FED OFFICIALS SEE POTENTIAL SUPPLY, DEMAND SHOCKS FROM CORONAVIRUS
By Vicki Schmelzer NEW YORK (MaceNews) – The spread of COVID-19 globally is likely to create both demand and supply shocks, said Federal Reserve speakers Friday. “Supply shocks cause demand responses, cause effects in the banking system that are spillovers,“ said New York Fed President John Williams in Q&A following remarks to the Shadow Open Market […]
FED OFFICIALS: MON. POL. HAS SUPPORTING ROLE TO PLAY IN BATTLE AGAINST VIRUS
By Vicki Schmelzer NEW YORK (MaceNews) – Public health authorities must take the lead in addressing the coronavirus epidemic, though monetary policy has a role to play, Federal Reserve officials said Friday. Speaking in response to a question about the virus during a series of panel discussions, Chicago Fed President Charles Evans said, “What you described […]
US JOBS RPT SHOWS EXCEPTIONAL STRENGTH ENTERING VIRUS CRISIS
WASHINGTON (MaceNews) – February’s 273,000 payrolls count as of 24 days ago, before the intensification of the corona virus scare, was not entirely irrelevant even in the context of crisis, showing the strong hiring and income additions keep reinforcing the base strength of a U.S. economy increasingly challenged by the anticipation of severe destruction of […]
EU’S HOGAN TO PROPOSE RESOLUTION TO AIRBUS-BOEING DISPUTE ON FRIDAY
— EU Trade Commissioner Also Sees Progress in Removing US-EU Agricultural Barriers By Laurie Laird DUBLIN (Mace News) – The European Union will offer a resolution to the bitter dispute between the EU and the U.S. over subsidies to aircraft manufacturers as soon as Friday, according to the EU Trade Commissioner, Philip Hogan. Addressing journalists […]