Fed’s Beige Bk Shows Restrained Economic Optimism as Vaccinations Increase
WASHINGTON (MaceNews) – The Federal Reserve’s Beige Book survey of economic conditions coast to coast Wednesday showed some increased optimism based on increased vaccinations and stimulus payments, even in the face of continued high unemployment coupled with some shortage of labor, supply chain disruptions and bad weather. The Beige Book compilation stuck to its favorite […]
Wednesday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Wednesday’s schedules for the White House, Treasury, the State Department, Capitol Hill and for upcoming economic data and Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, APRIL 14, 2021 In the morning, the President will receive the President’s Daily Brief in the Oval Office. This […]
Friday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Friday’s schedules for the White House, Treasury, the State Department, the Capitol and for upcoming economic data and Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORFRIDAY, APRIL 9, 2021 In the morning, the President and the Vice President will receive the President’s Daily Brief in […]
Fed’s Powell: Economic Recovery Uneven, Incomplete; Fed Must Keep Providing Support
By Steven K. Beckner (MaceNews) – Federal Reserve Chairman Jerome Powell hailed recent strong economic indicators Thursday, but said the recovery is uneven and incomplete and vowed continued monetary support “until the job is done.” Powell, addressing an International Monetary Fund Debate on the Global Economy, repeated that he and his fellow policy-makers on the […]
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 […]