Fed's Kashkari expects higher inflation continuing over next few months

FILE PHOTO: Minneapolis Federal Reserve Bank President Neel Kashkari poses during an interview with Reuters in his office at the bank’s headquarters in Minneapolis, Minnesota, U.S., January 10, 2020. REUTERS/ Ann Saphir(Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari said on Sunday he expects higher inflation continuing over the next few months but warned […]

Explainer-What are investors focused on for the next Fed chair?

NEW YORK (Reuters) – A lack of news over U.S. President Joe Biden’s pick for Federal Reserve chair is introducing unpredictability for investors at a crucial time, as the central bank prepares to taper its asset purchases and start hiking rates.FILE PHOTO: Federal Reserve Chairman Jerome Powell poses for photos with Fed Governor Lael Brainard […]

Troubled Student Loan Forgiveness Program Gets an Overhaul

The Biden administration is overhauling a student loan forgiveness program for public service employees that had become a notorious quagmire, introducing a sweeping set of fixes on Wednesday that Education Department officials said would help more than a half-million people get closer to the relief they had been denied for years. Previous patchwork efforts to […]

Fed's Mester repeats first rate hike could come at the end of 2022

FILE PHOTO: Cleveland Fed President Loretta Mester takes part in a panel convened to speak about the health of the U.S. economy in New York November 18, 2015. REUTERS/Lucas Jackson/File PhotoNEW YORK (Reuters) – The Federal Reserve’s conditions for raising interest rates could be met by the end of 2022, Cleveland Fed Bank President Loretta […]

Evergrande debt troubles seem particular to China -U.S. Fed's Powell

The logo of China Evergrande Group seen on the Evergrande Center in Shanghai, China September 22, 2021. REUTERS/Aly Song(Reuters) -U.S. Federal Reserve Chair Jerome Powell said on Wednesday that the debt problems of property developer Evergrande seem particular to China and that he did not see a parallel with the U.S. corporate sector. A potential […]

Fed to release paper on central bank digital currency soon, Powell says

(Reuters) – The Federal Reserve will release research “soon” examining the costs and benefits of a central bank digital currency, or CBDC, Fed Chair Jerome Powell said on Wednesday. “We’re working proactively to evaluate whether to issue a CBDC and, if so, in what form,” Powell said in a news conference following the conclusion of […]

Fed signals bond-buying taper coming 'soon,' rate hike shifts to 2022

WASHINGTON (Reuters) -The Federal Reserve on Wednesday cleared the way to reduce its monthly bond purchases “soon” and signaled interest rate increases may follow more quickly than expected, with nine of 18 U.S. central bank policymakers projecting borrowing costs will need to rise in 2022.Slideshow ( 2 images )The actions, which were included in the […]

With the focus on a taper, five questions for the Fed

NEW YORK (Reuters) – Investors are fixated this week on the Federal Reserve’s policy meeting as the U.S. central bank approaches the final quarter of the year, when it is expected to begin paring back its unprecedented level of bond purchases as the first step toward normalizing monetary policy.FILE PHOTO: Federal Reserve Board building on […]