Wednesday, May 12, 2021
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Fed’s Bullard says ‘it’s too early to talk taper’ while the pandemic continues

St. Louis Federal Reserve President James Bullard acknowledged the progress the economy has made but said Tuesday it's still not time to ease back the throttle on policy.In an interview on CNBC's "Closing Bell," the central bank official said fiscal and monetary policy help as well as aggressive vaccination

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Fed’s Evans says employment and inflation need to pick up before policy changes

Chicago Federal Reserve President Charles Evans told CNBC on Monday that employment and inflation will have to pick up substantially before he will change his position on monetary policy.Speaking after Friday's hugely disappointing jobs report, the central bank official said he still thinks the employment picture is strong, though

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Fed warns about potential for ‘significant declines’ in asset prices as valuations climb

People walk past the U.S. Federal Reserve building in Washington D.C., the United States, May 21, 2020.Ting Shen | Xinhua via Getty ImagesRising asset prices in the stock market and elsewhere are posing increasing threats to the financial system, the Federal Reserve warned in a report Thursday.In its semiannual

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Clarida says the Fed is ‘a long way from our goals’ and tightening policy

Federal Reserve Vice Chairman Richard Clarida told CNBC on Wednesday that he thinks the central bank should keep its ultra-loose policy in place even as the U.S. economy storms back from its pandemic-era tumble.In a "Closing Bell" interview, Clarida said he expects the economy to grow close to 7%

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Fed’s Barkin sees higher inflation this year, but then a reversal in 2022

Richmond Federal Reserve President Thomas Barkin told CNBC on Monday that he sees inflation pressures building this year that he expects to subside in 2022."I think we will see price pressure this year. You've got a very strong demand situation, and you've got constraints in supply," the central bank

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Fed holds interest rates near zero, sees faster growth and higher inflation

The Federal Reserve on Wednesday declined to let up on its easy-money policy despite an economy that it acknowledged is accelerating.As expected, the U.S. central bank decided to keep short-term interest rates anchored near zero as it buys at least $120 billion of bonds each month. The latter part

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The Fed is unlikely to hint at policy changes next week, even with a stronger economy

Federal Reserve Jerome Powell testifies during a Senate Banking Committee hearing on "The Quarterly CARES Act Report to Congress" on Capitol Hill in Washington, U.S., December 1, 2020.Susan Walsh | ReutersFederal Reserve officials next week are likely to paint a robust picture on the economy while simultaneously not even

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Fed’s Waller says the economy is ‘ready to rip’ but policy should stay put

Federal Reserve Governor Christopher Waller said Friday he sees the U.S. economy as set to take off, though not at a fast enough pace that the central bank should start tightening policy."I think the economy is ready to rip," Waller told CNBC's Steve Liesman during a "Squawk on the

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As Coinbase debuts, Powell calls cryptocurrencies ‘vehicles for speculation’

Federal Reserve Chair Jerome Powell holds a news conference following the Federal Reserve's two-day Federal Open Market Committee Meeting in Washington, July 31, 2019.Sarah Silbiger | ReutersCryptocurrencies are largely for making bets on price increases and haven't reached the status of payment mechanisms yet, Federal Reserve Chairman Jerome Powell

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Powell says it’s ‘highly unlikely’ the Fed will raise rates this year, despite stronger economy

Federal Reserve Chairman Jerome PowellKevin Lamarque | ReutersDespite what he sees as a rapidly recovering economy, Federal Reserve Chairman Jerome Powell on Sunday reaffirmed the central bank's commitment to keep loose monetary policy on place.That includes a statement of near-certainty that interest rates won't be going anywhere as inflation

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