The president of the Federal Reserve Bank of Boston added his voice to a growing number of people, inside and outside the Fed, who say the central bank should soon begin to dial back its extraordinary aid for an economy that is strongly recovering from the pandemic recession. Eric Rosengren said in an interview with The Associated Press that the central bank should announce in September that it will begin reducing its $120 billion in purchases of Treasury and mortgage bonds this fall. The bond buying, which the Fed initiated after the coronavirus erupted in March of last year, has been intended to lower longerterm interest rates and encourage borrowing and spending.
from Top Business News- News18.com https://ift.tt/3lP8MlR
via IFTTT
Subscribe to:
Post Comments (Atom)
-
Theyve endured a financial crisis. Two deep recessions. Mounds of student debt. Stagnant pay. Costly health care. Dim job prospects. from ...
-
Krsnaa Diagnostics IPO Allotment: Investors can check the share allotment status in two ways a) via BSE b) via registrar’s website from To...
-
....क्योंकि पढ़ाई के लिए महंगी कीमत चुकानी पड़ती है... यहां के बच्चों को बाघों के इलाके में पढ़ने लिए हर... from आज तक https://ift.tt/2Ec...
No comments:
Post a Comment