Thursday’s Washington Schedules from MaceNews

WASHINGTON (MaceNews) – The following are Thursday’s public schedules for the White House, Treasury, the Capitol and for upcoming economic data: The White House  DAILY GUIDANCE AND PRESS SCHEDULE FORTHURSDAY, FEBRUARY 18, 2021  In the morning, the President and the Vice President will receive the President’s Daily Brief in the Oval Office. This meeting will […]

FOMC Minutes: ‘Likely Take Some Time’ For ‘Substantial Further Progress’ To Taper QE

–‘Economy Still Far From’ Fed’s Employment, Inflation Goals –Must ‘Clearly Communicate’ ‘Well in Advance’ of LSAPs Tapering –‘Important To Abstract’ from ‘Temporary’ Factors Pushing Up Inflation By Steven K. Beckner (MaceNews) – Federal Reserve officials seemingly were looking far down the road when thinking about slowing the pace of asset purchases at their Jan. 26-27 […]

FOMC Minutes Show Same Stand-Still Philosophy Described by Chair Powell

FOMC Minutes Show Same Stand-Still Philosophy Described by Chair Powell WASHINGTON (MaceNews) – Federal Open Market Committee participants mulled the possibility of upside and downside risks on inflation, the pandemic and the uncertain future course of the economy, giving no hint they were even beginning to consider any policy changes. The minutes, in fact, seemed […]

Italy’s PM Draghi Calls For Common EU Budget, Says Euro ‘Not Reversible’

By Silvia Marchetti ROME (MaceNews) – Italy’s Prime Minister Mario Draghi said on Wednesday that the euro is irreversible and called for a common European budget to tackle challenges ahead. In a keynote speech at the Senate ahead of a confidence vote, Draghi pledged to efficiently implement pandemic European direct aid and implement a series […]

Pandemic Drives Surge in Global Debt in 2020, With Europe Leading, IIF Reports

NEW YORK (MaceNews) – Global public and private borrowing accelerated dramatically in 2020 as the pandemic crushed revenues, but borrowing is likely to slow with recovery in 2021, an international banking group reported Wednesday. Global public and private debt soared by $24 trillion in 2020 to a record $281 trillion — the 2020 gain alone […]