Page 33 - Us Federal Reserve

Trump nominee Shelton's path to Federal Reserve narrows as virus spreads

The Fed has aggressively eased monetary policy using measures Shelton previously called "extreme" to cushion the downturn caused by coronavirus crisis and its economic fallout

Economy still needs fiscal, monetary support: Federal Reserve's Powell

The Fed is committed to "using all of our tools to support the recovery for as long as it takes until the job is well and truly done," Powell said

Donald Trump's final Federal Reserve picks may get Senate nod next week

Senate votes on Trump's former economic adviser Judy Shelton and St. Louis Fed research director Christopher Waller could take place as early as next week

Indices rally for 5th straight day, Sensex up 553 pts; RIL, financials gain

All that happened in the markets today

Fed holds policy steady as US Presidential election hangs in balance

Results from Tuesday's presidential vote were still being tabulated in a few key states, though Democratic nominee Joe Biden was near the number of electoral votes needed to win the White House

Amid US election uncertainty, the Fed is likely to lay low this week

The Federal Reserve is scheduled to release its latest policy statement after two days of debate in which policymakers lacked a critical piece of information: who will run the US for next four years

US economy's rebound sets up test of US Federal Reserve's new pledge

The US economy probably grew by more than 30% on an annualized basis last quarter, economists say, making up most of the 31.4% drop in the second quarter

Fed's Powell: Important for US to get digital currency right than be first

Powell said it is vital the Fed assess what impact a CBDC might have on a range of critical issues

The new orthodoxy

Developed countries may be permanently ending austerity

Recovery will be grinding and slow without more stimulus: Fed's Kashkari

Thousands more businesses could fail if they do not get more support, a trend that can also hurt property owners and lenders, Kashkari added

7 central banks sketch out digital currency as China forges ahead

Look to catch up with China's 'trailblazing', Facebook's Libra

Inflation targeting is a stupid policy

In trying to increase by a fairly random amount an index of prices that they largely can't control, central banks couldn't have done much more harm

Lagarde makes case for aligning ECB's inflation strategy with US Fed

The ECB is widely expected to follow in the footsteps of the Fed, which said last month it would aim for inflation of 2% on average

Best of BS Opinion: RBI's GDP projection, progressive farm Bills, and more

Here's a selection of Business Standard opinion pieces for the day

West's central banks are undergoing a profound shift. RBI must not follow

Starting with the Fed, the West's central bankers are descending into a dangerous spiral of overconfidence. RBI has no such room for error

Chris Wood bullish on cyclical stocks; sees more stimulus from US Fed

GREED & fear's view is that there is a scope for US Fed action inter-meeting if the market action is violent enough

Unemployment rate rises in US as govt stimulus for recovery fades

Federal Reserve Chair Jerome Powell told lawmakers on Wednesday that Congress and the U.S. central bank needed to "stay with it" in working to support the economy's recovery

Fed officials double down on pledge to keep interest rates near zero

The Fed's governing board made that vow last week at its regularly scheduled policy meeting, promising to leave rates at their current near-zero levels until the economy reaches full employment

India in the world of (near) free money

The stance of the large central banks and recent changes in the policy framework mean that the cost of money in the global financial system would remain low in the foreseeable future

Fed, Treasury chiefs back more aid for small biz, but leave details fuzzy

(Reuters) - Top U.S. economic policymakers opened the door on Tuesday to further aid for small businesses hit by the coronavirus-triggered recession, but differed over how broad it might extend and the manner in which it should be delivered.