Fed’s George: Fed Must ‘Act Decisively’ Vs. Inflation, But Not Too Fast
– Case for Tightening ‘Clear-Cut’ But Speed ‘An Open Question’ – Hiking Rates Too Fast Could Create ‘Strains,’ Increase Recession Risks – Warns of Inverting Yield Curve, Upsetting Markets While Shrinking Balance Sheet – Urges More ‘Steady’ And ‘Predictable’ Rate Hikes By Steven K. Beckner (MaceNews) – Kansas City Federal Reserve Bank President Esther George […]
FOMC Minutes: Fed Officials Leaned Toward More Tightening Despite Downside Risks
– 50-75 BP Hike in July Envisioned – Policy Might Need to Become ‘Even More Restrictive” than Anticipated By Steven K. Beckner (MaceNews) – Federal Reserve officials tilted toward a more restrictive monetary policy at their mid-June Federal Open Market Committee meeting despite signs of a slowing economy, minutes released Wednesday reveal. Not only did […]
<strong>Powell: Rates Must Rise To “Restrictive” Levels to Curb Demand, Inflation</strong>
– Still Hopes For ‘Soft Landing’ but Achieving It ‘More Challenging’ By Steven K. Beckner (MaceNews) – Federal Reserve Chair Jerome Powell said Wednesday that he and his fellow monetary policy-makers must continue to raise short-term interest rates into “restrictive” territory to validate financial market expectations and successfully fight inflation. Powell, testifying on the Fed’s […]
White House and Other Schedules for Wednesday, June 22
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, JUNE 22, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In the afternoon, […]
White House and Other Schedules for Thursday, June 16
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, JUNE 16, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In the afternoon, […]
<strong><br>FOMC Lifts Funds Rate 75 BPs; Signals More Rate Increases To Curb Inflation</strong>
– Powell Signals Rate Hikes in July and Beyond; 50 Most Likely In July – Dot Plot Projects Elevated Funds Rate Amid Worse Inflation, Slower GDP, More Jobless – Officials See Funds Rate at 3.4% End 2022; 3.8% End 2023; 3.4% End 2024 – ‘Neutral’ Rate Revised Up, But Only by A Tenth By Steven K. Beckner (MaceNews) – Federal […]
White House and Other Schedules for Wednesday, June 15
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, JUNE 15, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In the afternoon, […]
White House and Other Schedules for Tuesday, June 14
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, JUNE 14, 2022 In the morning, the President will travel to Philadelphia, Pennsylvania. The departure from the South Lawn will be open […]
White House and Other Schedules for Monday, June 13
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, JUNE 13, 2022 In the morning, the President will return to the White House from Wilmington, Delaware. The departure from Wilmington, Delaware will […]
White House and Other Schedules for Saturday and Sunday
WASHINGTON (MaceNews) – The following are Saturday and Sunday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US data and Federal Reserve events: Saturday, June 11, 2022 The President will travel to Santa Fe, Mexico and meet with New Mexico Governor Michelle Lujan Grisham, State and local officials, first […]