NY Fed’s Williams: Taper ‘May Soon Be Warranted’ If Progress Continues
– If Start Taper Soon, Can Be ‘Smooth,’ Not Disruptive – Ending Taper By Mid-2022 ‘Reasonable’ – Inflation Test Met; ‘Lot of Progress’ Made On Employment – FOMC Shouldn’t Lift Off Too Soon; Want To Achieve Maximum Employment By Steven K. Beckner (MaceNews) – New York Federal Reserve Bank President John Williams strongly suggested he […]
Chicago Fed’s Evans: Fed Needs to Keep Working to Lift Inflation Expectations
By Steven K. Beckner (MaceNews) – Chicago Fed President Charles Evans strongly doubted whether current elevated inflation will be sustained and stressed the need for the Fed to keep striving to overshoot the 2% average inflation target to lift inflation expectations rather than just hoping higher inflation will be perpetuated by “accidental” forces like transitory […]
Bundesbank: Crypto Tokens Should be Independent of Central and Commercial Banks
By Marco Babic ZURICH (MaceNews) – The systems designed around crypto tokens, such as Bitcoin, should be independent of central banks and commercial banks because it is their actions that determine the value of the underlying means of payment, the Bundesbank said in its monthly report for September. Bitcoin was introduced in 2008 with the […]
ECB Forum: Policy Statements Limited to Lagarde’s Opening Address
LONDON (MaceNews) – Any statement or expansion of European Central Bank policy at the annual policy forum scheduled Tuesday is likely to come from President Christine Lagarde’s opening statement scheduled for 1400 CET on Tuesday, according to senior ECB officials. Lagarde will kick off the ECB’s annual policy forum, an event usually held in the […]
Monday September 27 Washington Schedules from Mace News
The White House DAILY GUIDANCE AND PRESS SCHEDULE FOR MONDAY, SEPTEMBER 27, 2021 In the morning, the President and the Vice President will receive the President’s Daily Brief in the Oval Office. This meeting will be closed press. In-Town Pool Wires: AP, Reuters, Bloomberg Wire Photos: AP, Reuters, AFP, NYT TV Corr & Crew: CNN […]