Fed policymakers

Fed hawks and doves: What US central bankers are saying

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Fed hawks and doves: What US central bankers are saying

U.S. central bankers lopped half of a percentage point from their interest rate target in September. Federal Reserve Chair Jerome Powell said the bigger-than-expected reduction was a sign of confidence that inflation is headed back to the 2% target and should not be seen as any indication of the pace of cuts going forward. Here … Read more

Fed’s taper timing depends on progress on jobs: Brainard

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Fed’s taper timing depends on progress on jobs: Brainard

The Federal Reserve needs to see more improvement in the pandemic-hammered U.S. labor market before pulling back on support for the economy, Fed Governor Lael Brainard said on Friday, adding that she’ll be more confident in judging that progress once she has September data in hand. “The determination of when to begin to slow asset … Read more