FOMC: Higher Inflation Could Last Longer than Anticipated
Federal Open Market Committee members said that they see the current elevated level of inflation as transitory but that it could take longer to subside than they had previously assessed.
Browsing: FOMC
Fed’s Waller Says He Favors Faster Pace of Asset Tapering
Federal Reserve Governor Christopher Waller today said that rapid improvement in the labor market and “deteriorating inflation data” have pushed him toward favoring a faster pace of asset purchase tapering.
Behind the Headlines on Real Interest Rates
Nominal rates might be positive, but real rates have been negative.
FOMC Begins to Reduce Pace of Asset Purchases
The Federal Open Market Committee said today that it will begin reducing the monthly pace of its asset purchases since the economy has made substantial progress toward the committee’s goals.
FOMC: Asset Purchase Tapering Could Start in November, December
Federal Open Market Committee members said that if they decide to start tapering asset purchases at their next meeting, the process could begin in mid-November or mid-December.
FOMC: Asset Purchases May be ‘Moderated’ if Economic Progress Continues
If the economy continues to improve broadly, “a moderation in the pace of asset purchases may soon be warranted,” the Federal Open Market Committee said today.
FOMC: Delta Variant Posing ‘Downside Risks’ to Economic Outlook
Slowing vaccination rates and the spread of the Delta variant pose “downside risks” to the economic outlook, according to members of the Federal Open Market Committee.
Fed: Vaccination Progress Continues to Strengthen Economy
Progress on vaccinations has continued to strengthen indicators of economic activity and employment, the Federal Open Market Committee said today, adding that while the sectors most adversely affected by the pandemic have shown improvement, they have not fully recovered.
FOMC: Economic Activity Expanding at ‘Historically Rapid Pace’
Led by gains in consumer spending, economic activity is expanding at a historically rapid pace, according to members of the Federal Open Market Committee.
Fed: Economic Risks Remain Even as Vaccinations Reduce Effects of Pandemic
Risks to the economic outlook remain even as progress on vaccinations will likely continue to reduce the effects of the coronavirus pandemic, the Federal Open Market Committee said today, adding that the path of the economy will significantly depend on the course of the virus.