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Search resuls for: "Boston Federal Reserve"


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☆ U.S. headed for mild recession in 2023, says former Boston Fed president Eric Rosengren
  + stars: | 2022-11-08 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. headed for mild recession in 2023, says former Boston Fed president Eric RosengrenFormer President of the Boston Federal Reserve Eric Rosengren says it's "quite likely" that the U.S. will face a mild recession next year as the central bank continues its efforts to rein in inflation.
☆ U.S. likely headed for mild recession in 2023, former Boston Fed President Eric Rosengren says
  + stars: | 2022-11-08 | by ( Karen Gilchrist | ) www.cnbc.com   time to read: +1 min
A U.S. recession is "quite likely" next year as persistent inflationary pressures force the Federal Reserve to shift interest rates higher than expected, former Boston Federal Reserve President Eric Rosengren said Tuesday. Rosengren told CNBC that the U.S. central bank now looked likely to increase its terminal policy rate — the level at which it will stop raising interest rates — to more than the 5% forecast by investors, pushing the economy into a mild downturn in 2023. "I think it's quite likely the U.S. has a mild recession next year," Rosengren told CNBC's Joumanna Bercetche at a UBS conference in London. Asked to put a figure on the possible terminal rate, Rosengren said: "More than 5.5% would be my expectation." Following the announcement, traders bet the terminal rate would reach 5.09% by May from just over 5% before the meeting.
☆ Fed's Collins says policy moving into new phase, open to smaller rate hikes
  + stars: | 2022-11-04 | by ( Michael S. Derby | ) www.reuters.com   time to read: +3 min
"At the moment, with inflation well above the Fed's 2 percent target, the Fed's central task must be to restore price stability," Collins said in prepared remarks for a speech. Collins' comments were among the first public remarks by a U.S. central bank official in the wake of this week's monetary policy meeting. Collins, who took over as head of the Boston Fed over the summer, is a voting member of the rate-setting Federal Open Market Committee this year. 'RISKS OF OVERTIGHTENING'In her remarks to the Brookings Institution, Collins said that as the Fed moves forward, "I believe it is important for us to consider the various options for policy moves." Collins also spoke shortly after the release on Friday of a U.S. monthly employment report that showed continued job market strength.
☆ Fed's Collins says policy entering new phase, open to smaller rate hikes
  + stars: | 2022-11-04 | by ( Michael S. Derby | ) www.reuters.com   time to read: +4 min
"At the moment, with inflation well above the Fed's 2 percent target, the Fed's central task must be to restore price stability," Collins said in a speech. Collins' comments were among the first public remarks by a U.S. central bank official in the wake of this week's monetary policy meeting. Collins, who took over as head of the Boston Fed over the summer, is a voting member of the rate-setting Federal Open Market Committee this year. 'RISKS OF OVERTIGHTENING'In her remarks to the Brookings Institution, Collins said that as the Fed moves forward, "I believe it is important for us to consider the various options for policy moves." Collins also recognized that as the Fed keeps moving rates up "the risks of overtightening increase."
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