Wall Street Pundits Rewrite Playbook as Fed Reverses Years of QE
Which case is most likely is at the heart of a debate among investors bracing for the most aggressive U.S. monetary tightening in decades.
Which case is most likely is at the heart of a debate among investors bracing for the most aggressive U.S. monetary tightening in decades.
Rep. Katie Porter (D-CA) is one of several politicians calling for a ban on stock trading by current members of Congress.
The bond market, St. Louis Fed President, said “is not looking like a very safe place to be.” Few investors would argue with that.
San Francisco Fed President Mary Daly said Thursday she sees case for quickly moving to raise interest rates this year as inflation remains high.
Inflation pressures fueled by the war in Ukraine and the prolonged supply-chain chaos have bolstered expectations for policy tightening by the Fed.
Powell said 50 basis-point increase possible at Fed’s May 3-4 meeting. Comments by colleagues since have hardened expectations they’ll make that move.
President Joe Biden on Friday said he would nominate former Treasury official Michael Barr to be the Federal Reserve's top regulatory official.