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 […]
US Data Preview Commentary: CPI, PPI, UMich and Most Important and Least Regarded, Productivity
WASHINGTON (MaceNews) – It’s inflation week, with the CPI and the PPI on Wednesday and Thursday, reigniting the now sterile speculation about whether price pressures are transitory, when it’s more important for the same question to be applied to a quite different economic statistic, Tuesday’s report on productivity. Simply stated, productivity growth is what sustains […]
Fed’s Clarida Conditionally Points Toward Tapering Announcement ‘Later This Year’
–But Fed Vice Chairman Wants ‘Several Months’ of Labor Market Data By Steven K. Beckner (MaceNews) – Federal Reserve Vice Chairman Richard Clarida pointed toward a potential announcement of reduced asset purchases “later this year,” but said it will probably take “several months” to get a clear employment picture. Clarida was upbeat in a webinar […]
Thursday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Thursday’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 FORTHURSDAY, JULY 29, 2021 In the morning, the President and the Vice President will receive the President’s Daily Brief in the […]
Fed’s Powell: Progress Made, But Economy Not Yet At ‘Substantial Further Progress’
–Little Support For Faster Reduction in MBS Purchases. By Steven K. Beckner (MaceNews) – Federal Reserve Chairman Jerome Powell continued Wednesday to set the stage for eventual reductions in the Fed’s large-scale asset purchases, and gave no clear signal as to when “tapering” could commence. For the time being, the policy making Federal Open Market […]
Wednesday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Wednesday’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 FORWEDNESDAY, JULY 28, 2021 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. Then, the […]
Tuesday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Tuesday’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 FORTUESDAY, JULY 27, 2021 In the morning, the President and the Vice President will receive the President’s Daily Brief in the Oval […]
US NABE Survey Shows Optimism About Pace of Hiring, Profits, Growth
WASHINGTON (MaceNews) – The latest survey of National Association for Business Economics Monday showed continuous optimism about hiring, profits and growth. The 93 business economists surveyed saw a strong growth trajectory ahead with some seeing the second quarter’s expected spectacular result, to be reported Thursday, being maintained in several quarters ahead. The commentary and highlights […]
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, JULY 26, 2021 In the morning, the President will receive the President’s Daily Brief in the Oval Office. This meeting […]