Though the Federal Reserve’s efforts to keep markets running and boost the economy are just getting into gear, its asset portfolio has reached levels never seen before. The central bank’s balance sheet, which consists largely of bonds and other assets it has purchased over the years, ballooned to $5.3 trillion for the week ending Wednesday. […]
Tag: Central banking
Economy is ‘like a coiled spring’ and sharp rebound is possible
Investors should avoid getting too bearish after Monday’s global market rout, according to Patrick Armstrong, chief investment officer of Plurimi Investment Managers. Markets in Europe and the U.S. suffered their worst day since the financial crisis on Monday as a combination of the global spread of the new coronavirus and plunging oil prices sent investors […]
‘Politics doesn’t enter the room,’ Fed’s Mester says after Trump tweets
Loretta Mester, president and chief executive officer of the Federal Reserve Bank of Cleveland. Michael Nagle | Bloomberg | Getty Images U.S. Federal Reserve policymakers are unmoved by political pressure, according to Cleveland Fed President and CEO Loretta Mester. The Fed announced an emergency 50 basis point cut to interest rates on Tuesday, in a […]
Trump criticizes Fed, calls for lower rates amid coronavirus fallout
Donald Trump and Jerome Powell Getty Images President Donald Trump on Saturday doubled down on his criticism of the Federal Reserve and what he sees as its reluctance to lower interest rates in the midst of coronavirus fears and its potential impact on the American economy. “Our Fed should start being a leader,” Trump said […]
Bank of England holds key interest rate steady
Mark Carney, the outgoing Governor of the Bank of England. Matt Dunham | WPA Pool | Getty Images The Bank of England (BOE) on Thursday held interest rates following Governor Mark Carney’s final monetary policy meeting. Sterling jumped 0.5% against the dollar to trade at around $1.3084 after the central bank’s Monetary Policy Committee (MPC) […]
Fed could cut rates 3 times as tariffs drag down US growth: UBS
Swiss wealth big UBS has predicted that the U.S. Federal Reserve might decrease rates of interest 3 times in 2020 — a forecast that differs broadly from many different projections calling for no change or only one charge minimize this 12 months. Arend Kapteyn, international head of financial analysis at UBS, mentioned on Tuesday […]