The part discusses Yellen’s take on the monetary policy challenges, the role of qualitative and quantitative forward guidance since the Great Recession, and the recovery.
In this part, we will discuss Janet Yellen’s views on labor market slack, one of the “three broad questions” posed by the Fed Chair, the answers to which are likely to shape the future monetary policy.
Over the course of his speech, Plosser provided several reasons why simplicity and transparency can enable markets to price risks in a more informed manner.
Although GDP grew at a little under 3.5% in the second half of 2013, up from an average rate of 2% in the past three years, inflation remains at ~1% level, well below the Fed’s long-term target of 2%.
Consumer credit figures for February will be released by the U.S. Federal Reserve on Monday, April 7. It’s a monthly release, and the headline number for the report is total consumer debt.
At the recently concluded Federal Open Market Committee (or FOMC) meeting of the U.S. Federal Reserve, the Fed said it would remove the quantitative thresholds from its policy statement.
The Fed’s tapering of monthly asset purchases is expected to end this fall. Markets are closely watching for developments on the Fed front as to when the base rate might rise.
