The real news out of the Federal Reserve on Wednesday was not in what it did, but in what Chair Jerome Powell didn’t do. The thing that the Fed’s policy committee did — announce that the central bank would gradually wind down its economy-stimulating program of buying bonds — was highly telegraphed and comfortably in … Read more
India is better positioned now to face any tapering of bond purchases by the Federal Reserve leading to a financial market gyrations than it was in 2013 when he was the governor of the Reserve Bank of India, said D Subbarao. Besides a much better current account and fiscal deficit position now, the country has … Read more
One of the leading global critics of the Federal Reserve’s 2013 “taper tantrum” episode is now worried that the central bank could fall behind the curve as it gradually removes Covid-era monetary stimulus. “The Fed thinks it has time” to slow-walk the tightening process, especially given longer-term disinflationary forces like aging, automation and globalization, Raghuram … Read more
WASHINGTON: The contours of debate within the U.S. central bank over when to dial back support for the economy burst into the open on Wednesday as a key architect of the Federal Reserve‘s new policy strategy said he feels the conditions for raising interest rates could be met by the end of 2022. “Commencing policy … Read more