DALLAS FED’S KAPLAN: FED WORKING ON WAYS TO FIX REPO LIQUIDITY NEEDS
By Jerry Kronenberg NEW YORK (MaceNews) – Dallas Federal Reserve President Robert Kaplan said Wednesday that the central bank has begun closed-door discussions on how to permanently solve the repo market’s liquidity crisis without endlessly intervening and expanding the Fed’s already large balance sheet. “I believe very strongly that we’re going to need to find […]
FED’S BEIGE BK: THREE REGIONS ‘SUB-PAR,’ TWO ‘ABOVE AVERAGE’
–‘Modestly Favorable’ Outlook; Labor Markets ‘Remained Tight’ WASHINGTON (MaceNews) – The Federal Reserve’s Beige Book survey of economic conditions released Wednesday found some above- and below-average activity in a still “modestly expanding” economy with a tight labor market accompanied by only modest wage increases – overall not appreciably changed from the prior six weeks. The […]
FED’S HARKER: POLICY ON HOLD; STABILITY CONCERNS ARGUE AGAINST CUTS
NEW YORK (MaceNews) – Philadelphia Fed President Patrick Harker Wednesday repeated the familiar line that policy is on hold and is likely to remain so, barring a “substantial change” in the outlook, and added that financial stability concerns are another factor arguing against more policy accommodation. “For now we are on hold,” Harker said in […]
WITH ‘PHASE ONE’ A DONE DEAL, CHINA WATCHED FOR FOLLOW THRU
–President Trump Confirms Tariffs Stay Until Phase Two ‘Finish;’ No Phase Three By Denny Gulino THE WHITE HOUSE (MaceNews) – The “Phase One” agreement was ceremoneously signed Wednesday afternoon, signaling the start of a long period of wary watching and measuring as both China and the U.S. decide if the deal is a new beginning […]
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