The need for extra care in this situation is obvious, the more so when it has to be accommodated with an equally compelling need for the Bank to say
more about monetary policy issues in the interests of raising public understanding of them.
Not exact matches
In his job as an activist at the Center for Popular Democracy, Barkan led a successful effort to get Fed officials thinking
more about low - income Americans as they conduct
monetary policy, often arguing against interest rate hikes in the face of high underemployment and weak wage growth.
More and more, Fed officials are beginning to think seriously about a dramatic change to monetary pol
More and
more, Fed officials are beginning to think seriously about a dramatic change to monetary pol
more, Fed officials are beginning to think seriously
about a dramatic change to
monetary policy.
«The preferred solution, in the opinion of many of these countries, is for the United States to internalize the effects of its
monetary policies —
more specifically, not to exit or at least to do so at a time that is
more convenient for others,» Deputy Bank of Canada Governor John Murray recently said in prepared remarks for a speech
about the likely effects of the end of QE.
The relationship between
monetary policy and financial stability may depend on the specific economic conditions in which we find ourselves.6 Moreover, the processes resulting in financial cycles, with periods of unsustainable debt buildup, occasional crises and periods of deleveraging, are not well captured by standard models.7 We have
more work to do before we can be fully confident
about our conclusions.
By the end of the four days, the educators know intimately
about the
monetary policy process, and they can teach other teachers and their students much
more accurately.
If we do need to move in the direction of giving asset price and debt developments
more weight in the conduct of
monetary policy than hitherto, we need to educate our respective communities
about these issues.
The fourth unconventional
monetary policy tool I want to cover is negative interest rates, which is something you have heard a lot
more about recently.
If growth can not be boosted by
monetary policy, and fiscal
policy is «in the hands of a plutocracy
more concerned
about immediate profits as opposed to long - term vitality, then no Genie or Flavor Flav with a magic clock can make a difference.»
As economists, though, we can also agree that this is
about much
more than
monetary policy.
The ECB head said that «overall, while we can be
more confident
about the path of inflation, patience and persistence with regard to
monetary policy is still warranted for underlying inflation pressures to build up and inflation to converge durably towards our objective.»
I don't know if I can make the same type of observation
about silver being sensitive to
monetary policy; silver seems to be
more sensitive to gold action and industrial activity.
In portraying Bill Niskanen as a
monetary policy radical, I've limited myself to his views on the Fed and central banking
more generally, without venturing to consider what he had to say
about other financial regulatory agencies.
The speech starts by setting out three key themes of the Bank's recent communication
about Australia's transition from the resources sector boom to
more normal economic conditions: that the sheer scale of the boom means that this transition is challenging, and that the broader global environment compounds the challenge; that a reasonably successful transition is possible given our economy's positive fundamentals and flexibility; and that
monetary policy is doing what it can to help the transition, but that the chances of success would be boosted by a lift in productivity growth and an increase in the expected risk - adjusted rate of return on investment.
This represented nothing
more than the absorption of the fundamental insight of two centuries of
monetary theory and experience: that
monetary policy is, in the long run,
about nominal magnitudes.
The US Federal Reserve (Fed) looks likely to tighten
monetary policy further, as inflation and unemployment move closer to its targets — underlining the strength of the domestic economy — but, while awaiting
more substance on
policy initiatives, we remain cautious
about predictions of an end to the pattern of modest US growth seen in recent years.
Nevertheless, the apparent success of the ECB's
policy in overcoming the threat of deflation increased speculation
about a potential tightening of
monetary policy, possibly even before the cessation of the central bank's bond purchases — scheduled to continue for at least the rest of the year — and in the wake of the ECB meeting pushed market estimates of the odds of a rise in official interest rates before the end of 2017 to
more than 50 %.
This is a neo-Wicksellian method of managing
monetary policy that could match the ideas of Jerome Powell, who was
more skeptical than most Fed Governors
about about Quantitative Easing [QE].
So you do talk
about that the war on cash and also I would say it ties into negative interest rate
policy because with the abolishing of cash it would allow central banks to
more easily implement
monetary policy especially if it goes into negative interest rates.
But yes, it was almost certainly the biggest area of disagreement between Greenspan and me, much
more than any disagreements
about monetary policy.
Now that the Federal Reserve provided investors with
more clarity
about its future
monetary policy, mortgage REITs could have further room to run, especially when mortgage REITs no longer report falling book values.
This is a neo-Wicksellian method of managing
monetary policy that could match the ideas of Jerome Powell, who was
more skeptical than most Fed Governors
about about Quantitative Easing [QE].
Third, I tell them that when the banks are compromised, ordinary
monetary policy is useless, because there is no way to make a bank that is worried
about its solvency lend
more.
And all the
more so, given that the Swissy was out of commission as a safe - haven at the time, apparently because SNB Boss - Man Thomas Jordan was cited in a Bloomberg report as saying that even though there was «a certain decline in the franc's overvaluation, the franc remains highly valued» and that «The situation on foreign - exchange markets remains fragile,» which is why the «The SNB isn't thinking
about changing its
monetary policy» and will continue with its negative rates and its
policy of intervening (* cough * currency manipulation * cough *) in the forex market.
It was
more about the general economic outlook as well as particular
monetary policy initiatives.