FED’S MESTER: BUSINESS CONTACTS SAY VIRUS NOT YET CUTTING US DEMAND
–Virus Still a Supply Issue; Too Early to Assess Ultimate Effect –Can’t ‘Extrapolate’ One Bad Day in the Markets into the Future By Denny Gulino WASHINGTON (MaceNews) – Cleveland Federal Reserve President Loretta Mester Monday told reporters at the annual NABE economic policy conference that business contacts, whose views become more important with the lack […]
BOE’S HALDANE DOWNPLAYS WORRIES OVER DEBT LEVELS, ASSET BUBBLES
LONDON (MaceNews) – The Bank of England’s chief economist has downplayed concerns that years of low interest rates have allowed the buildup of unsustainable debt levels across the developed world. “I don’t see balance sheets being overstretched … I see a great deal of caution” among companies and households, said Andy Haldane, addressing a conference organized […]
EX-FED’S FERGUSON: NOT CLEAR A QUARTER-POINT RATE CUT WOULD HAVE MUCH EFFECT
–Excerpts Of Gaggle with Reporters Prior to NABE Speech WASHINGTON (MaceNews) – The following are excerpts from a Mace News rush transcript of the answers to reporters’ questions from TIAA chief and ex-Federal Reserve Vice Chairman Roger Ferguson Monday at the NABE Economic Policy Conference: “What’s my advice to the Fed? My advice to the […]