Sentences with phrase «monetary policy needed»

It had become widely accepted that the day - to - day conduct of monetary policy needed to be independent of the influence of governments.

Nevertheless, I also conclude that, with the benefit of hindsight, monetary policy needed to be still more aggressive.

In this era, monetary policy needs some of out of the box thinking... Hopefully, Mr. Poloz brings the same willingness to innovate to the job, because we need it.»

Staley also argued that global economic growth and monetary policy need to re-balance in order to prevent a distortion in the markets.

If economic circumstances change, then monetary policy needs to change too.

However, when the changes are driven by persistent demand factors, policy - makers will need to give consideration to whether monetary policy needs to be adjusted.

In the mature stage of a long expansion, with less spare capacity than would have been the case some years ago, monetary policy needs to keep a close eye on future growth in demand.

«In this era, monetary policy needs some of out of the box thinking.»

Not exact matches

He said economic progress had made the bank more confident that higher interest rates would be required over time, although some monetary policy accommodation will still be needed.

What Japan needs is a more expansive domestic monetary policy.

«But the outcomes, when they materialize, could have important implications for the Canadian economy which we would need to consider in making monetary policy.»

Poloz made clear at his last policy announcement in January that he wanted to assess the makeup of Trudeau's deficit - spending program before deciding whether more monetary stimulus is needed.

«These costs need to be set against concerns that prolonged monetary policy stimulus may result in an excessive buildup of private sector vulnerabilities,» Lane said.

The European Central Bank kept its monetary policy unchanged Thursday and reiterated its ready to extend stimulus if needed.

He told an audience in Frankfurt that the ECB needs to be patient when normalizing monetary policy.

Also, notwithstanding a silly fiscal policy and the ongoing political impasse, the U.S. economy has some very good things going for it now, as even king of doom, Nouriel Roubini, couldn't help but note: the Fed is going to stick to its asset - buying regime for the foreseeable future, providing a monetary protein shake the recovery still very much needs; the housing rebound is well on its way, which is helping Americans rebuild their wealth and is boosting employment in many states with high jobless rates; and the shale oil and gas revolution continues to power investment, job creation and revenue growth.

The euro rose to a nine - day high against the dollar on Tuesday following remarks by ECB President Mario Draghi that the bank needed to be «prudent» when «gradually» updating its monetary policy.

«If it's described as an attack on the economy, it suggests that there's not a discussion about what might need to change in terms of monetary and fiscal policy,» he said.

Expectations have grown that ECB policymakers may take another small step in exiting the bank's ultra-easy monetary policy after dropping a long - standing pledge to increase bond buying if needed at its meeting in March.

«Tighter global monetary policy is needed in order to contain inflation pressures and ward off financial stability risks,» the Basel - based central bank of central banks warned in its most recent annual report.

In point of fact, QE is a tool that the Bank of Canada views as a legitimate instrument of monetary policy if the need should arise.

«We need to be patient and let monetary policy do its work.»

It is important for the FOMC to continue on this journey because when the public has a better understanding of how monetary policy decisions are made, not only will the public have the information it needs to hold us accountable for our decisions but monetary policy itself will be more effective.»

«His common sense approach to monetary policy and financial regulation are exactly what the Federal Reserve needs right now and we look forward to his confirmation» a senior Fed official told reporters in a conference call following the appointment.

Fed officials have already warned that the economy doesn't need stimulus per se as much as it needs growth - enhancing structural reforms, so there is a risk is that it will tighten monetary policy aggressively if Trump loosens it aggressively.

«In the face of higher inflation risks, there is a greater need now to proceed with monetary policy normalization.»

The move is a vote of confidence in the U.S. economy — a signal that consumers and businesses don't need quite as much help via monetary policy now that the unemployment rate has fallen to 4.6 percent, close to what economists call full employment.

The risk is that the economy needs monetary policy tightened to cool prices before industrial activity and retail sales regain momentum lost last year as the Chinese economy delivered its slowest full year of growth since 1999, at 7.8 percent.

Schembri noted that although monetary policy is normally seen as the most effective countercyclical policy tool, it may need help from other policies more frequently in the future.

«Inflation in the euro zone is still below target, there's no need to raise rates or to tighten monetary policy,» Willem Buiter, global chief economist at Citigroup, said at the World Economic Forum in Davos.

«This progress reinforces governing council's view that higher interest rates will be warranted over time, although some monetary policy accommodation will still be needed to keep inflation on target.»

They see flat inflation and wage stagnation as signals that the economy still has a ways to go before needing a big shift in monetary policy.

So it seems to me the risk of the economy hitting the recession when monetary policy is not in a position to respond are much greater than they have been previously and therefore, we need to be very cautious about doing anything that would increase those risks.

However, we also need to envisage a case where the effects of monetary policy on financial stability are not limited to one sector, as in the case we just saw, but spread across many different parts of the financial system.

Second, we need viable exit strategies from this recent period of monetary and fiscal policy stimulus.

This might mean, for example, that the central bank would need to run a more stimulative policy than it would have otherwise to offset the effect of macroprudential policies, and the macroprudential authority would impose more stringent measures than it would have otherwise to counteract the leverage and risk taking generated by looser monetary policy.

As part of this, we need to be nimble in incorporating new developments into our monetary policy decision - making.

Thus, this needs to be taken into consideration in terms of the appropriate stance for U.S. monetary policy.

So we need a better grasp of how monetary policy and macroprudential measures interact.

In stressing the need to study and consider new approaches to fiscal and monetary policy, I am not advocating an abrupt reversal of course; after all, you don't change horses in the middle of a stream.

If international developments shift U.S. financial market conditions — including the dollar — then we need to take this into consideration in our U.S. monetary policy decisions.

Under certain conditions, as long as monetary policy has a larger effect on inflation than it does on financial stability risk and macroprudential policy has a larger effect on financial stability risk than it does on inflation, there would be no need, in theory, for the agencies responsible to coordinate their actions explicitly.

In this environment, the possibility that we would need to ease monetary policy further was obviously canvassed.

Conversely, what we do in the United States has an impact far beyond our borders, and we need to take that into consideration in how we conduct and communicate monetary policy in the United States.

But these costs need to be set against concerns that prolonged monetary policy stimulus may result in an excessive buildup of private sector vulnerabilities.

It is not clear to me that a modest tightening in monetary policy beyond that needed to achieve full employment and price stability in the absence of a bubble would represent a favorable cost - benefit trade - off.

Put simply, monetary policy is a two - way street, and we all need to be cognizant of that.

For monetary policy to be most effective, market participants, households and businesses need to be able to anticipate how the Federal Reserve is likely to respond to evolving conditions.

In Asia and other parts of the emerging world, however, ample policy ammunition is available, both fiscal and monetary, should the authorities have a need to use it.

The problem of lags takes some people in an unhelpfully nihilistic direction, in which they believe that monetary policy is so imprecise and slow in its operation, that it needs to be put on some kind of automatic pilot.