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Fed officials owned securities it was buying during pandemic, raising more questions about conflicts

Amid an outcry about Federal Reserve officials owning and trading individual securities, an in-depth look by CNBC at officials’ financial disclosures found three who last year held assets of the same type the Fed itself was buying.
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Among those questions: Should the Fed have banned officials from holding, buying and selling the same assets the Fed itself was buying last year when it dramatically widened the types of assets it would purchase in response to the pandemic?
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https://www.cnbc.com/2021/09/17/fed...c-raising-more-questions-about-conflicts.html
 
Dallas Fed President Robert Kaplan said Monday he is stepping down from his position following a controversy over his stock holdings.

Boston Fed President Eric Rosengren, who had come under similar scrutiny, announced earlier in the day that he was retiring.
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https://www.cnbc.com/2021/09/27/dal...-8-citing-trading-disclosure-distraction.html

I'm not a fed watcher, so I've never heard of Rosengren. Kaplan though, he's a glory hound, always whining to the media. Good bye. Now they can both go and open their own hedge fund or private equity fund like Mnuchin.
 
The latest regarding inflation and unemployment from today's minutes.

Various participants stressed that economic conditions were likely to justify keeping the rate at or near its lower bound over the next couple of years. In addition to noting that the economy was still well below maximum employment, several of these participants suggested that there would likely be sustained downward pressure on inflation in the years ahead.
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https://www.federalreserve.gov/monetarypolicy/fomcminutes20210922.htm
 
Derby’s Take: As FOMC Meeting Nears, Two Fed Governors Issue Hawkish Warnings

Christopher Waller and Randal Quarles say the central bank’s timing for an interest rate rise could be moved forward
By Michael S. Derby
Oct. 27, 2021 5:30 am ET

Over recent weeks, two Fed governors have said that if inflation doesn’t start moderating relatively soon, they believe that could move forward the central bank’s timing for an interest rate rise.
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https://www.wsj.com/articles/derbys...5m0kzknk179&reflink=desktopwebshare_permalink

Are you able to view this article? It's a pay site but it says it is a "free link"?
 
The Fed is expected to announce end to bond-buying program as investors seek clues on first hike

KEY POINTS

On Wednesday, the Federal Reserve is expected to announce it will start unwinding its $120 billion monthly bond purchases – a program it started to support the economy during the pandemic.

Fed Chairman Jerome Powell is likely to stress the end of the bond program and the start of rate hikes are not connected, but the market is already aggressively pricing in two to three hikes next year.

Powell’s comments on inflation could be the most important message from the Fed, since that may help investors get a sense of the central bank’s thinking around interest rate policy.
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https://www.cnbc.com/2021/11/02/federal-reserve-investors-seek-clues-on-interest-rate-hikes.html
 
High Inflation, Falling Unemployment Prompted Powell’s Fed Pivot
Officials have laid the groundwork to more quickly end a pandemic-era stimulus program at their meeting next week

Just four weeks ago, the Federal Reserve set in motion carefully telegraphed plans to gradually wind down a bond-buying stimulus program by June. Officials are making plans to accelerate the process at their policy meeting next week, ending it by March instead.
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https://www.wsj.com/articles/high-i...3vkmpuoplbo&reflink=desktopwebshare_permalink
 
Raising rates would be a positive event for the U.S. economy, New York Fed’s Williams says

“I go into next year feeling [like] the baseline outlook is a very good one. Therefore, actually raising interest rates would be a sign of a positive development in terms of where we are in the economic cycle,” said New York Federal Reserve President John Williams.

His comments came after the Fed signaled earlier this week that it sees as many as three rate hikes in 2022.

The central bank also said this week it would aggressively dial back its bond-buying program.
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https://www.cnbc.com/2021/12/17/rai...e-us-economy-new-york-feds-williams-says.html
 
Fed Expected to Signal Interest-Rate Increases to Start in March
High inflation raises questions over how fast the central bank plans to tighten policy

Federal Reserve officials are set to keep interest rates near zero Wednesday, at the conclusion of their two-day policy meeting, while likely signaling they are preparing to raise rates at their following gathering in mid-March.

The central bank is also poised to approve one final round of asset purchases and resume deliberations over how and when to reverse the pandemic-driven expansion of its $9 trillion securities portfolio later this year.

The Fed will release its policy statement at 2 p.m. ET. 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:
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https://www.wsj.com/articles/fed-ex...bcscp1haa0v&reflink=desktopwebshare_permalink
 
The market must like the news because everything is green. For now. :rolleyes:
 
Fed’s Bullard says the central bank’s ‘credibility is on the line,’ needs to ‘front-load’ rate hikes

St. Louis Fed President James Bullard told CNBC on Monday that he thinks the Fed needs to push interest rates up quickly.

“Our credibility is on the line here,” he said as he advocated for a rapid interest rate increase of a full percentage point.

Markets have begun pricing in seven rate hikes this year since Bullard first made his hawkish position known last week.
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https://www.cnbc.com/2022/02/14/bul...cause-inflation-is-possibly-accelerating.html
 
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