Monetary policy

Federal Reserve Vice Chairman Richard Clarida said that when rates on shorter-dated bonds move above rates on longer-dated bonds, it can be a signal that an economic slowdown is coming.

Facing a long-term environment of low interest rates and low inflation, Federal Reserve Vice Chairman Richard Clarida said it’s a good time for the U.S. central bank to undertake a review of how it goes about pursuing its twin goals of maximum employment and price stability.

The Federal Reserve reiterated a patient stance on future interest-rate changes in a robust domestic economy facing potential headwinds including slower global growth and market volatility.

Federal Reserve Bank of New York President John Williams voiced concerns that inflation expectations may have slipped downward after years in which price rises have failed to reach the central bank’s 2% target.

Minutes of the Federal Reserve’s January meeting showed widespread agreement on ending the runoff of the central bank’s balance sheet this year while officials expressed uncertainty over whether they would raise interest rates again in 2019.

A weather closure will keep journalists from getting the minutes in advance.

Former Federal Reserve Chair Janet Yellen signaled it may be harder than U.S. trade negotiators think to prevent China from manipulating its currency.

Mark Heppenstall, CIO at Penn Mutual Asset Management, discusses the Fed’s balance sheet normalization and whether its newfound patience can keep the economy growing. Gary Siegel hosts.

With monetary policy near the bottom of the range of Federal Open Market Committee estimates of its longer-run neutral rate, communications will need to change, Federal Reserve Bank of Cleveland President Loretta Mester said Tuesday.

Federal Reserve Governor Lael Brainard indicated she favors ending the process of normalizing the U.S. central bank’s balance sheet in 2019.