Kansas City Federal Reserve President Esther George on Tuesday said she supported starting to wind down the Fed's bond holdings this year. George said the central bank's Federal Open Market Committee should move to stop reinvesting the maturing principal payments of its longer-term treasuries and mortgage-backed securities. "The FOMC also must begin to adjust the size and composition of its securities holdings," warning that the U.S. economy was at risk of overheating. She also reiterated her support for the gradual increase of interest rates. George does not have a vote on monetary policy this year but participates in discussions. However she will next be a voting member of the FOMC in 2019.
Jolts monthly jobs openings (a gauge of the U.S. economy closely watched by the US Fed Chair) was largely unchanged in March from February, the Bureau of Labor Statistics announced Tuesday. Job openings grew in March across professional and business services, and state and local government education, while they fell in mining and logging, the latest data show.
12:00 - EUR - ECB President Mario Draghi Speaks