FOMC Minutes Show Determination to Stay the Course and Stick With Message Until Outcomes Improve
WASHINGTON (MaceNews) – The minutes of the most recent Federal Open Market Committee released Wednesday only reinforced the central bank’s pandemic-era’s message, that it is standing pat on its highly accommodative stance until employment has fully recovered while it carefully monitors the Treasuries market for signs of stress. Government pandemic relief is hastening recovery, several […]
Fed’s Evans To Reporters: Too Early To Start Talking About Enough Progress To Taper Bond Buying
By Steven K. Beckner (MaceNews) – Chicago Federal Reserve Bank President Charles Evans was upbeat about the economic outlook Wednesday, but said the Fed is still “some ways” from achieving its employment and inflation goals and therefore needs to retain its ultra-loose monetary policy stance. Evans, a 2021 voting member of the Fed’s policy making […]
Monday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Monday public schedules for the White House, Treasury, the Capitol and for upcoming economic data and Federal Reserve events: The White House The White House DAILY GUIDANCE AND PRESS SCHEDULE FORMONDAY, APRIL 5, 2021 In the morning, the President will return from Camp David to the White House. The […]
SATURDAY/SUNDAY WASHINGTON SCHEDULES FROM MaceNews
WASHINGTON (MaceNews) – The following are Saturday and Sunday’s public schedules for the White House, Treasury, the Capitol and for upcoming economic data and Federal Reserve events: The White House WEEKEND GUIDANCE AND PRESS SCHEDULE FORSATURDAY, APRIL 3, 2021 AND SUNDAY, APRIL 4, 2021 On Saturday and Sunday, the President, AT Camp David, has no […]
Data Preview: But First, March Payrolls Were Strong – and Irrelevant for the Long Haul – As ‘Benchmark Effect’ Skews Perceptions
WASHINGTON (MaceNews) – The next steps for the U.S. economy and the monetary policy that nurtures and sustains it beyond Friday’s strong jobs report are the same as before the report, a long slog of many more such reports before the recovery approaches, re-employment becomes new employment and rates edge up to normal. The phase […]
Fed’s Bostic Optimistic About Economy But Thinks It’s Too Soon To Consider Tightening
By Steven K. Beckner MaceNews) – Atlanta Federal Reserve Bank President Raphael Bostic spoke optimistically about the economic outlook Tuesday, but made clear improving prospects have not yet made him more inclined to firm monetary policy. Bostic, a voting member of the Fed’s policy making Federal Open Market Committee, downplayed the risks of “overheating” or […]
Monday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Monday’s schedule for the White House, Treasury, the Capitol and for upcoming economic data and Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORMONDAY, MARCH 22, 2021In the morning, the President and the Vice President will receive the President’s Daily Brief in the Oval Office. This […]
US Data Preview: Stimulus Ebullience Vs. Virus Resurgence Fear
WASHINGTON (MaceNews) – Is anyone watching economic data in the week ahead, when there are least 12 Fedspeak appearances, a restless 10-year yield, the background threat of a wider Covid-19 surge? Sure, we all have to take durable goods orders (Wednesday) and new home sales (Tuesday) and personal income (Friday) into account, even if it’s […]
Analysis: Fed Gets Ready for Cash Influx By Expanding Overnight Repo Facility Limits
By Steven K. Beckner (MaceNews) – A less noticed, but still potentially important, outcome of the March 16-17 Federal Open Market Committee meeting was an operational change in the Fed’s Overnight Reverse Repurchase Agreement Facility (ON RRP). Though largely dormant for the moment, the change could have a significant impact down the road as Fed […]
FOMC Keeps Monetary Policy Loose; Powell Signals It will Remain So
By Steven K. Beckner (MaceNews) – Federal Reserve policy-makers voted Wednesday to maintain their super loose credit policies, and Chair Jerome Powell gave no hint the Fed will move to tighten its monetary stance any time soon. While joining his colleagues in expressing encouragement with the economy’s improved performance and optimism about the outlook, Powell […]