By Darrell Delamaide in Washington
At the Federal Reserve, the doves are flocking to the hawk side of the perch as a consensus grows that policy-makers should temper robust US growth with a steady increase in interest rates, reflecting strong growth, low unemployment and inflation approaching the Fed’s 2% target.
The 16 members of the Federal Open Market Committee have raised their expectations for US growth both this year and next, with Fed presidents citing a return to ‘conventional monetary policy-making of yesteryear’.
Read the full commentary on the website.
Meeting: Executive Programme in Gold Reserves Management in Singapore
The Executive Programme in Gold Reserves Management is the World Gold Council’s flagship training programme for central bankers, sovereign funds and finance ministry officials. The three-day programme is led by distinguished scholars from the National University of Singapore Business School, experts from the World Gold Council, leading gold industry insiders and policy-makers from both central banks and international institutions.