FOMC PREPARES FOR FIRST MEETING IN NEW MONETARY FRAMEWORK ERA
By Steven K. Beckner (MaceNews) – There was very little chance the Federal Reserve was going to raise interest rates anytime soon but, just to make sure, the Fed’s rate-setting Federal Open Market Committee gave itself a dual justification for holding rates down indefinitely with the new monetary policy framework it announced on Aug. 27 […]
STATUS CHECK: AN UNEXPECTED SILVER LINING IN A TRUMP TWEET
WASHINGTON (MaceNews) –-The following is Friday’s status check of developments in the U.S. that can influence economic, health and political outcomes: A week of many parts, – some scary, some absurd, some mystifying – and yet only a very few worth holding on to, with meaning for the future. That narrows it down to Tuesday’s […]
FED’S EVANS: ‘PARTISAN POLITICS’ THREATENS FISCAL RELIEF; POSES ‘SIGNIFICANT DOWNSIDE RISK’
NEW YORK (MaceNews) – Political wrangling threatens needed fiscal support for the U.S. economy, and poses a big downside risk, Chicago Fed President Charles Evans said Thursday. In unusually blunt language, Evans called out politicians for lack of action, saying the expiration of an array of federal programs threatens the recovery, and that more fiscal […]
STATUS CHECK: TRUMP WANTS TO DISOWN NYC, PORTLAND, D.C.
WASHINGTON (MaceNews) –-The following is Wednesday’s status check of developments in the U.S. that can influence economic, health and political outcomes: The day was full of campaign moves, some disguised as something else. For instance, President Trump’s memo to government agencies late in the day directed preparations be made to disown certain cities that he […]
FED’S BEIGE BK SEES MIXED ECONOMY, ‘STALLED’ IN NY, STRONG IN CHI
WASHINGTON (MaceNews) – The latest Federal Reserve Beige Book survey of economic activity in all 12 regional districts Wednesday found a mixed picture, with a wide range of outcomes from “stalled” in the New York district to “strongly” improved in Chicago. Generally the survey prepared by the Minneapolis bank for the next Federal Open Market […]
FED’S WILLIAMS: NEW FRAMEWORK STRENGTHENS FED HAND IN TARGETING MAXIMUM EMPLOYMENT, PRICE STABILITY
NEW YORK (MaceNews) – The Fed’s new policy framework targeting average inflation over time puts the central bank in a stronger position to meet its employment and inflation goals, New York Fed President John Williams said Wednesday. “The new framework statement directly and effectively addresses the problems caused by a low neutral rate and persistently […]
STATUS CHECK: CREDIBILITY, DENIALS, INSINUATIONS AND CHARGES
WASHINGTON (MaceNews) – The following is Tuesday’s status check of developments in the U.S. that can influence economic, health and political outcomes: At the end of last week it was noted here that events had chipped away at the credibility of the government and the White House in particular regarding the coronavirus. Now it has […]
STATUS CHECK: FOOD LINES AND GOVT INERTIA; VIRUS, STREET UNREST, JOBLESSNESS
WASHINGTON (MaceNews) – The following is Monday’s status check of developments in the U.S. that can influence economic, health and political outcomes: Life in these United States, another chapter. President Trump holds a news conference and defends his MAGA truck rally firing paint balls at Black Lives Matter protestors – “Paint is not bullets.” – […]
STATUS CHECK: FROM JACOB BLAKE TO CHADWICK BOZEMAN, A WEEK TO REMEMBER – AND FORGET
WASHINGTON (MaceNews) – The following is Friday’s status check of developments in the U.S. that can influence economic, health and political outcomes: A week filled with news is over. No more apocalyptic-themed Republican National Convention. The ghost of Hurricane Laura is cutting across the Washington-to-Philadelphia area toward the Atlantic. The Federal Reserve has formalized its […]
STATUS CHECK: DODGING THE HURRICANE BULLET; ACCEPTING NOMINATION
WASHINGTON (MaceNews) – The following is Thursday’s status check of developments in the U.S. that can influence economic, health and political outcomes: In the words of Texas Gov. Greg Abbott the Gulf Coast region as well as the northern path inland of Hurricane Laura “dodged a bullet” Thursday with the storm a shade less powerful […]