“We live in a world of multiple variants we are watching closely. That’s where the risk lies,” said Former Atlanta Fed president Dennis Lockhart. He added that “transient” inflation “now means longer than a few months.”
Former Atlanta Federal Reserve president Dennis Lockhart, speaking a day after monetary-policy makers laid out their interest-rate outlook for the next few years, indicated in a Thursday television interview how tightly, in his mind, concerns about the U.S.
“We live in a world of multiple variants we are watching closely. That’s where the risk lies,” said Lockhart, who retired in 2017 as president of the Federal Reserve Bank of Atlanta. He added that “transient” inflation “now means longer than a few months.” Coronavirus Update: CDC to meet on boosters just hours after FDA authorized their use for seniors and high-risk individuals, as Africa slams U.K.’s travel rules
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Fed will try to soothe markets Wednesday, while preparing investors for end to bond buyingAfter Monday's market turbulence, the Fed's challenge will be to sound reassuring while acknowledging it is getting ready to move away from its easy policy.
Read more »
Here's why the Fed won't announce tapering this weekThe Federal Reserve is unlikely to take its foot off the stimulus gas pedal this week as the recovery has run into some roadblocks. Most notably: the Delta variant.
Read more »
Asian trade tense in the shadow of Evergrande and the FedAsian stock markets made a cautious start on Wednesday and the dollar held firm amid lingering nerves about the fallout from a looming failure at developer China Evergrande and anticipation the Federal Reserve may move a step closer to tapering.
Read more »
Consumers will pay more to fly because of American Airlines-JetBlue deal, fed suit saysThe Justice Department is suing to stop American Airlines and JetBlue from coordinating Northeast flights, saying the deal will bring higher fares for flights between many U.S. cities.
Read more »
European stocks head for higher open as markets prepare for Fed updateEuropean stocks are expected to open higher on Wednesday as global investors await the outcome of the latest meeting of the U.S. Federal Reserve.
Read more »
Wall Street ends near flat on cautious note ahead of Fed meetingU.S. stocks ended near flat on Tuesday after a broad sell-off the day before, with worries over troubles at developer China Evergrande and caution ahead of Wednesday's Federal Reserve policy news keeping a lid on the market.
Read more »