“There is room for a substantial decline in the unemployment rate to 4.9% in the coming months,” the chairman of the Federal Reserve Bank said on Friday. St. Louis James Bullard, Reuters reported. Additional conclusions “Spread of the virus domestically may require a new educational initiative to change behavior.” “Even in light of the new […]
Tag: Fed
Unemployment is still very high and we are still in a deep hole – Williams
New York Federal Reserve Chairman John Williams said Friday that the US economic indicators have been better than expected as reported by Reuters. He also stated that the unemployment is still very high. “The increase in COVID cases puts a question mark on the economy and growth is expected to slow,” Williams said. He pointed […]
The Fed has a contribution to make on climate change
Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System, make a speech in the European Central Bank Forum on Central Banking. Key statements “The Fed has a contribution to make on climate change.” “The public has a right to expect the Fed to ensure that the financial system is resilient to […]
Income disparities hold back the US economy.
Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System, delivers a speech at the European Central Bank Forum on Central Banking. Key statements “Banks have done well so far in this crisis.” “Income disparities hold back the American economy.” “This crisis is accelerating many pre-existing technology opportunities.” “We will not go […]
It’s too early to assess the implications of vaccine news for the economy
Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System, delivers a speech at the European Central Bank Forum on Central Banking. Key statements “The recovery in the United States has been faster than expected.” “The main risk we see is a further spread of the disease.” “The economy continues on a […]
US Dollar DXY Index Consolidates Above 93.00 Level Before CPI and Powell
The DXY index looks firm and is advancing above the 93.00 level on Thursday. Investors’ attention continues to be the pandemic and possible vaccines. Inflation figures and initial US jobless claims will be released today. The US Dollar DXY Index, which measures the strength of the dollar against a basket of major currencies, seeks to […]
The Fed is ready to do whatever it takes to support the economy
The president of the San Francisco Federal Reserve, Mary Daly, he told Reuters on Tuesday that he sees a moderate and gradual recovery in the US economy going forward. Additional conclusions “The increase in COVID-19 cases creates uncertainty and could slow the pace of growth.” “The lack of resolution on the political process adds to […]
More small business bankruptcies likely by the end of the year
Dallas Federal Reserve Chairman Robert Kaplan, said Tuesday that it supports the accommodative attitude, but added that it does not know whether the Federal Reserve should commit to keeping rates at zero, Reuters reported. Additional conclusions “There is no doubt that unemployment assistance has been vital for those who are out of work or working […]
The Fed is discussing what else should be done
The policy of the Federal Reserve is in a really good place, the President of the San Francisco Federal Reserve, Mary Daly. Additional conclusions “The vaccine is good news, but increasing cases is a priority.” “We need to continue to support the American people as we move through this virus.” “Fed policy can adapt to […]
Rosengren says that a large number of companies will have a hard time surviving even if the virus is contained
Even if the coronavirus is contained relatively quickly, a large number of companies will have a difficult time surviving Boston Federal Reserve Chairman Eric Rosengren argued Tuesday, Reuters reported. “We have seen many banks significantly toughen credit standards Rosengren added.The assumption that we would not have a second wave of viruses and that we would […]
