BoE Total Emergency Bond Buying Reaches £19.25 Bln On Final Day
*BoE Says It Purchased £1.321 Bln Of Gilts In Buying Operation— *seven (@sevenloI) October 14, 2022
*BoE Total Emergency Bond Buying Reaches £19.25 Bln On Final Day
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British Prime Minister Liz Truss on Friday scrapped more key tax-cutting policies after sacking her finance minister, in a bid to placate markets after the governmentís ...
tweet at 10:34am: FED'S COOK: LABOR MARKET IS VERY STRONG tweet at 10:37am: Fedís Cook: - Labor Market Is Very Strong - Inflation Remains Stubbornly and Unaccepatbly High - Core Inflation Has Been Surprisingly Strong - Bottlenecks Easing, Ex-Gas Prices Still Rising Rapidly - Broad Inflation Pressures Suggest Economy Is Very Tight tweet at 10:39am: FED'S COOK: NEED ONGOING RATE HIKES #News #Forex tweet at 10:43am: Fedís Cook: - At Some Point, Appropriate to Slow Pace of Rate Hikes - It Is Always a Balancing Act With the Fedís Dual Mandate - Fedís Rate Increases Aimed to Do Something Now so We Donít Have To Do More Later - Donít Want Stop And Go Policy - We Are Committed to Price Stability
tweet at 10:21am: Fedís Daly: - Mindful About Making Sure Inflation Doesnít Become Embedded - Weíll Stop Raising Rates When Appropriate, and Then Will Hold It for A While - We Can Correct Our Course if Needed - 4.5%-5% Is Most Likely Top Fed Funds Rate, Then Will Hold It There tweet at 10:22am: FED'S DALY: THE FED'S SUMMARY OF ECONOMIC PROJECTIONS IS NOT OUT OF DATE. IT IS AN EXCELLENT POLICY GUIDE. tweet at 10:23am: FED'S DALY: US DOMESTIC DATA STRONGLY SUGGESTS FURTHER RATE HIKES. tweet at 10:24am: FED'S DALY: WE NEED TO SLOW GDP GROWTH SUBSTANTIALLY tweet at 10:25am: FED'S DALY: IF NECESSARY, WE CAN ALTER OUR COURSE.
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Consumer spending was flat in September as prices moved sharply higher and the Federal Reserve implemented higher interest rates to slow the economy, according to government ...
Federal Reserve officials are likely to once again raise their outlook for how high theyíll have to lift interest rates following the latest bout of bad inflation news. Several ...
Thank you, Professor Jackson, and thank you to the Harvard National Security Journal for the invitation to speak at this symposium. As the payment system continues to evolve rapidly and the volume of digital assets continues to grow, it is critical to ensure that we keep both the benefits and risks of digital assets in the policy conversation, including the implications for America's role in the global economy and its place in the world. My speech today focuses on exactly this issue and on an aspect of the digital asset world that is now the center of domestic and international attentionócentral bank digital currencies (CBDCs) and how they relate to the substantial international role of the U.S. dollar.1 In January 2022, the Federal Reserve Board published a discussion paper on CBDCs to foster a broad and transparent public dialogue, including the potential benefits and risks of a U.S. CBDC.2 To date, no decisions have been made by the Board on whether to move forward with a CBDC. But my views are well known. As I have said before, I am highly skeptical of whether there is a compelling need for the Fed to create a digital currency.3 I am not a national security expert. But one area where economics, CBDCs, and national security dovetail is the role of the dollar. Advocates for creating a U.S. CBDC often assert how it is important to the long-term status of the dollar, particularly if other major jurisdictions adopt a CBDC. I disagree. As I will discuss, the underlying reasons for why the dollar is the dominant currency have little to do with technology, and I believe the introduction of a CBDC would not affect those underlying reasons. I offer this view, again, in the spirit of dialogue, knowing how tweet at 12:15pm: Fedís Waller: I Disagree That Creating a U.S. Central Bank Digital Currency Is Important to Long-Term Status of Dollar - Donít Think There Are CBDC Implications for the Role of the U.S. in Global Economy, Financial System tweet at 12:15pm: Fedís Waller: Debate on CBDC Should Center on Financial Stability, Improvements to Payments System, Financial Inclusion https://t.co/Yaz6EBbcvy