Washington Correspondent
The principle of monetary policy tightening by the US Federal Reserve this year is now firmly established.
Its timetable, its methods, in particular the speed at which credit supply is tightened, remain to be determined.
So many delicate subjects on the menu of the debates of the Fed started on Tuesday, which end on Wednesday evening.
See also
Inflation increases pressure on the Fed
No specific announcement is expected, but the statement followed by the press conference of the head of the American central bank, Jerome, alias Jay, Powell, should give valuable indications.
This is why they are eagerly awaited by the financial markets, in the grip of violent volatility, alarmed by the worst surge in prices for nearly 40 years, which takes the Fed by surprise.
End a zero rate policy
The central bank announced a month ago that it will stop buying Treasury bonds in mid-March.
These massive purchases, called
quantitative easing
(
QE) policy, aimed to maintain…
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