More Fed stimulus needed 'in coming months' to bolster economy, Brainard says

- The Federal Reserve will need to roll out new efforts “in coming months” to help the economy overcome the impact of the coronavirus pandemic and live up to the U.S. central bank’s new promise of stronger job growth and higher inflation, Fed Governor Lael Brainard said on Tuesday.

Brainard, among the architects of the new long-term strategy the central bank adopted last week, is the first Fed official to tie that new approach directly to the need for further monetary stimulus, likely in the form of more aggressive bond-buying or more ambitious promises about returning the country to low unemployment.

Some analysts have argued the Fed’s new “framework” is incomplete without more details on what it intends to do to implement it, and Brainard suggested that needs to be addressed, particularly given the risks that high unemployment may last longer than expected and small businesses begin to fail in the absence of additional government pandemic-related support.

BooksPajamas Seeing as how we live in an oligarchy; good luck.

🚁💵💵💵💵

Buy Bitcoin opt out of this scammy system. Don't let others decide for you and enslave you

Just stop. Send this round of stimulus to the people.

More stimulus is NOT needed. Only a complete moron with no knowledge of economics would make such an asinine statement; what's new?

theonevortex 'coming months' aka 'forever'

theonevortex

Why?

Imagine buying the corporate bonds of a 2.3 trillion dollar company and still having an opinion on anything.

WE are going to print until our eyes bleed. Any questions?

Seems to me if they wanted to stimulate the economy, they'd send money to people. To spend.

90% of the US population gains ZERO from the federalreserve economic assistance. Why because all the money ends up locked up in the stock markets. The FederalReserve already knows this, but pretend like the money is to help the economy. 3 trillion is not enough? How much more?

Just when you think it couldn’t get any worse. A system that needs constant Fed bailouts is a failed system.

Guess i will hold on to the gold and silver miners then. cashflow

LINE THE POCKETS OF THE RICH EVEN MORE

Brainard says 'important to provide the requisite accommodation'. BuyGold LawrenceLepard pboockvar

Every stimulus has the wealthy connected in a feeding frenzy, taking the majority of it and then what's left for us is what's called trickle down but more like defecate on...

For heavens sake man! Why can't they keep their mouths shut

Insane. Why would we care about anyone or anything but ourselves right now

like and sher plzz

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Low unemployment alone not enough to justify Fed rate hikes, Clarida saysThe Federal Reserve's new approach to monetary policy means a low unemployment rate on its own doesn't warrant higher interest rates, a 'robust' change meant to acknowledge the economy is different than that of textbook models,' Fed Vice Chair Richard Clarida said on Monday. Next policy steps: print another couple of trillion. Who's a bigger dweeb, Clarida or Kashkari?
Source: Reuters - 🏆 2. / 97 Read more »

European stocks seen higher as dovish Fed boosts sentimentEuropean stocks are set to open higher on Monday as dovish U.S. monetary policy signals gave a boost to global risk assets.
Source: CNBC - 🏆 12. / 72 Read more »

U.S. Treasury yields fall ahead of data, Fed speechesTreasury yields moved lower on Monday morning as traders gear up for the last trading session of the month and look ahead to key jobs data at the end of the week. PwC Australia will on Monday release a report which recommends a tighter partnership between industry and government to address future skills needs with 'micro-credentials'. OpenLearning is leading this Micro Credentials!! OpenLearning=ASX$OLL Half year results🚀🚀🚀 OpenLearning Ltd [ASX:OLL] 🚀has some interesting prospects. Not only operating within the online education ecosystem, but also partnering with some of the major universities. Partnerships that could become the cornerstone of a much bigger arrangement.
Source: CNBC - 🏆 12. / 72 Read more »