Republican US senator presses Fed officials on bond-buying policies
© Reuters. FILE PHOTO: U.S. Senator Rick Scott attends the weekly Republican policy luncheon at the U.S. Capitol in Washington, U.S., September 19, 2023. REUTERS/Evelyn Hockstein/File Photo - U.S. Senator Rick Scott, a fierce critic of the Federal Reserve's bond-buying program, has sent a new letter to central bank Chair Jerome Powell complaining about what the Florida Republican sees as slow progress in shedding assets from its balance sheet.
To Powell, Scott asked why a process that has seen the Fed shed about a trillion dollars in bonds has moved more slowly than central bankers had expected. The Fed, which has long faced criticism that its asset purchases may warp financial markets, more than doubled the size of its balance sheet between the spring of 2020 and the summer of 2022, when holdings peaked just shy of $9 trillion.
Scott asked Powell for similar information in January. A spokesperson from Scott's office said Scott had not received a written response but had discussed balance sheet issues during in-person meetings with central bankers over the last several years.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Fed buzz: words to watch for as the Fed sets ratesFed buzz: words to watch for as the Fed sets rates
Les mer »
Wisconsin's Democratic governor sues Republican Legislature over blocking 'basic functions'Wisconsin Democratic Gov. Tony Evers us suing the Republican-controlled Legislature, arguing that it is obstructing basic government functions, including signing off on pay raises for university employees that were previously approved.
Les mer »
Patriotic Millionaires on Republican Bill to Cut IRS Funding for Israel Aid“Read my lips: no cuts to IRS funding.”
Les mer »
Wisconsin's Democratic governor sues Republican Legislature over blocking 'basic functions'Wisconsin Democratic Gov. Tony Evers us suing the Republican-controlled Legislature, arguing that it is obstructing basic government functions, including signing off on pay raises for university employees that were previously approved
Les mer »
Poll: Donald Trump Increases Lead in Pennsylvania Republican PrimarySource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Les mer »
Ex-Republican state senator charged with traveling for sex with minor, receiving child sex abuse imagesBISMARCK, N.D. — A retired Republican state senator from North Dakota has been charged with traveling to Europe with the intent of paying for sex with a minor and with receiving images depicting child sexual abuse, according to a federal indictment unsealed Monday.
Les mer »