JUDGE INVALIDATES NEW YORK CITY’S BAN ON LARGE SUGARY DRINKS: RULING
What about Nemo? #NFP
NEW YORK, March 8 (Reuters) – The U.S. Federal Reserve is
considering jettisoning a plan to eventually sell off the
massive haul of bonds it is now buying, a politically defensive
strategy that would have the added benefit of supporting the
economy for years to come.
In what would be a revision of their blueprint for the
eventual tightening of monetary policy, Fed officials have said
they could simply allow the trillions of dollars in securities
they have bought through three rounds of quantitative easing to
LANCASTER, Pennsylvania (Reuters) – A second Federal Reserve policymaker is calling on the U.S. central bank to have some patience and begin tapering the amount of bonds it is buying, instead of ramping up stimulus with each month.
Philadelphia Fed President Charles Plosser said on Wednesday the benefits of the so-called quantitative easing program, which snaps up $85 billion in assets per month to promote investment and economic growth, are “meager” and outweighed by the potential costs of such aggressive policy easing.