Federal Reserve Policymakers

Major central banks have stepped up their fight against runaway inflation, unleashing another 350 basis points of hikes in a pivotal week in which policymakers are determined to show they mean business.

The rupee plunged on Thursday to over 79.50 against the dollar as the greenback strengthened after Federal Reserve policymakers suggested more rate hikes are set to come.

Here's a look at where policymakers stand in the race to contain red-hot inflation.

The development of digital currency and payments technologies could change how the Federal Reserve conducts monetary policy and the composition of its balance sheet, issues the central bank will need to work to understand, New York Fed President John Williams said Wednesday.

Better regulation of the fast-growing world of crypto assets is needed not to keep rich people from losing money but for the sake of everyone else, Federal Reserve Governor Christopher Waller said on Friday.

Policymakers have taken a range of approaches to deal with the economic fallout from the coronavirus, from emergency interest rate cuts and big spending packages to a wait-and-see-stance and pledges of action if required. Here is a list of how some of the world's biggest economies and economic blocs have reacted:

Fed policymakers said ongoing economic growth, a strong labour market and an eventual rise in inflation were still "the most likely outcomes" as the US expansion nears its 10-year mark.

Fed policymakers lifted the benchmark overnight lending rate by a quarter of a percentage point to a range of 2.00 per cent to 2.25 per cent. The US central bank still foresees another rate hike in December, three more next year, and one increase in 2020.

A rate hike by the Federal Reserve later this month also would signal policymakers' growing confidence in U.S. and global economic expansion.

The dollar was steady after hawkish comments from top Federal Reserve officials bolstered expectations the world's No. 1 economy was strong enough to keep policymakers on course to further raise rates this year.

Janet Yellen said Fed policymakers at their meeting earlier in November judged that the case for a rate hike had strengthened.

U.S. Federal Reserve policymakers are set this week to again cut their forecasts for how high interest rates will need to go in an economy where output, productivity and inflation are growing at a slower pace than in past decades.

Even if a report due Friday shows U.S. companies kept up their rapid pace of hiring in August, there is still enough resistance among policymakers at the Federal Reserve to delay an interest-rate hike at the bank's September meeting.

Federal Reserve policymakers are signaling they could raise US interest rates soon but they are already weighing new tools they may need to fight the next recession.

Federal Reserve policymakers agree that more economic data is needed before raising interest rates, although some see a need to tighten policy soon, according to the minutes from the U.S. central bank's July 26-27 policy meeting.

Major central banks have stepped up their fight against runaway inflation, unleashing another 350 basis points of hikes in a pivotal week in which policymakers are determined to show they mean business.

The rupee plunged on Thursday to over 79.50 against the dollar as the greenback strengthened after Federal Reserve policymakers suggested more rate hikes are set to come.

Here's a look at where policymakers stand in the race to contain red-hot inflation.

The development of digital currency and payments technologies could change how the Federal Reserve conducts monetary policy and the composition of its balance sheet, issues the central bank will need to work to understand, New York Fed President John Williams said Wednesday.

Better regulation of the fast-growing world of crypto assets is needed not to keep rich people from losing money but for the sake of everyone else, Federal Reserve Governor Christopher Waller said on Friday.

Policymakers have taken a range of approaches to deal with the economic fallout from the coronavirus, from emergency interest rate cuts and big spending packages to a wait-and-see-stance and pledges of action if required. Here is a list of how some of the world's biggest economies and economic blocs have reacted:

Fed policymakers said ongoing economic growth, a strong labour market and an eventual rise in inflation were still "the most likely outcomes" as the US expansion nears its 10-year mark.

Fed policymakers lifted the benchmark overnight lending rate by a quarter of a percentage point to a range of 2.00 per cent to 2.25 per cent. The US central bank still foresees another rate hike in December, three more next year, and one increase in 2020.

A rate hike by the Federal Reserve later this month also would signal policymakers' growing confidence in U.S. and global economic expansion.

The dollar was steady after hawkish comments from top Federal Reserve officials bolstered expectations the world's No. 1 economy was strong enough to keep policymakers on course to further raise rates this year.

Janet Yellen said Fed policymakers at their meeting earlier in November judged that the case for a rate hike had strengthened.

U.S. Federal Reserve policymakers are set this week to again cut their forecasts for how high interest rates will need to go in an economy where output, productivity and inflation are growing at a slower pace than in past decades.

Even if a report due Friday shows U.S. companies kept up their rapid pace of hiring in August, there is still enough resistance among policymakers at the Federal Reserve to delay an interest-rate hike at the bank's September meeting.

Federal Reserve policymakers are signaling they could raise US interest rates soon but they are already weighing new tools they may need to fight the next recession.

Federal Reserve policymakers agree that more economic data is needed before raising interest rates, although some see a need to tighten policy soon, according to the minutes from the U.S. central bank's July 26-27 policy meeting.