White House and Other Schedules for Thursday, April 14
WASHINGTON (MaceNews)—The following are Thursdays 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 14, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. Then, the President […]
White House and Other Schedules for Wednesday, April 13
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 13, 2022 In the morning, the President and the Vice President will receive the President’s Daily Brief in the Oval Office. […]
White House and Other Schedules for Tuesday, April 12
WASHINGTON (MaceNews)—The following are Tuesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FORTUESDAY, APRIL 12, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. Then, the […]
WHITE HOUSE AND OTHER SCHEDULES FOR MONDAY, APRIL 11
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, APRIL 11, 2022 In the morning, the President will return to the White House from Wilmington, Delaware. The departure from Delaware Air […]
<strong>FOMC Minutes: Sentiment for 50 bp Rate Hike Deferred Due to Ukraine Concerns</strong><strong></strong>
– Future 50 BP Hikes Apt To Be On The Table – FOMC Made Ready For Balance Sheet Reduction With Expanded Caps By Steven K. Beckner (MaceNews) – Federal Reserve officials leaned heavily toward further increases in short-term interest rates at their mid-March Federal Open Market Committee meeting, but conditioned the size and pace of […]
FOMC: Likely Bal Sheet Runoff to be $60 Bln Tsys/Month, $35 Bln MBS/Month
WASHINGTON (MaceNews) – The Federal Open Market Committee minutes released Wednesday suggested a more aggressive runoff of the balance sheet than had generally been expected – at least before Gov. Lael Brainard’s more hawkish statements Tuesday – sending markets into sudden volatility as the implications were absorbed by market participants. The details of what the […]
<strong>St. Louis Fed’s Bullard: Get Funds Rate To Neutral Or Higher To Curb Inflation</strong>
– Fed Has ‘Long Ways To Go” To Hike Rates; Should Move Faster Than In Past – After Starting ‘Passive Runoff’ Of Balance Sheet May Need To Sell Assets – Despite Ukraine, U.S. Economy Will Grow Above Potential, Further Reduce Unemployment By Steven K. Beckner (MaceNews) – With inflation “way over” the Federal Reserve’s 2% […]
Cleveland Fed’s Mester Favors Hiking Funds Rate to 2.5% This Year; More in ‘23
– Probably Need to Hike by 50 BP at Some Point; Shouldn’t Be Off the Table – Upside Inflation Risks Outweigh Downside Growth Risks From Ukraine War – Must Be Willing to Adjust Policy; Go Slower on Rate Hikes If Inflation Moderates By Steven K. Beckner (MaceNews) – Cleveland Federal Reserve Bank President Loretta Mester […]
Former Dove Kashkari Now Says Fed Rate Hikes May Have To Get More Aggressive
– Bullard Explains Dissent In Favor of Higher Funds Rate By Steven K. Beckner (MaceNews) – Minneapolis Federal Reserve Bank President Neel Kashkari has built a reputation as one of the more “dovish” Fed policy-makers, but in an essay released Friday, he sounded distinctly less so. Kashkari, not a voting member of the Fed’s interest […]
FOMC Lifts Off from Zero with 25bp Rate Hike; 6 More Projected for 2022
– Powell Says FOMC May Move Faster If Needed To Reduce Inflation – Says Funds Rate Could Go ‘Beyond’ Downwardly Revised ‘Neutral’ Rate – Balance Sheet Reduction Plan Could Be Announced As Soon As May Meeting By Steven K. Beckner (MaceNews) – After holding short-term interest rates near zero for two years to support a […]