by Saxplayer00o1
“The Fed’s asset holdings in the week ended April 13 climbed to $2.670 trillion, from $2.653 trillion a week earlier, it said in a weekly report released Thursday.
The Fed’s holdings of U.S. Treasury securities rose to $1.375 trillion on Wednesday, from $1.358 trillion the previous week.”
“The recent surge in oil prices is no prelude to broader price increases that would force the Federal Reserve to raise interest rates, top Fed officials said on Thursday in what appears to be the predominant view at the central bank.
The comments, from Minneapolis Fed President Narayana Kocherlakota and Fed Board Governor Elizabeth Duke, echoed recent remarks by Fed Chairman Ben Bernanke, adding to expectations the central bank will stay on course with its $600 billion debt-buying program through the end of June and will not look to reverse its super-easy monetary policy any time soon.
Daniel Tarullo, also a Fed governor, identified himself as in the same camp, saying there are no signs that higher overall inflation, spurred by surging energy and commodity prices, will translate to underlying inflation. Tarullo, answering questions while speaking on a panel in Washington, said commodity prices are notoriously volatile.”
- Other news, headlines and opinion:
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India Inflation Quickens to 8.98%, Increasing Pressure on Interest Rates
Muni Mutual Funds See $854 Million Outflow In Latest Week – Lipper
Broke US States’ $48 Billion Debt Drives Unemployment Assistance Cuts
Treasury Sets Sales of $72 Billion of Debt (Next week)
San Diego Cuts Library Hours to Help Erase $57 Million Deficit
Alameda County faces $138 million deficit
Postage rates rising, but not for most letters
Detroit to send layoff notices to all its public teachers
New York’s Nassau County Going Broke as No One Wants to Share Fiscal Pain
More US home price declines ahead, Moody’s economist warns
Part of Maryland pension hike to go towards balancing state budget
