Chicago Fed’s Evans Sees Strong Economic Rebound in 2021
— Says Fed will continue to do asset purchases across the Treasury curve in current economic environment— Evans watching 10-year yield as an bellwether; accommodative monetary appropriate— Evans sees U.S. stimulus package as a positive, notes consumer spending strong— Says current unemployment rate masks those who cannot return to work, but still sees economy strongly […]
Wednesday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Wednesday’s public schedules for the White House, Treasury, the Capitol and for upcoming economic data and Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, MARCH 3, 2021 In the morning, the President and the Vice President will receive the President’s Daily Brief in the Oval […]
SF Fed’s Daly: Yield Curve Control a Tool Fed Could Use If Needed; Must Choose Price or Quantity
By Steven K. Beckner (MaceNews) – San Francisco Federal Reserve Bank President Mary Daly said Tuesday that monetary policy is “in a good place” presently, but said the Fed could decide to extend the maturity of its asset purchases if necessary – for example if it decided that long-term interest rates were moving too high. […]
TUESDAY WASHINGTON SCHEDULES FROM MaceNews
WASHINGTON (MaceNews) – The following are Tuesday’s public schedules for the White House, Treasury, the Capitol and for upcoming economic data and Federal Reserve events: White HouseDAILY GUIDANCE AND PRESS SCHEDULE FORTUESDAY, MARCH 2, 2021 In the morning, the President and the Vice President will receive the President’s Daily Brief in the Oval Office. This […]
Saturday/Sunday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are the public schedules for the White House, Treasury, the Capitol and for upcoming economic data: WEEKEND GUIDANCE AND PRESS SCHEDULE FORSATURDAY, FEBRUARY 27, 2021 AND SUNDAY, FEBRUARY 28, 2021 On Saturday, the President will deliver remarks on the American Rescue Plan. This event will be pooled press. Later, the President […]
US Data Preview: Jobs Report, Powell Speaks, Beige Bk, ISMs
WASHINGTON (MaceNews) – The week ahead features January’s jobs report and, the day before, Federal Reserve Chair Jay Powell talking about jobs. With the escalation of the 10-year yield lately, a lot of viewers of the Wall Street Journal Jobs Summit appearance would rather he talk about inflation, credit costs, the way measures of inflation […]
Fed’s Bullard: Want To See Economic Progress Materialize Before Consider Policy Adjustment
By Steven K. Beckner (MaceNews) – St. Louis Federal Reserve Bank President James Bullard was upbeat about the economic outlook Thursday, but said he is not ready to start considering any scaling back of the Fed’s ultra-easy monetary policy. He told reporters he is not concerned about the recent spike in bond yields and does […]
KC Fed’s George: ‘Too Early To Discuss Pulling Back’ Monetary Ease
– Be ‘Patient’ For Now, But Must ‘Reconsider’ Policy Settings as Virus Fog Clears – Not Worried About Rising Yields, Breakevens Now, But Watch Wages, Prices By Steven K. Beckner (MaceNews) – Kansas City Federal Reserve Bank President Esther George said Thursday that, for now, the Fed needs to be “patient” in maintaining an accommodative […]
Fed’s Powell Again Signals No Rush to Taper Asset Purchases
By Steven K. Beckner Want to See ‘Actual Progress’ Toward Employment, Inflation Goals Downplays Inflation, Financial Stability, Dollar Risks (MaceNews) – Federal Reserve Chairman Jerome Powell again Wednesday signaled that the Fed will maintain its ultra-easy monetary policy stance unabated for the foreseeable future. Powell, testifying for a second straight day on the Fed’s semiannual […]
Wednesday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Wednesday’s public schedules for the White House, Treasury, the Capitol and for upcoming economic data: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, FEBRUARY 24, 2021 In the morning, the President will receive the President’s Daily Brief in the Oval Office. This meeting will be closed press. In the […]