“ And inflation’s still too high but coming down.... “ Inflation targets should not be used as a short-run tool, you know?... “ If you raise the inflation target to 3 percent for some short-term purpose, then why not 4 percent, or why not 3.5 percent, or why not create a band, or whatever?...

by Matthew RuslingWASHINGTON, June 6( Xinhua)--U.S. media speculation is growing about the possible re-emergence of a ghost from the economic past-stagflation. The term stagflation refers to high inflation coupled with high unemployment.... Stagflation crippled the economy in the 1970s and early 1980s, as surging oil prices, growing unemployment and easy monetary policy caused inflation to hit 14.8 percent in 1980. While there remains no consensus on the issue, economists said the issue merits

Quashing inflation without inducing a severe slowdown is a tricky task in the best of times – and this is far from an ideal moment. Inflation has proven more pernicious than projected.... It’s clearly failing now. After May’s Federal Open Market Committee( FOMC) meeting, Powell indicated moves of 50 basis points were his preference.He repeated this expectation in a number of interviews, which is why it seemed like a reasonable bet.... It wasn’t until news articles Monday, however, that the Fed

NEW YORK, July 24( Xinhua)--U.S. stocks ended higher on Monday as investors waited for a major policy decision from the Federal Reserve and a busy week of key earnings reports. The Dow Jones Industrial Average rose 183.55 points, or 0.52 percent, to 35, 411.24.... StarPicks Setting the stage for purposeful grads" There are some huge central bank meetings this week, the most notable naturally being the Federal Reserve on Wednesday.... But our economists expect it to be the last of the cycle," t

By Ira Iosebashvili and Saqib Iqbal Ahmed( Reuters)-The Federal Reserve's taper in 2014 was preceded by sharp gyrations in Treasury markets and helped lay the foundations for a massive rally in the U.S. dollar. With the Fed widely expected to soon begin an unwind of its$ 120 billion in government bond buying, here's a comparison between the market backdrop around the time of the Fed's most recent unwind and today. TAPER TIMEThe Fed's taper of the$ 85 billion a month bond buying program, which it

Many companies have already made large investments in technology to adapt to the challenges that the pandemic has presented.“ It seems a near certainty that there will be substantially more remote work going forward, ” Powell said.... He said some of those industries may be moving to an “ automated, no-contact model.” This trend is already showing up in the jobs data, with the recovery slower in industries that rely on public interaction, such as travel, leisure and hospitality.... Those are j

Unemployment fell to 3.9% in December and officials meeting that month thought they were near a fully recovered labour market, according to minutes of the closed-door debate. The guidance is likely to be retired this month as the Fed prepares to raise rates in March.... The formula officials used back in 2015 – the last time they got ready to liftoff from zero rates – promised “ only gradual ” increases.... It probably can’t be used again.“ What do they say?...

close Video Biden's inflation problem isn't close to being over: Steve Moore Former Trump economic adviser Steve Moore and Fox News contributor Robert Wolf debate the state of Biden's economy on' America Reports.' NEWYou can now listen to Fox News articles!... From Nobel Prize-winning economists to college professors pulling down six-figure salaries, while you grapple with the price of groceries, they say," Let them eat cake." Americans are struggling with food, housing, gas and other energy co

Federal Reserve policy makers should begin tapering of asset purchases in the fall and wind up the process by March in light of U.S. inflation running much higher than expected, Federal Reserve Bank of St.... Louis President James Bullard said.“ My preference would be to get to a decision in September and start sometime after that, ” Bullard told reporters on Friday after giving a virtual speech.... “ You would have to raise the policy rate substantially to put downward pressure on inflation..

Материалы ИноСМИ содержат оценки исключительно зарубежных СМИ и не отражают позицию редакции ИноСМИ Читать inosmi. ru в Последствия войны и инфляции грозят обрушить финансовые рынки США, пишет SCMP.