Jefferson, vice-chairperson of the Federal Reserve, said monetary policy remained restrictive. The US economy is performing quite strongly; the labour market is solid, inflation has moderated but remains high and the path back to its 2 per cent target could be bumpy; the Fed can wait as it considers its next move; and Fed rate cuts are reducing real borrowing costs.
Several participants in the Fed's January monetary policy meeting notes that it might be appropriate to consider pausing or slowing the balance sheet until the debt ceiling issue is resolved. Respondents to the Fed survey believe the process will end in mid-2025, slightly later than previously expected.
The Fed's January monetary policy meeting notes that all participants thought it was appropriate to keep the target rate unchanged.
The Federal Reserve's latest monetary policy report pointed out that the overall US economy is in good condition, the financial system remains robust and resilient, Trump's policy has become a key variable, and the Federal Reserve is facing a highly uncertain environment. Click to view...
On January 20, Li Qiang, a member of the Standing Committee of the Political Bureau of the CPC Central Committee and Premier of the State Council, hosted a symposium of experts, entrepreneurs and representatives from the fields of health and sports on the afternoon of January 20 to listen to opinions and suggestions on the "government work report (exposure draft) ". Li Qiang stressed that it is necessary to implement a more active fiscal policy and a moderately loose monetary policy to provide s...
On January 4th, the 2025 People's Bank of China Work Conference was held from January 3rd to 4th. The meeting emphasized that give full play to the central bank's macroprudential and financial stability functions, and hold the bottom line of no systemic financial risks. Improve the macroprudential policy framework, strengthen the study and judgment of systemic financial risks, and enrich the toolbox of macroprudential policies. Improve the monitoring, assessment, early warning and response mecha...
On December 29th, since the beginning of this year, the policy adjustment has not been small. How much room is there in the future? "After the implementation of the RRR cut policy, the average deposit reserve ratio of the banking industry is about 6.6%. Compared with the central banks of major economies in the world, there is still some room for this level." Pan Gongsheng, governor of the People's Bank of China, said. Referring to the next policy considerations, Pan Gongsheng said: "Increase the...
Bank of England Monetary Policy Commissioner Dingra: Policy should be further relaxed.
Bank of Korea: The Bank of Korea's monetary policy committee will meet early Wednesday to discuss market stabilization measures.
Some observers believe that the RBA's monetary policy tools are more powerful than those of many other central banks because the country's mortgages are mostly at variable rates and household debt is high. HSBC chief economist Paul Bloxham said this means that in the post-COVID-19 pandemic era, the RBA does not have to tighten monetary policy as much as before to achieve the same effect. However, the RBA assistant chief...