FED’S POWELL MAKES THE ‘FED PUT’ EXPLICIT RE TRADE TURBULENCE
–‘We Will Act as Appropriate’ to Sustain Expansion By Denny Gulino CHICAGO (MaceNews) – In a major announcement Tuesday, Federal Reserve Chairman Jerome Powell made the “Fed put” explicit, saying, “We will act as appropriate to sustain the expansion” in case of trade negotiation turbulence. He is making the remarks at a Chicago Fed conference […]
ANALYSIS: FIN RISKS ADD TO TRADE, INFL WORRIES TO STYMIE FED
By Steven K. Beckner AMELIA ISLAND, Fla. (MaceNews)– Nettlesome uncertainties about inflation, trade and now financial stability are keeping U.S. monetary policy stuck firmly where it’s at for the foreseeable future. For now, the economy is doing too well for the Federal Reserve to cut interest rates, but those concerns seem equally likely to prevent […]