LA YELLEN RAFFORZA IL DOLLARO E FA SCENDERE L'ORO....MA TASSI PIU' ALTI INDICANO UN DOLLARO PIU' FORTE...COME TRUMP CONCILIERA' LE DUE POSIZIONI?
Janet Yellen, the Fed chair, has warned that the US risks a “nasty surprise” if it waits too long to continue raising interest rates, adding that she expects the US central bank to tighten monetary policy a few times a year until 2019.
. But on the cusp of Donald Trump’s inauguration as an economy-focused president, she also said slow productivity growth meant the US’s “usual” rate of economic expansion would be “significantly slower than the post-world war two average”. Mr Trump will inherit an economy in much stronger shape than the one left to President Barack Obama, with Ms Yellen noting in a speech that the US is close to maximum employment and that inflation is moving towards the Fed’s 2 per cent target. Following the Fed’s December decision to raise short-term interest rates for the second time in a decade, Ms Yellen said on Tuesday: “Waiting too long to begin moving toward the neutral rate could risk a nasty surprise down the road — either too much inflation, financial instability or both.” Delaying could force the Fed to catch up by raising rates rapidly, she said, which could in turn push the economy into a new recession.
Fed officials prepare ground to cut bank’s $4.5tn balance sheet Trump fiscal stimulus could bring forward day when trimming starts Providing new insights into the stance of Fed policymakers, she said: “As of last month, I and most of my colleagues . . . were expecting to increase our federal funds rate target a few times a year until, by the end of 2019, it is close to our estimate of its longer-run neutral rate of 3 per cent.” Longer-term, she said that while economists did not fully understand the causes of a slowdown in US productivity growth, the trend implied lower-than-average growth and a neutral interest rate of 3 per cent — a full percentage point lower than the Fed’s estimate three years ago.
Pubblicato da ML a giovedì, gennaio 19, 2017CLICCA SULL'ICONA DELLA MOSCA TZE-TZE E VOTA PER QUESTO POST!