Fed’s
Lawmakers Press Fed’s Bowman on Her Priorities as the Next ‘Banking Watchdog’
Appearing before the U.S. Committee on Banking, Housing and Urban affairs on Thursday, Federal Reserve Governor Michelle Bowman was questioned by lawmakers on how she’ll treat her role in the Fed after being nominated for vice chairman for Supervision—a key Fed position focused on banking regulation. Senators pressed Bowman on whether she will commit to… […]
Inflation Remains Elevated Ahead of Fed’s March Meeting
Inflation remains elevated and consumer spending has tightened as all eyes are on the Fed’s favorite inflation measure ahead of the central bank’s closely watched March meeting. The Personal Consumption Expenditures (PCE) price index (tracking costs of goods and services) for January increased 0.3%, and saw the same increase excluding food and energy, according to… […]
Fed’s Kaplan cites real estate excesses as one reason to start tapering purchases
Dallas Federal Reserve President Robert Kaplan cited potential excesses in the housing market as an indication that the central bank should start tapering….(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it. Around The Web
Fed’s Evans says he doesn’t fear 2.5% inflation, or even above
(Reuters) – The Federal Reserve will keep interest rates at zero until the economy reaches full employment, inflation is “sustainably” at 2% and the Fed is confident it will overshoot that goal, Chicago Federal Reserve President Charles Evans said Wednesday….(read more) Forward this article via email: Send a copy of this story to someone you know […]