Several big firms now expecting stronger December jobs report….
(Reuters) – As the U.S. Federal Reserve’s top officials debated their decision to scale back a massive bond-buying stimulus program last month, they were keen to steer a delicate path.
Minutes of the Fed’s December 17-18 policy meeting, released on Wednesday, showed many members of the policy-setting Federal Open Market Committee wanted to proceed with caution in trimming the asset purchases, and most wanted to stress that further reductions were not on a preset course.
/PHOENIX, Arizona (Reuters) – Two top Federal Reserve officials said on Tuesday they expected the U.S. central bank to reduce its stimulus at a steady pace, with the lone official to dissent against the Fed’s decision to trim its bond buying saying he was comfortable with the approach.
Boston Fed President Eric Rosengren, who voted against the Fed’s decision last month to reduce its monthly bond buying by $10 billion, told Reuters the central bank should not take any “dramatic steps” to wind down asset purchases.
, Jan 7 (Reuters) – The Federal Reserve will
likely phase out its massive bond-buying stimulus this year if
the U.S. economic recovery strengthens as expected, a top Fed
official said on Tuesday, but it is still far from any thought
of hiking interest rates.
With unemployment, at 7 percent, well above healthy levels
and inflation undesirably low, the economy needs continued
stimulus from the central bank, San Francisco Federal Reserve
Bank President John Williams said in remarks prepared for
delivery to the Arizona Bankers Association.