PRESIDENT TRUMP NOW FACES AN UNCERTAIN FATE AT A SENATE TRIAL
By Denny Gulino WASHINGTON (MaceNews) – The second impeachment of President Donald Trump Wednesday has left open the future of his “stop the steal” movement entwined with the violent attack on the Capitol. The next step, a Senate trial, could clarify what happens next. The final vote was 232 to 197 with eight members not […]
FED’S BEIGE BK SEES MODEST EXPANSION AMID MIXED SIGNALS
WASHINGTON (MaceNews) – The surge in COVID-19 cases and “stricter containment measures” have produced mixed results for consumer spending while manufacturing has continued to recover despite weaker auto sales, the Federal Reserve’s Beige Book survey suggested Wednesday. Four districts – Kansas City, Philadelphia, St. Louis and New York – reported no improvement and “a growing […]
FED’S BRAINARD: CURRENT ASSET PURCHASE PACE TO CONTINUE ‘QUITE SOME TIME’; MAY NEED MORE
– Too Soon To Think About QE Tapering or Liftoff from Zero Lower Bound By Steven K. Beckner (MaceNews) – Federal Reserve Governor Lael Brainard strongly indicated Wednesday that, as far as she’s concerned, the Fed will not be reducing the pace of asset purchases for a long time. Indeed, Brainard spoke of the possible […]
ECB’S LAGARDE: BANK TO FOCUS ON ‘FINANCING CONDITIONS;’ DOWNPLAYS EXPANSION OF PEPP
–Ongoing Strategic Review Will Assess Inflation Measurement and ‘Symmetry’ in Meeting Target By Laurie Laird LONDON (MaceNews) – The European Central Bank could continue to rely on its long-term financing operations to provide stimulus to the Covid-stricken euro zone economy rather than expanding its asset purchase programme, according to the Bank’s leader Wednesday. “We’re going […]