Business

Analysis-Fed prepared to handle September jobs report with kid gloves

(Reuters) – U.S. hiring probably accelerated last month, a range of high-frequency indicators suggests, as the effects of the latest COVID-19 surge began to subside, but even a second straight weak employment report would be unlikely to derail the Federal Reserve’s plans to begin reducing its support for the economy.FILE PHOTO: Federal Reserve Chair Jerome […]

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Fed's Daly says equity is path to faster U.S. growth

FILE PHOTO: San Francisco Federal Reserve Bank President Mary Daly poses at the bank’s headquarters in San Francisco, California, U.S., July 16, 2019. REUTERS/Ann Saphir(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Wednesday intensified her call for a concerted effort to address racial and other inequalities as a way to boost the […]

Business

Two Fed policymakers say bar for taper met, nod to next debates

(Reuters) -A pair of Federal Reserve policymakers on Friday said they felt the U.S. economy is already in good enough shape for the central bank to begin to withdraw support for the economy, setting up for the next big debates for the central bank: when to raise interest rates and what to do with the […]

Business

Fed likely to open bond-buying 'taper' door, but hedge on outlook

WASHINGTON (Reuters) – The Federal Reserve is expected to clear the way on Wednesday for reductions to its monthly asset purchases later this year and show in updated projections whether higher-than-expected inflation or a resurgent coronavirus pandemic is weighing more on the economic outlook.FILE PHOTO: Federal Reserve Chair Jerome Powell testifies during a U.S. House […]

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Analysis-Investors betting on 'stable' choice of Powell renomination at Fed

NEW YORK (Reuters) – A potential renomination of Jerome Powell at the helm of the U.S. Federal Reserve would provide a needed sense of stability as the central bank prepares to pull back its emergency-level support, investors say, even while some chide the Fed chief for policies they say have pumped excessive liquidity into markets.FILE […]

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Five challenges the Fed chief may face in the next four years

(Reuters) – U.S. President Joe Biden’s coming decision of whether to reappoint Federal Reserve Chair Jerome Powell after his term expires in February or hand the reins to somebody else will arrive at a critical juncture for the central bank.FILE PHOTO: Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie/File […]

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Fed's Daly: Appropriate to consider tapering later this year

FILE PHOTO: Federal Reserve Board building is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis/File Photo(Reuters) -Federal Reserve Bank of San Francisco President Mary Daly said the U.S. central bank may be able to start reducing “a little bit” of its extraordinary support for the U.S. economy by the end of this year. “The […]

Business

Fed's Mester flags financial stability concerns in central bank accommodation

FILE PHOTO: Cleveland Fed President Loretta Mester takes part in a panel convened to speak about the health of the U.S. economy in New York November 18, 2015. REUTERS/Lucas JacksonWASHINGTON (Reuters) – Cleveland Federal Reserve bank president Loretta Mester said Tuesday that the extended low interest rates, ongoing bond purchases, and loose-policy promises that central […]

Business

What investors are watching from the Fed: taper talk and inflation

(Reuters) – Investors will be scrutinizing the Federal Reserve’s comments at the close of its policy meeting on Wednesday for insight on whether the central bank has begun discussing tapering bond purchases and if policymakers are concerned about rising inflation. A possible hike to some key short-term rates is also in focus. Here are topics […]

Business

Factbox: How global central banks are leaning as Fed taper talk grows

TOKYO (Reuters) – While the U.S. Federal Reserve is publicly committed to keeping interest rates near zero for some time, there are growing expectations that accelerating inflation could pressure the central bank to begin seriously debating the withdrawal of monetary stimulus.FILE PHOTO: A man wearing a protective mask walks past the headquarters of the Bank […]