted on the Richmond Fed website. "I expect that as economic expansion continues, even if only at a moderate pace, the federal funds rate will need to rise in order to prevent the emergence of inflationary pressures. This increase in interest rates is likely to be necessary before late 2014," he said. Lacker was the only member of the Federal Open Market Committee to vote against the Fed policy action, citing a desire to omit the reference to the time period.
Originally from MarketWatch
The Federal Reserve repeated its view that the economy faces "significant downside risks'' but it offered little to suggest it was close to launching another round of bond-buying.
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CHARLOTTE (Reuters) - The Federal Reserve is unlikely to need to ease monetary policy further given the country's steady if moderate pace of economic growth, Richmond Fed President Jeffrey Lacker said on Monday.
Originally from Reuters: Business News
CHARLOTTE (Reuters) - The Federal Reserve is unlikely to need to ease monetary policy further given the country's steady if moderate pace of economic growth, Richmond Fed President Jeffrey Lacker said on Monday.
Originally from Reuters: Business News
WASHINGTON (Reuters) - The Federal Reserve on Tuesday warned that turmoil in Europe presents a big risk to the U.S. economy, leaving the door open to possible further steps to boost growth even though it noted a somewhat stronger labor market.
Originally from Reuters: Business News
WASHINGTON (Reuters) - The Federal Reserve on Tuesday pointed to turmoil in Europe as a big risk to the U.S. economy, leaving the door open to a further easing of monetary policy even as it noted some improvement in the U.S. labor market.
Originally from Reuters: Business News
WASHINGTON (Reuters) - The Federal Reserve on Tuesday pointed to turmoil in Europe as a big risk to the economy, leaving the door open to a further easing of monetary policy even as it noted some improvement in the labor market.
Originally from Reuters: Business News
The Federal Reserve on Tuesday made it three years of interest rates at near-zero levels as the central bank refrained from new action with recent signs of improvement in the economy.
Originally from MarketWatch
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