Category: policymakers

Fed Policymakers Signal Rate-Hike Slowdown Coming, but No Easing

Federal Reserve policymakers on Thursday expressed relief that inflation continued easing in December, paving the way for a possible step down to a quarter-point interest rate increase when the U.S. central bank meets in just under three weeks. U.S. consumer prices fell in December in the first month-to-month decline in more than 2–1/2 years, and…


Yellen Says Policymakers Improving Coordination on Global Economic Challenges

WASHINGTON—Treasury Secretary Janet Yellen said on Friday that policymakers are improving coordination to tackle many of the challenges facing the global economy. “Inflation is elevated in many countries. Growth is slowing globally. We are also seeing swings in capital flows and strong movements in financial markets,” Yellen said in remarks prepared for delivery at a…


Omicron Shows Policymakers Can’t Let Guard Down: BIS

LONDON—The newly-discovered Omicron variant shows policymakers and financial markets cannot lower their guard on COVID-19 and will have to calibrate their policies carefully, the Bank for International Settlements said on Monday. Dubbed the central bank to the world’s central banks due to its regular gatherings of decision makers, the Swiss-based BIS said Omicron had already…


Euro Zone Inflation Decline May Be Slower: Policymakers

FRANKFURT—Euro zone inflation may fall more slowly than earlier thought, partly on persistent supply chain bottlenecks, but the European Central must not overreact by removing stimulus too quickly, two ECB policymakers said on Friday. Inflation shot above 4 percent last month, more than twice the ECB’s 2 percent target, on soaring energy prices and industrial…


Japanese Policymakers Reaffirm BOJ’s Commitment to 2 Percent Inflation Target

TOKYO—Japanese policymakers on Tuesday reaffirmed the Bank of Japan’s (BOJ) commitment to its 2 percent inflation target in a meeting held between the central bank chief and the country’s economy and finance ministers. The Japanese government and the central bank also agreed to keep in close contact and cooperation, in line with commitments made in…