Pressure is building within the Federal Reserve for officials to move as early as next month to more clearly acknowledge improvements in the U.S. economy and lay the groundwork for the central bank’s first interest rate hike in nearly a decade. According to some U.S. central bankers and their close advisers, signs of economic resilience… Continue reading VIDEO: Pressure Builds Within Fed To Signal New Policy Course
Tag: Central bank
VIDEO: Hiring Up, But Yellen ‘dashboard’ Signals Caution
With employers ramping up hiring and the unemployment rate sinking in the past year, pressure is rising on Janet Yellen’s Federal Reserve: Is the time near to raise interest rates to prevent a strengthening economy from igniting inflation? Employers, after all, have added an average 244,000 jobs a month since February — the best six-month… Continue reading VIDEO: Hiring Up, But Yellen ‘dashboard’ Signals Caution
VIDEO: Beijing Rejects IMF’s Hard-landing Warning For China’s Economy
A senior Chinese official hit back on Saturday at International Monetary Fund warnings that China’s economy faced the danger of a hard landing due to poor asset quality, saying the government was taking action to deal with financial risk. Chinese Vice Finance Minister Zhu Guangyao explained that China worked closely with the IMF but did… Continue reading VIDEO: Beijing Rejects IMF’s Hard-landing Warning For China’s Economy