FED OFFICIALS WEIGH MORE EASING SOON AMID UNCERTAINTIES
By Steven K. Beckner ST. LOUIS (MaceNews) – As Federal Reserve policy-makers prepare to consider further interest rate reductions in two weeks, supporters of the late July rate cut have become more unequivocal about the need for additional easing, and there are signs that erstwhile opponents are becoming more open to it. With corporate purchasing managers showing […]
FED’S BEIGE BK SHOWS MIXED RESULTS BUT NO DANGER SIGNS
WASHINGTON (MaceNews) – “Concerns,” “mixed” and “modest” were the key words in the latest Beige Book survey of national economic trends Wednesday, and while the overall picture was muddled it wasn’t overly negative. “Although concerns regarding tariffs and trade policy uncertainty continued, the majority of businesses remained optimistic about the near-term outlook,” the survey summary […]
FED’S WILLIAMS: ‘MORE WORK TO DO’ BEFORE FED DECIDES NEXT POLICY STEP
By Tony Mace NEW YORK (MaceNews) – Federal Reserve policy-makers are not yet ready to decide their next policy move, and their thinking hinges on domestic data and global economic conditions, New York Fed President John Williams said Wednesday. “We still have a lot of work to do – there’s more data, including the employment […]
BOSTON FED CHIEF: ‘NOT OVERLY WORRIED’ ABOUT US ECONOMY
By Scott Van Voorhis EASTON, Mass. (MaceNews) – Shrugging off stock market turbulence and a deepening trade war, Boston Federal Reserve Bank President Eric Rosengren is taking a bullish view of the health of the national economy. While Fed officials are keeping a close eye on potential recession indicators, Rosengren said he is fairly comfortable […]
JACKSON HOLE: POWELL STAYS NONCOMMITTAL ON FURTHER RATE CUTS
By Steven K. Beckner (MaceNews) – Ever since the Federal Reserve’s policymaking Federal Open Market Committee cut interest rates modestly for the first time in 11 years on July 31, financial markets have been eagerly waiting to see what Chairman Jerome Powell’s monetary policy posture would be three weeks later at the Fed’s annual Jackson […]
FED’S POWELL: FIXATED ON DATA POINTS IN ‘EVENTFUL’ PRELUDE TO FOMC
WASHINGTON (MaceNews) – Key excerpts of Federal Reserve Chair Jerome Powell’s Jackson Hole speech Friday, “Challenges for Monetary Policy” with boldfaced emphasis added: People who live and work in low- and middle-income communities tell us that this job market is the best anyone can recall. We increasingly hear reports that employers are training workers who […]
FOMC MINUTES SHOW NO PROMISE OF MORE RATE CUTS
–Wanted to Avoid ‘Any Appearance of Following Pre-Set Course’ –Meandering Discussion Struggles for Consensus; Saw ‘Absence of Clarity’ –‘Uncertainty’ and ‘Uncertainties’ Make Frequent Appearances By Denny Gulino WASHINGTON (MaceNews) – The view that the top Federal Reserve policymakers are as confused as everyone else in an environment of sharply conflicting signals – strong domestic jobs […]
FED’S BULLARD: NEED TO WAIT, SEE IF MORE EASING NEEDED
By Steven K. Beckner WASHINGTON (MaceNews) – St. Louis Federal Reserve Bank President James Bullard said Tuesday the Fed “took out insurance” against trade-related risks to the economy by cutting interest rates last week and must now determine if more credit easing is needed.. In cutting rates, Bullard told the National Economics Club the central […]
FED’S BRAINARD AS STOCKS PLUNGE: ‘COMMITTED TO SUSTAINING THE EXPANSION
By Denny Gulino KANSAS CITY (MaceNews) – Federal Reserve Gov. Lael Brainard, as the Dow industrials were plunging to a loss of more than 800 points Monday, reiterated that the Fed “is committed to sustaining the expansion” and that the market developments are bineg monitored closely for any implications for future policy. Answering questions from […]
FED’S POWELL VAGUE ABOUT WHAT HAPPENS NEXT
–A Quarter-Point Cut and Then Maybe Another One – But Not a ‘Long’ Series By Denny Gulino WASHINGTON (MaceNews) – Federal Reserve Chairman Jerome Powell Wednesday said the day’s first rate cut in a decade is not necessarily the opening gun in an extended series but also not necessarily the only one, depending on whether […]