White House and Other Schedules for Wednesday, Dec 13
WASHINGTON (MaceNews) – The following are Wednesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR WEDNESDAY, DECEMBER 13, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. Then, […]
White House and Other Schedules for Tuesday, Dec 12
WASHINGTON (MaceNews) – The following are Tuesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR TUESDAY, DECEMBER 12, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. Then, […]
Powell Counters Wall Street Speculation About Impending Rate Cuts
– Welcomes Disinflation but Repeats Need ‘Confidence’ Policy ‘Sufficiently Restrictive’ – ‘Premature’ To ‘Speculate on When Policy Might Ease’ – Reiterates FOMC To ‘Proceed Carefully” But Will Raise Rates Further If Needed By Steven K. Beckner (MaceNews) – Federal Reserve Chair Jerome Powell welcomed continued progress on inflation reduction Friday, but declined to reinforce recent […]
Fed’s Beige Book: Slower Activity, Easing Hiring, Price Increases Moderated
WASHINGTON (MaceNews) – Only four Federal Reserve districts reported growth in the latest Federal Reserve beige book survey of economic conditions coast to coast published Wednesday. The survey, assembled by the Atlanta Fed, found retail sales and manufacturing remained mixed while consumer credit “remained fairly healthy” while consumer credit “remained fairly healthy” with only a […]
FOMC Minutes Show FOMC Still Mired In Uncertainty While Cautiously Pausing
WASHINGTON (MaceNews) – The minutes of the latest Federal Open Market Committee Tuesday showed the policy setting body remained mired in uncertainty, preserving the option to hike again if data and other factors signal any setbacks in the campaign to pressure aggressive inflation into a sturdy path toward the 2% target. Unexpectedly strong data, on […]
White House and Other Schedules for Tuesday, Nov 21
WASHINGTON (MaceNews) – The following are Tuesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR TUESDAY, NOVEMBER 21, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting in the […]
Fed’s Powell: ‘Not Confident’ Fed Policy ‘Sufficiently Restrictive’ To Curb Inflation
– Will ‘Proceed Carefully,” But Ready To Raise Rates Further If Needed By Steven K. Beckner (MaceNews) – Federal Reserve Chair Jerome Powell continued Thursday to leave open the option for further monetary tightening, despite rampant Wall Street speculation that the Fed’s next move might be to ease credit. Powell said the Fed is not […]
FOMC Stays On Hold But Tilts Toward Another Funds Rate Hike
– Powell: Policy ‘Restrictive’ But Must Be Confident It’s ‘Sufficiently Restrictive’ – Powell: FOMC Not Considering Rate Cuts Or Halting Quantitative Tightening – Powell: ‘Proceed Carefully’ In Deciding How Much More Higher Rates May Go – Powell Declines To Say Bond Yield Spike Substitutes For Fed Rate Hikes By Steven K. Beckner (MaceNews) – The […]
TRANSCRIPT: Fed Chair Powell’s Post-FOMC Q&A
WASHINGTON (MaceNews) – The transcript of Federal Reserve Chair Jerome Powell’s post-FOMC news conference: .>> Good afternoon, everyone. Welcome. My colleagues and I remain squarely focused on our dual mandate to promote maximum employment and stableness for the American people.
FOMC Keeps Rates Unchanged And Preserve Possibility of Future Tightening; Financial Conditions Tighter
WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday fulfilled expectations for a stand-still policy statement, noting financial and credit conditions have tightened and job gains have moderated – “but remain strong.” The barer-bones statement, very similar to the language in the preceding statement, follows: Recent indicators suggest that economic activity expanded at a strong […]