The Week Ahead: Fed to Cut Stimulus Efforts, and a ‘Net Neutrality’ Vote

Posted by Unknown on Sunday, March 16, 2014

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Business Day |Fed to Cut Stimulus Efforts, and a â€˜Net Neutralityâ€™ Vote

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Business Day |The Week Ahead

FED IS EXPECTED TO CUT ITS STIMULUS EFFORTS FURTHER

The Federal Reserveâ€™s policy-making committee, which meets Tuesday and Wednesday, is widely expected to cut the Fedâ€™s monthly purchases of Treasury and mortgage-backed securities by $10 billion, to a total of $55 billion. Fed officials say they plan to continue the regular cuts, and to end the purchases entirely later this year, unless economic conditions shift starkly. A thornier question is what the Fed should say about short-term interest rates. The Fedâ€™s stimulus campaign is based on convincing investors that rates will remain low. But Fed officials are increasingly uncertain of how much longer to hold rates near zero, and how quickly to raise rates thereafter. Janet L. Yellen, above, who will be conducting her first meeting as Fed chairwoman, faces the challenge of building a consensus. BINYAMIN APPELBAUM

A â€˜NET NEUTRALITYâ€™ VOTE IS SCHEDULED IN EUROPE

A European Union parliamentary committee will vote Tuesday on telecommunications legislation that focuses on whether companies should treat all Internet data equally. Many lawmakers are expected to support the principle of â€œnet neutrality,â€ which ensures that telecom companies cannot differentiate between online data, though industry groups are lobbying against the new rules. MARK SCOTT

UPDATE ON NUCLEAR WASTE FROM FEDERAL COMMISSION

The Nuclear Regulatory Commission will receive an update from its staff on Friday on its effort to reinstate its Waste Confidence policy. With no permanent waste repository operating or even planned, the commission has historically justified licensing the plants that produce waste by saying that spent fuel can be stored safely for decades in heavy steel-and-concrete casks at the reactor sites. But in June 2012, a federal court ruled that the commission had reached that conclusion without adequate engineering work. So the N.R.C. stopped some licensing activities and set out to do a more rigorous examination of the question. So far, not even a draft policy has been announced. MATTHEW L. WALD