- Reuters revisits March 15, 2020, when the U.S. Federal Reserve, in the words of its boss Jerome Powell, "crossed a lot of red lines that had not been crossed before."
- Powell cut interest rates to zero, announced huge asset purchases to deflect bond market stress, and opened dollar supply lines for other central banks, fearing a pandemic that threatened recession on a scale not seen since the 1930s.
- Fed is expected to throw its pandemic emergency measures into reverse, as on Tuesday it starts a two-day meeting that should deliver a 25 basis-point rate rise and could signal how far and fast policy tightening might go, reported Reuters.
- The challenges remain more daunting than those faced in 2020, with a war raging, food and fuel prices soaring expected to exacerbate inflation already more than three times the Fed's target; a double-digit factory inflation print is expected on Tuesday.
- Photo by Fed via Flickr
Get all your news in one place.
100’s of premium titles.
One app.
Start reading
One app.
Get all your news in one place.
100’s of premium titles. One news app.
Benzinga
Akanksha Bakshi
Fed To Throw Its Pandemic Emergency Measures Into Reverse: Reuters
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member?
Sign in here
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Our Picks