LOUIS (Reuters) – Three Federal Reserve officials on Wednesday said they believe the U.S. economy is gaining traction despite a recent slowdown from cold weather, allowing the central bank to stick to its plan to wind down its massive bond-buying stimulus this year.
The comments, from the heads of the Federal Reserve banks of St. Louis, San Francisco and Atlanta, freshen the message in the minutes of the Fed’s most recent policymaking meeting, also released Wednesday, which showed many thought only a big change in outlook could scupper further measured reductions in purchases.
SAN FRANCISCO/NEW YORK (Reuters) – It was no honeymoon for Janet Yellen at a marathon congressional hearing earlier this week, but the love was back on Friday with a flutter of #FedValentines on Twitter for the Federal Reserve and its first woman chief.
The tradition of wonky love limericks exploded on to the social media site in 2012 with academics, economists and journalists waxing poetic on quantitative easing, the zero lower bound and too-big-to-fail banks. It cooled in 2013 – perhaps on twitterati ennui with former Fed Chairman Bernanke and his open-ended, unconventional commitment to stimulating the economy – but it returned this Valentines Day with dozens of tweets in the morning alone.