TUESDAY WASHINGTON SCHEDULES FROM MaceNews
WASHINGTON (MaceNews) – The following are Tuesday’s schedules for the White House, Treasury, Capitol Hill along with upcoming economic data: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORTUESDAY, FEBRUARY 2, 2021 In the morning, the President and the Vice President will receive the President’s Daily Brief in the Oval Office. This meeting is […]
DATA PREVIEW: JOBS REPORT, ISMS, FACTORY ORDERS
WASHINGTON (MaceNews) – After a week full of GameStop drama, the upcoming week’s data doesn’t seem to have nearly as much surprise potential, including the jobs report which few expect to contain much good news. Friday’s employment situation report is unlikely to paint a picture much different than the broad outlines depicted by the weekly […]
FED’S POWELL: PREMATURE TO TALK ABOUT EXIT FROM EASY MONETARY POLICY
By Steve Beckner –Vows Clear Communication Well Ahead of Any Tapering of QE–Downplays Concerns About Inflation, Asset Bubbles (MaceNews) – Federal Reserve Chairman Jerome Powell showed some impatience with talk of “exiting” from the Fed’s exceptionally easy monetary policies Wednesday and vowed to continue providing support to the economic recovery “until the job is done.” […]
FOMC: CONCENTRATES ON CONTINUING VIRUS ECONOMIC DAMAGE
(WASHINGTON (MaceNews) – The Federal Open Market Committee, while standing pat on all fronts as expected Wednesday, only intensified its emphasis on the continuing economic damage being imposed by the pandemic, despite the advent of vaccine inoculations. The following is the FOMC statement text: The Federal Reserve is committed to using its full range of […]
WEDNESDAY WASHINGTON SCHEDULES
WASHINGTON (MaceNews) – The following are Wednesday’s public White House, Treasury, House and Senate schedules: White House Schedule 9:00 AMIn-Town Pool Call TimeThe White House – In-Town Pool 9:30 AMThe President and The Vice President receive the President’s Daily BriefOval Office – Closed Press 12:15 PMPress BriefingPress Briefing by Press Secretary Jen Psaki, Special Presidential […]
DATA PREVIEW: 4Q GDP, IMF’S WEO, FOMC, DURABLE GOODS
WASHINGTON (MaceNews) – The upcoming week is packed with economic data, including the fourth quarter GDP, as well as a Federal Open Market Committee policy update and Chair Jay Powell’s news conference, and an update to the IMF’s World Economic Outlook. The GDP report is Thursday. The various GDPNow estimates don’t agree, with the New […]
FOMC TO STAND PAT IN SEEKING MORE INFLATION, EMPLOYMENT
–Fed Officials Agree in Principle; Only Time Will Tell On Implementation By Steve Beckner (MaceNews) – Important questions but only tentative answers abound as the Federal Reserve approaches its first monetary policy meeting of the new year in a mood to await further economic, financial and, yes, public health developments before changing its policy settings. […]
DATA PREVIEW: HOUSING WEEK AND HOPEFULLY NEW BEGINNINGS
–Domestic Terrorism, Mounting Virus Death Tolls, Deep Divisions Overwhelm Data WASHINGTON (MaceNews) – The upcoming week’s events, an Inauguration Day in the armed camp “Green Zone” that is now D.C. amid threats of violence at statehouses across the country, overshadows what little economic data will be published. The week begins with a holiday, progresses to […]
FED’S POWELL: NOW NOT TIME TO TALK ABOUT EXIT; WON’T CONSIDER UNTIL GOALS REACHED
— Vows To Communicate Very Clearly To Markets To Avoid 2013-style ‘Taper Tantrum’ By Steven K. Beckner (MaceNews) – Federal Reserve Chairman Jerome Powell stressed Thursday that the Fed is far from “exiting” either its zero short-term interest rate stance or its aggressive asset purchase program and proclaimed that the Fed will clearly communicate its […]
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 […]