Business
In this week’s “Five Minutes With Scott Colbert” video, Scott gives a glimpse at how the voting members of the Federal Reserve Open Market Committee develop their policy positions on evolving economic activity and exercise their influence on monetary policy-setting matters. By focusing on the analysis of individual members in the course of the eight meetings the Central Bank conducts each year, Fed watchers can see the changing trends and shifts in the thinking of the overall body. Will the Fed begin “tapering” their purchases of Treasuries and start raising interest rates sooner than they might have intended as the effects of the pandemic diminish? Colbert suggests you can answer this question by looking at the individual positions that Fed Bank Presidents like James Bullard in St. Louis, Eric Rosengren in Boston and Robert S. Kaplan in Dallas are starting to articulate. Will the rest of the Fed adopt a speedier return to normalize interest rates?