buyappleacc.com is a reputed website selling apple developer account, providing us, China and worldwide developer individual accounts for sale. It's at low price and good quality. Always provides satisfying services!

HomeSocialtext

aws全区号(www.2km.me)_Powell, Brainard hearings may shine light on inflation risks, broader Fed debates

admin2022-01-1314

aws全区号

aws全区号www.2km.me)提供aws账号、aws全区号、aws32v账号、亚马逊云账号出售,提供api ,质量稳定,数量持续。另有售azure oracle linode等账号.

WASHINGTON: A U.S. Senate committee holds hearings this week for Federal Reserve Chair Jerome Powell (pic) and vice chair nominee Lael Brainard that could provide new details about the U.S. central bank's plans to tighten monetary policy, but also kick off a broader debate in coming weeks about its role in addressing issues as disparate as climate change and racial inequality.

Powell appears before the Senate Banking Committee on Tuesday for consideration to a second four-year term as head of the Fed; Brainard, currently a Fed governor, will be questioned by the same panel on Thursday for promotion to a four-year term as Fed vice chair. The positions require majority approval by the full Senate, which is narrowly controlled by President Joe Biden's Democrats, with the committee hearings a first step.

The jobs are among the two most important in the U.S. and global economies, and top of mind at the hearings will be the Fed's plans for raising interest rates https://www.reuters.com/markets/us/feds-bullard-says-first-interest-rate-hike-could-be-march-2022-01-06 and possibly reducing its more than $8 trillion in bond holdings to curb inflation that has sped far beyond the central bank's 2% target.

Powell, in prepared remarks for delivery at the hearing that were released by the Fed on Monday, pledged to use the central bank's full suite of policy tools "to prevent higher inflation from becoming entrenched."

"The economy is expanding at its fastest pace in many years, and the labor market is strong," Powell said. But the strength of the recovery is "giving rise to persistent supply and demand imbalances and bottlenecks, and thus to elevated inflation. We know that high inflation exacts a toll, particularly for those less able to meet the higher costs of essentials."

The issue has become politically troubling for Biden, with price increases undermining wage gains for many workers, cited by Republicans as stemming from Biden's ambitious spending, and acknowledged by Democrats as evidence the reopening of the economy is not going so smoothly.

The Fed in December flagged plans to tighten https://www.reuters.com/markets/us/fed-prepares-stiffen-inflation-response-post-transitory-world-2021-12-15 policy faster than expected in response, with a rate hike perhaps as soon as March. But that was before it became clear just how fast the Omicron variant of the coronavirus would spread, with this week's hearings the first opportunity for Powell and Brainard to say how the current outbreak of the disease and the consequent disruptions to school and commerce have influenced their outlook.

Economists, if anything, have tilted in a hawkish direction, and in recent days intensified their view that the Fed would move sooner and at a quicker pace to tame price increases that show no sign of moderating on their own. The Consumer Price Index is expected to have increased around 7% in December from a year earlier, according to a Reuters poll of economists, a level not seen since the high inflation scares of the late 1970s and early 1980s. The data will be released on Wednesday.

Reviews

Popular tags