Powell Repeats Further Rate Hike Signal; Objects to ‘Pause’ Description
– Outlines Fed’s Balance Sheet Reduction Strategy By Steven K. Beckner (MaceNews) – Federal Reserve Chair Jerome Powell reaffirmed Wednesday his strong message that the Fed will be raising short-term interest rates again in all probability. Testifying on the Fed’s semi-annual Monetary Policy Report to Congress, Powell largely reiterated what he said last Wednesday after the Fed’s […]
White House and Other Schedules for Wednesday, June 21
WASHINGTON (MaceNews) – The following are Wednesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, JUNE 21, 2023In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. Later, the […]