U.S. Economic News
January 25, 2019
U.S. News
Nick Timiraos from the Wall Street Journal reports that Federal Reserve officials are close to deciding they will maintain a larger portfolio of Treasury securities than they’d expected when they first began shrinking their balance sheet two years ago. With a pause in interest rate hikes, planning for the Fed’s bond portfolio could be the center of the Federal Open Market Committee’s meeting next week. WSJ
The Wall Street Journal reports that top White House economic advisor Lawrence Kudlow said the administration will seek to fill two Fed Board of Governors vacancies with nominees who do not believe an accelerating economy has to fuel inflation. Kudlow stated that surging productive capacity means more people can work at higher wages without sharp increases in inflation. WSJ