Federal Reserve officials are set to resume deliberations Wednesday about how and when to beginamid an economic rebound clouded by supply-chain bottlenecks and rising Covid-19 cases.
The central bank at the end of last year said it would continue to purchase $120 billion in Treasurys and mortgage-backed securities monthly until officials deemed they had achieved “substantial further progress” toward their goals of low unemployment and inflation reaching their 2% goal. The Fed will release its policy statement at 2 p.m. EDT. Most of the focus is likely to center on Chairman Jerome Powell’s news conference at 2:30 p.m. Here’s what to watch:Officials are likely to receive a formal staff briefing around when to start paring their monthly purchases of $80 billion in Treasury securities and $40 billion in mortgage securities, and how quickly to reduce, or taper, them.
Wrestling yes... See what happens 🥳
It's weird how capitalists are really comfortable with strict regulation of the money supply, but not anything else, isn't it Rupert?
All aboard …. Next stop financial crisis 🚂🚂🚂🚂🚂🚂🚂🚂🆘🇺🇸🆘🇺🇸🆘🇺🇸🆘🇺🇸
No questions about the black hole, created by the FED and other central banks, sucking billions a month and throwing tantrums every time someone mentions tapering. How are they going to deal with that? Will they ever? Is it infinite QE here to stay? Do they have a plan?
They are going to increase it.
wow
🤡
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