Category: FOMC

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 […]

Jackson Hole: Fed Gets Easy Money Advice At Symposium From Presenters

By Steven K. Beckner (MaceNews) – As Federal Reserve policymakers try to calibrate the appropriate amount of monetary stimulus for an economy still recovering from the Covid virus and experiencing unpredictable cross currents in labor and other markets, they received plenty of advice from presenters at the Fed’s annual Jackson Hole symposium Friday. Most of […]

Cautious Powell Stops Short of Signaling Near-Term Tapering In Jackson Hole Talk

‘Progress’ on Employment Made But Much More Ground To Cover Cites Downside Risks From Delta Variant Warns Would Be ‘Mistake’ To Tighten Policy Too Soon By Steven K. Beckner (MaceNews) – A cautious Federal Reserve Chairman Jerome Powell Friday continued to indicate that the Fed is getting closer to scaling back asset purchases, but stopped […]

Updated Sunday Washington Schedules from MaceNews

WASHINGTON (MaceNews) – The following are Sunday’s updated schedules for the White House, Treasury, the State Department, the Capitol and for upcoming Federal Reserve events: The White House UPDATED: On Sunday, the President will meet with his national security team to hear intelligence, security, and diplomatic updates on the evolving situation in Afghanistan. This meeting in […]

FOMC Minutes Show Divisions On When To Start Tapering

–Some Favored Preparing To Taper ‘Relatively Soon;’ Others Counseled ‘Patience’ –Discussions Took Place Amid ‘Quite High’ Uncertainty Before Strong July Jobs Data By Steven K. Beckner (MaceNews) – Federal Reserve officials began to seriously consider when and how to reduce asset purchases at the July 27-28 meeting of the Fed’s policymaking Federal Open Market Committee, […]

The July FOMC Meeting Saw Divergent Views on Tapering Timing

WASHINGTON (MaceNews) – As described at the time by Federal Reserve Chair Jay Powell, the July 27-28 Federal Open Market Committee saw a variety of views about when to start the tapering progress, exhibiting considerably more caution than much of the subsequent Fedspeak advocating faster action, the minutes of the meeting suggested Wednesday. The section […]

BofA Global Research Fund Manager Survey: Prospects of Fed Taper, China Easing, Delta Variant Concerns Weigh on Growth Outlook

By Vicki Schmelzer NEW YORK (MaceNews) – Federal Reserve tapering prospects, potential People’s Bank of China easing and the fast-paced spread of the COVID-19 Delta variant weighed on the growth outlook in August, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. Even though world growth expectations slipped more markedly […]

Chicago Fed’s Evans: ‘We’re Well on Our Way’ Toward Tapering

– Taper Could Begin Early Next Year Following December Decision By Steven K. Beckner (MaceNews) – Chicago Federal Reserve Bank President Charles Evans sounded noticeably less reluctant to begin scaling back asset purchases Tuesday. Evans, talking to reporters via Webex, said the economy is “well on its way” to meeting the Fed’s employment and inflation […]

Monday Washington Schedules from MaceNews

WASHINGTON (MaceNews) – The following are Monday’s schedules for the White House, Treasury, the State Department, the Capitol and for upcoming Federal Reserve events: The White House    DAILY GUIDANCE AND PRESS SCHEDULE FORMONDAY, AUGUST 9, 2021  On Monday, the President will remain in Wilmington, Delaware. In the morning, the President will receive the President’s Daily […]