INDIANAPOLIS/RALEIGH, North Carolina (Reuters) – Another cut to bond purchases appears in the offing this month despite data that showed U.S. jobs growth slowed sharply in December, two top Federal Reserve officials said on Friday.
The officials, from opposite sides of the U.S. central bank’s spectrum of policymakers, reinforced public perceptions that it would take a more significant slowdown in the labor market to convince the Fed to stop withdrawing stimulus.
RALEIGH, North Carolina (Reuters) – U.S. Federal Reserve policymakers will likely discuss another $10 billion reduction in the monthly pace of bond buying at their next meeting, said a senior Fed official on Friday, who warned against reading too much into a weak jobs report for December.
Richmond Federal Reserve President Jeffrey Lacker said it would take a “couple of quarters” of bad news to change the U.S. economy’s improving trend.
WASHINGTON (Reuters) – U.S. lawmakers on Thursday proposed a bill to give the White House power to fast-track international trade agreements as the United States gears up for a hectic year of trade negotiations.
The bill would let the administration put trade deals before Congress for an up or down vote without amendments, a move backed by big business and farmers but viewed with caution by others. Without that assurance, trading partners could be less willing to sign deals.
WASHINGTON (Reuters) – American automakers on Thursday pushed for rules against currency manipulation to be included in an ambitious trade pact being negotiated between the United States and 11 other Pacific Rim countries.
The American Automotive Policy Council, which represents Chrysler, Ford (F.N: Quote, Profile, Research, Stock Buzz) and General Motors (GM.N: Quote, Profile, Research, Stock Buzz), said participating nations should commit to not manipulating their exchange rates to gain an unfair competitive advantage.