Category Archives: Economic news

A Yellen replacement is unlikely to throw Fed off course, says Bullard

As President, Donald Trump officially started his presidential career in January, deafening whispers to circulate around Washington that it is soon the end of another coveted title: the Federal Reserve chair was able to write.

Six months, Janet Yellen, remains at the helm of the US Central Bank and, according to one of its members, the chances of a drastic overhaul are becoming less and less likely.

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“What’s the rush’ on interest rate hikes, asks Fed Kashkari

With inflation low and wages there is little sign of an upward wave, the US Central Bank should not increase interest rates, Minneapolis Fed President Neel Kashkari said on Tuesday.

“What’s the hurry?” Kashkari asked, at an event at the Michigan Technological University in Houghton, Michigan to add that neither wages nor inflation data, signs of overheating in the economy and in fact may suggest that there is still some slack in the labour market.

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