FOMC Policy Statement: Tapering ‘May Soon be Warranted’
WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday put off any declarations on when it might begin the tapering process other than saying “it may soon be warranted.” Inflation? It’s still largely transitory.. The text of the statement follows: The Federal Reserve is committed to using its full range of tools to support the […]
Biden’s Fork in the Road on the Fed
WASHINGTON (MaceNews) – Federal Reserve Chairman,Jerome Powell’s term expires at the end of January 2022. Market watchers have been reading the tea leaves for signs of which direction the Biden Administration will take. The White House has four upcoming openings on the Fed. This gives President Biden the chance to make his mark on the […]
Tuesday September 14 Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Tuesday’s schedules for the White House, Treasury, the State Department, USTR, the Capitol and for upcoming Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORTUESDAY, SEPTEMBER 14, 2021 In the morning, the President will travel to Denver, Colorado. The departure from Long Beach Airport will be open […]
Cleveland Fed’s Mester Expects Inflation To Dip Next Year But Sees Upside Risks
Sees ‘Transitory’ As ‘Less Useful’ Term To Describe Inflation Upsurge Calls For Clearer FOMC Communication on Inflation, Employment Goals By Steven K. Beckner (MaceNews) – Cleveland Federal Reserve Bank President Loretta Mester warned Friday that inflation could persist at higher levels next year and questioned the use of the term “transitory” to describe the current […]
Thursday Washington Schedules from MaceNews
The White House DAILY GUIDANCE AND PRESS SCHEDULE FOR THURSDAY, SEPTEMBER 9 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In the evening, the President will deliver remarks on his robust plan to stop the spread of the Delta variant and boost COVID-19 vaccinations. These remarks […]
NY Fed’s Williams: 2021 Taper ‘Could Be Appropriate,’ But Must Assess Data
– Fed Progress Goal Met For Inflation, But Not for Employment – Very Good Progress Made On Jobs, But Wants To See More – MBS, Treasury Purchases Complementary; ‘Working Side By Side Together’ – Timing of Liftoff Doesn’t Depend on Timing of Tapering By Steven K. Beckner (MaceNews) – New York Federal Reserve Bank President […]
Fed’s Beige Book: Economy Weighed by Delta Variant with Growth ‘Downshifted’
WASHINGTON (MaceNews) – The Federal Reserve’s survey of economic conditions nationwide Wednesday found the economy “downshifted slightly” during the summer as the Delta variant hurt restaurants, tourism and travel while supply disruptions, labor shortages and semiconductor shortages added to the slowing. The survey of the 12 regional Fed districts was conducted through Aug. 30 and […]
Wednesday Washington Schedules from MaceNews
The White House DAILY GUIDANCE AND PRESS SCHEDULE FOR WEDNESDAY, SEPTEMBER 8, 2021 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. After, the President will deliver remarks in honor of labor unions in the East Room. […]
Tuesday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Tuesday’s schedules for the White House, Treasury, the State Department, USTR, the Capitol and for upcoming Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORTUESDAY, SEPTEMBER 7, 2021 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. Then, the […]
Monday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Monday’s schedules for the White House, Treasury, the State Department, USTR, the Capitol and for upcoming Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORMONDAY, SEPTEMBER 6 In the evening, the President will return to the White House from Wilmington, Delaware. The departure from Delaware Air […]