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 […]
Federal Reserve of US tapers $10Billion in monthly Easing
The Federal Reserve of the United States announced it would taper $10 Billion from its monthly purchases. This indicates that quantitative easing is now being rolled back at a fast pace. Current Fed purchasing will be $65 Billion.