Changes afoot in the world of central banking
Further monetary easing may become inevitable for the U.S. Fed to make inflation targeting effective, and for the ECB to justify greater emphasis on the environment.
Fed vows to keep interest rates near zero until inflation rises
The Federal Reserve kept interest rates pinned near zero on Wednesday and made a bold, new promise: to keep them there until inflation is on track to "moderately exceed" the U.S. central bank's 2 percent inflation target "for some time." The new guidance marks a ...
Japanese investors are now turning to bonds from the European Union instead.
Jackson Hole conference goes virtual as monetary experts discuss life after ‘peak central banking’
After convening every August since 1982 at the edge of Wyoming’s magnificent Teton mountain range, monetary policymakers will hold a virtual Jackson Hole conference this week that will look pale by comparison. The same could probably be said of the central banks themselves. Yes, the ...
Fed’s Lael Brainard paints dark picture of U.S. economic outlook, urging more support
The coronavirus induced a deep recession in the U.S. with more than 22 million jobs lost.
Fed chair warns of 'significant uncertainty' around U.S. recovery
Despite some recent positive signs, "significant uncertainty" remains about the recovery of the U.S. economy from the coronavirus pandemic, Federal Reserve Chair Jerome Powell said Tuesday. And unless consumers feel confident COVID-19 has been defeated, "a full recovery is unlikely," Powell warned in his semiannual ...
Fed sees zero rates through 2022 and commits to keep buying bonds
All policymakers expect the funds rate to stay near zero through 2021, and perhaps beyond, to address "considerable risks” over the medium term.
World monetary policy stance may not be as easy as it appears
Policy could be tighter than it looks because the pace of government borrowing is surpasing the record stimulus of central banks.
Fed brings the global financial system back from the abyss
Sitting calmly in front of a bookshelf filled with thick volumes of the "Federal Reserve Bulletin," Jerome Powell this week set out to offer a simple explanation for the complicated steps the U.S. central bank is taking to relieve dire stresses in the global ...
Fed slashes rates and central banks pull out stops to cushion coronavirus blow
The U.S. Federal Reserve slashed rates back to near zero, restarted bond buying and joined with other central banks to ensure liquidity in dollar lending to help put a floor under a rapidly disintegrating global economy during the coronavirus pandemic. And in a dramatic move ...
Follow the Fed? Why central banks won't be rushed on COVID-19 response
Will the world's big central banks leave U.S. Federal Reserve Chair Jerome Powell hanging? They're certainly going to try. No major central bank has yet matched the Fed's emergency rate cut in response to the coronavirus outbreak, and there is mounting evidence that its counterparts ...
The emergency rate cut from the U.S. Federal Reserve seemed to stoke rather than soothe fears over the coronavirus’ widening global economic fallout.
