Fed chair

No appetite at Fed, ECB for changing inflation goal

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No appetite at Fed, ECB for changing inflation goal

Any thoughts that the 2% inflation goal long sought by the U.S. Federal Reserve and the European Central Bank might possibly be in for a tweaking were dashed on Friday by the chiefs of the two institutions. Gathering in Jackson Hole, Wyoming for the annual Federal Reserve Bank of Kansas City economic symposium, both Fed … Read more

Fed saw ‘some time’ before taper conditions met, minutes show

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By Craig Torres Federal Reserve officials last month saw it taking some time before the conditions would be met for scaling back their massive asset-purchase campaign. “Participants noted that it would likely be some time until substantial further progress toward the Committee’s maximum-employment and price-stability goals would be realized,” according to minutes from the March … Read more