At least three Federal Reserve officials said Monday they are ready to pull back on stimulus even though they don't see a threat from inflation.
Speaking at separate engagements, Fed Governor Lael Brainard and regional presidents John Williams of New York and Charles Evans of Chicago all expressed comfort with the first phase of policy tightening – a gradual pullback on the monthly bond-buying that has provided support for markets and the economy.
"The forward guidance on maximum employment and average inflation sets a much higher bar for the liftoff of the policy rate than for slowing the pace of asset purchases," Brainard told the National Association for Business Economics. "I would emphasize that no signal about the timing of liftoff should be taken from any decision to announce a slowing of asset purchases."
That move toward tightening comes even though the committee does not expect the current inflationary pressures, which are running atEvans even said he thinks the Fed should shoot higher on its inflation target than the traditional 2% goal. Instead, he said it should aim for inflation "above but close to 2%."
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Boston Fed President Rosengren to retire September 30, 9 months earlier than plannedCNBC's Steve Liesman reports that Boston Fed President Eric Rosengren has announced he will sell all his individual stocks by the end of the month. The Dallas Fed's Robert Kaplan made a similar announcement. With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Karen Finerman and Dan Nathan.
Les mer »
19 impossibly cool gadgets you didn't even know you wantedThese 19 impossibly cool inventions—from wireless charging stands to shower heads that purify the water before it gets to your skin—are our top picks for the best gadgets of 2021.
Les mer »
Man killed as Crete struck by 5.8-magnitude earthquakeOfficials say the man died when a church dome collapsed on the southern Greek island.
Les mer »
UK says it has seen ships breaching North Korea sanctionsBritain said on Sunday it had collected evidence of multiple ships from various nationalities apparently breaching United Nations sanctions against North Korea which ban the sale of fuel to the country.
Les mer »