G20 Ministers and Governors Expectations – US and Emerging Markets
The US appears to be continuing the Bernanke paradigm of targeting the unemployment rate of 6.5% and keeping track of an inflation rate target of 2% and the Fed will respond to general conditions as the Federal Reserve sees it. As the IMF has noted the developed countries have recovered well in 2013, thus the […]
Chairwoman Janet Yellen delivers her first Policy Report and emphasizes continuity
Federal Reserve Chairwoman Janet Yellen confirms the Fed will continue easing. The unemployment rate has not reached the Fed target for a faster pace of tapering yet, currently at 6.6%. The Fed is also targeting an inflation rate of 2.0% The Federal Reserve Chairwoman says she “anticipate(s) that economic activity and employment will expand at […]