FOMC Lifts Funds Rate By 50 Bp; More to Come but Path Remains In Doubt
– Powell Says 50 BP Hikes Will Be “On Table” Next Two FOMC Meetings – 75 BP Hike Not Under Consideration – Will Need to Be ‘Nimble’ Given Uncertain, Changing Outlook – Quick-paced Balance Sheet Reduction To Begin June 1 By Steven K. Beckner (MaceNews) – Federal Reserve policymakers not only continued raising short-term interest […]
Text of Fed Statement on Plans to Reduce Balance Sheet, Starting June 1
Consistent with the Principles for Reducing the Size of the Federal Reserve’s Balance Sheet that were issued in January 2022, all Committee participants agreed to the following plans for significantly reducing the Federal Reserve’s securities holdings. The Committee intends to reduce the Federal Reserve’s securities holdings over time in a predictable manner primarily by adjusting […]
Text of FOMC Policy Announcement May 4, 2022
Although overall economic activity edged down in the first quarter, household spending and business fixed investment remained strong. Job gains have been robust in recent months, and the unemployment rate has declined substantially. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher energy prices, and broader price pressures. The invasion of […]
White House and Other Schedules for Wednesday, May 4
WASHINGTON (MaceNews)—The following are Wednesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, MAY 4, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. After, the President and the First […]
White House and Other Schedules for Tuesday, May 3
WASHINGTON (MaceNews)—The following are Tuesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FORTUESDAY, MAY 3, 2022 In the morning, the President will travel to Troy, Alabama. The departure from the White House and the departure from Joint Base […]
White House and Other Schedules for Monday, May 2
WASHINGTON (MaceNews)—The following are Monday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FORMONDAY, MAY 2, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In the afternoon, the President will […]
White House and Other Schedules for Saturday and Sunday
WASHINGTON (MaceNews)—The following are Saturday and Sunday schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US data and Federal Reserve events: WEEKEND GUIDANCE AND PRESS SCHEDULE FOR SATURDAY, APRIL 30, 2022 AND SUNDAY, MAY 1, 2022 On Saturday evening, the President and the First Lady will attend the White […]
White House and Other Schedules for Friday, April 29
WASHINGTON (MaceNews)—The following are Friday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FORFRIDAY, APRIL 29, 2022 In the morning, the President will receive the President’s Daily Brief in the Oval Office. This meeting will be closed […]
White House and Other Schedules for Thursday, April 28
WASHINGTON (MaceNews)—The following are Thursday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US Data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FORTHURSDAY, APRIL 28, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. Then, the President will […]
White House and Other Schedules for Wednesday, April 27
WASHINGTON (MaceNews)—The following are Wednesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US Data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, APRIL 27, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. After, the President will attend the […]