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Policy – XtremeCuztoms

Category: Policy

Fed’s Barkin Says ‘Comfortable Doing More’ If Inflation Does Not Fall

WASHINGTON—Richmond Federal Reserve president Thomas Barkin said Friday he is comfortable with further interest rate increases if coming data does not show that weakening demand for goods and services is feeding through to slower inflation. “I am still looking to be convinced of the plausible story that slowing demand returns inflation relatively quickly” to the…


ECB Lifts Interest Rates to 22-year Highs

LONDON—The European Central Bank raised interest rates for the eighth successive time, as expected, on Thursday and signalled further policy tightening, as it battles high inflation. The central bank for the 20 countries that share the euro also said it expected inflation to stay above its 2 percent target through 2025 and hinted once again…


High Interest Rates, High Inflation, and Record Debt

Commentary Financially, it’s going to be an interesting summer. At the moment mortgage rates are hitting 7 percent, median rent prices are at $1,850 per month, and the average car payment is around $950 per month. Household debt is currently at $17.1 trillion, mortgages are at $12 trillion, and auto loans are at $1.6 trillion….


BOJ’s New Chief Keeps Ultra-Low Rates, Embarks on Policy Review

TOKYO—The Bank of Japan (BOJ) kept ultra-low interest rates on Friday but announced a plan to review its past monetary policy moves, laying the groundwork for new Governor Kazuo Ueda to gradually phase out his predecessor’s massive stimulus programme. While maintaining its commitment to “patiently” keep policy accommodative, the central bank removed a pledge from…


Fed’s Williams Doubts Monetary Policy Spiked Banking Sector Stress

NEW YORK—Federal Reserve Bank of New York President John Williams said on Monday that financial system troubles that drove the central bank to provide large amounts of credit to banks is not collateral damage from the Fed’s aggressive effort to lower inflation. “I personally don’t think the pace of rate increases was behind the issues…


Nine Months of Monetary Restraint: What’s Next?

Commentary Faced with the highest inflation in 40 years, the Federal Reserve decided a year ago to adopt a restrictive monetary policy. Although there is widespread agreement monetary policy has turned restrictive, it is less clear just how restrictive monetary policy has been and what effect it will have on the economy and inflation. Measuring…


LIVE 2:15 PM ET: Federal Reserve Chair Powell Holds News Conference After US Fed Policy Decision

U.S. Fed Reserve Chairman Jerome Powell holds a news conference after the release of a Federal Reserve policy decision at 2:15 p.m. ET on March 22. …


Federal Reserve Chair Powell Holds News Conference After US Fed Policy Decision

U.S. Fed Reserve Chairman Jerome Powell holds a news conference after the release of a Federal Reserve policy decision at 2:15 p.m. ET on March 22. …


LIVE 11:30 AM ET: House GOP Retreat Day 2: Lawmakers Give Update on Policy on Economy and Debt

On Day 2 of the U.S. House Republicans’ retreat, Republican lawmakers update the press on their policies regarding the economy and the national debt at 11:30 a.m. ET on March 20. …


House GOP Retreat Day 2: Lawmakers Give Update on Policy on Economy and Debt

On Day 2 of the U.S. House Republicans’ retreat, Republican lawmakers update the press on their policies regarding the economy and the national debt at 11:30 a.m. ET on March 20. …