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International

Lindsay Dunsmuir

More Fed officials open to speeding up bond-buying taper, rates liftoff

Nov 24 2021

(Reuters) -A growing number of Federal Reserve policymakers indicated they would be open to speeding up the elimination of their bond-buying program if high inflation held and move more quickly to raise interest rates, minutes of the U.S. central bank's last policy meeting showed.

With Fed's Powell renominated, focus turns to speed of bond-buying taper

Nov 24 2021

Nov 24 As Federal Reserve Chair Jerome Powell looks forward to four more years at the helm of the world's most powerful central bank, attention is turning to whether he and his fellow policymakers will have to wean the U.S. economy off emergency support faster in the face of high inflation.

Powell's rollercoaster ride at the Fed: From 'enemy' to economic savior

Nov 22 2021

U.S. Federal Reserve Chair Jerome Powell, 68, renominated by President Joe Biden for a second four-year term as leader of the world's most powerful central bank, has been on a rollercoaster ride since he joined the institution almost a decade ago. Here are some of the highlights of his time at the Fed:

As inflation surges, Fed to debate faster taper, earlier rate hikes

Nov 19 2021

Federal Reserve policymakers are publicly debating whether to withdraw support for the U.S. economy more quickly to deal with surging inflation, with one of the central bank's most influential officials signaling on Friday that the idea will be on the table at the Fed's next meeting.

U.S. workers quitting reaches record high, job openings edge down in September

Nov 12 2021

The number of Americans voluntarily quitting their jobs rose to a record high in September while job openings stayed stubbornly above pre-pandemic levels, a sign that businesses may have to continue to raise wages in order to attract workers. | Video

Explainer-Federal Reserve's taper: How does it work?

Nov 03 2021

The U.S. Federal Reserve announced on Wednesday it will begin to reduce its asset purchase program this month, removing a first pillar of emergency monetary policy accommodation introduced in March 2020 to shield the economy from the COVID-19 pandemic.

EXPLAINER-Federal Reserve's taper: How does it work?

Nov 03 2021

Nov 3 The U.S. Federal Reserve is set to announce on Wednesday it will begin to reduce its asset purchase program as early as this month, removing a first pillar of emergency monetary policy accommodation introduced in March 2020 to shield the economy from the COVID-19 pandemic.

The U.S. Federal Reserve's take on greening the economy: Not our job

Nov 02 2021

The U.S. Federal Reserve trails other major central banks in tackling climate change, even as President Joe Biden pledges a "whole of government" approach and fights to salvage his ambitious climate agenda as global leaders meet in Glasgow to hash out responses to rising world temperatures.

Time for Fed to taper bond purchases but not to raise rates, Powell says

Oct 22 2021

(Reuters) -Federal Reserve Chair Jerome Powell on Friday said the U.S. central bank should start the process of reducing its support of the economy by cutting back on its asset purchases, but should not yet touch the interest rate dial.

Fed report shows wage pressures amid 'modest to moderate' economic growth

Oct 20 2021

(Reuters) -U.S. employers reported significant increases in prices and wages even as economic growth decelerated to a "modest to moderate" pace in September and early October, the Federal Reserve said on Wednesday in its latest compendium of reports about the economy.

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