{"id":331794,"date":"2021-08-27T18:45:26","date_gmt":"2021-08-27T15:45:26","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/fed-could-tighten-money-policy-this-year-inflation-risks-low\/"},"modified":"2021-08-27T18:45:26","modified_gmt":"2021-08-27T15:45:26","slug":"fed-could-tighten-money-policy-this-year-inflation-risks-low","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/fed-could-tighten-money-policy-this-year-inflation-risks-low\/","title":{"rendered":"#Fed could tighten money policy this year, inflation risks low"},"content":{"rendered":"<p>&#8220;<strong>#Fed could tighten money policy this year, inflation risks low<\/strong>&#8221;<\/p>\n<div>\n<aside class=\"single__inline-module alignleft\">\n        <\/aside>\n<p>Federal Reserve Chairman Jerome Powell said the central bank could begin reversing its easy-money policies as soon as this year \u2014 and predicted that inflation, while a concern, is temporary and will subside in the coming months. <\/p>\n<p>Speaking at the Kansas City Federal Reserve Bank\u2019s annual symposium, Powell emphasized the employment gains and economic recovery and said, \u201cIt could be <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ropriate to start reducing the pace of asset purchases this year.\u201d<\/p>\n<p>Powell added that tapering the $120 billion in monthly bond buying shouldn\u2019t hurt the economy. \u201cEven after our asset purchases end, our elevated levels of long term securities holding will continue to support accommodative financial conditions,\u201d he said.<\/p>\n<p>Powell did not say when the Fed will hike interest rates \u2014 a topic of discussion at the Fed\u2019s meeting on Sept. 21 \u2014 but suggested it won\u2019t be imminent. Before raising rates, Powell said the Fed would look to hold inflation at 2 percent and make sure the gains in employment numbers hold.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/powell-fed-03.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"new york stock exchange\" class=\"wp-image-19266580\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/powell-fed-03.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/powell-fed-03.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/powell-fed-03.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>The Delta variant upended the Fed\u2019s plans to meet in person at Jackson Hole \u2014 and could upend any plans to hike rates as well.<\/figcaption><figcaption><span class=\"credit\">AP<\/span><\/figcaption><\/figure>\n<p>\u201cThe timing and pace of the coming reduction in asset purchases is not intended to be a direct signal as to the timing of any future interest rate increases,\u201d Powell added.<\/p>\n<p>Powell\u2019s speech comes as the debate over inflation and bond buying reaches a fever pitch. On Thursday and Friday, four separate Federal Reserve officials called for an end to the policy as inflation surges.<\/p>\n<p>The meeting, which is typically held in Jackson Hole, Wyoming, was held virtually for the second year in a row. Conference organizers announced just last week they were shifting from an in-person event to a virtual format amid fears of the ultra-contagious Delta variant.<\/p>\n<p>The newest surge in coronavirus cases complicated both the conference and the Fed\u2019s plans to slow down the pace of bond-buying and possibly raise rates. Still, Powell said he believes Delta is only a \u201cnear-term\u201d risk. <\/p>\n<p>Friday morning, president and CEO of the Federal Reserve Bank of Cleveland Loretta J. Mester said in a CNBC interview, \u201cWe just don\u2019t need the same kind of accommodation that we needed at the height of the crisis and I\u2019m comfortable that we\u2019ve met our conditions.\u201d<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/powell-fed-01.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"jerome powell\" class=\"wp-image-19266630\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/powell-fed-01.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/powell-fed-01.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/powell-fed-01.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Chairman Jerome Powell\u2019s message buoyed markets \u2014 the Dow gained more than 200 points following his speech.<\/figcaption><figcaption><span class=\"credit\">AP<\/span><\/figcaption><\/figure>\n<p>Powell spent much of his speech discussing inflationary concerns and noted that responding to inflation \u201cmay do more harm than good\u201d given that inflation is often \u201ctemporary.\u201d<\/p>\n<p>\u201cInflation at these levels is, of course, a cause for concern. But that concern is tempered by a number of factors that suggest that these elevated readings are likely to prove temporary,\u201d\u00a0he said.<\/p>\n<p>Market watchers were paying close attention to Powell\u2019s remarks \u2014 and seemed largely pleased with his message. Following his speech, the Dow Jones industrial average on Friday was recently up more than 227 points at 35,440.50.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2021\/08\/27\/powell-fed-could-tighten-money-policy-this-year-inflation-risks-low\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Fed could tighten money policy this year, inflation risks low&#8221; Federal Reserve Chairman Jerome Powell said the central bank could begin reversing its easy-money policies as soon as this year \u2014 and predicted that inflation, while a concern, is temporary and will subside in the coming months. Speaking at the Kansas City Federal Reserve Bank\u2019s&#8230;<\/p>\n","protected":false},"author":1,"featured_media":331795,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/powell-fed-02.jpg?quality=90&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[114987,70550,70551,78738,72388],"class_list":["post-331794","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-8-27-21","tag-federal-reserve","tag-inflation","tag-jerome-powell","tag-stock-market"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/331794","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=331794"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/331794\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/331795"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=331794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=331794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=331794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}