Bundesbank: Crypto Tokens Should be Independent of Central and Commercial Banks
By Marco Babic ZURICH (MaceNews) – The systems designed around crypto tokens, such as Bitcoin, should be independent of central banks and commercial banks because it is their actions that determine the value of the underlying means of payment, the Bundesbank said in its monthly report for September. Bitcoin was introduced in 2008 with the […]
ECB Forum: Policy Statements Limited to Lagarde’s Opening Address
LONDON (MaceNews) – Any statement or expansion of European Central Bank policy at the annual policy forum scheduled Tuesday is likely to come from President Christine Lagarde’s opening statement scheduled for 1400 CET on Tuesday, according to senior ECB officials. Lagarde will kick off the ECB’s annual policy forum, an event usually held in the […]
2022 FOMC Voters George, Mester Agree Time To Start Tapering
Mester Sees Liftoff ‘By End Of Next Year’; Worse Inflation May Mean More George Wants to Raise Rates ‘Sooner Rather Than Later’ George Cites Financial Stability Risks As Key FOMC Concern By Steven K. Beckner (MaceNews) – Kansas City Federal Reserve Bank President Esther George and Cleveland Fed President Loretta Mester agreed Friday the time […]
MaceNewsViews – Commentary: Nihilism’s Dream – The US Defaults
By Denny Gulino WASHINGTON (MaceNews) – Those knowing think pieces and Op-Eds by veteran graybeards, scoffing at the super-hyped headlines about the dangers of a pending debt-limit impasse, should be reassuring. They’ve seen it all before, the six dozen or more times Congress allows the nation’s Treasury to start borrowing again, often at the last […]
FOMC: Tapering ‘May Soon Be Warranted’ If Progress Continues
Half of FOMC Participants Now See Funds Rate Hike By End 2022 Powell Says FOMC Could Announce Bond Buying Cuts At Nov. 2-3 Meeting Powell Says Inflation Test More Than Met; Employment Goal ‘All But Met’ By Steven K. Beckner (MaceNews) – The Federal Reserve took another incremental but very significant step toward making monetary […]
FOMC Policy Statement: Tapering ‘May Soon be Warranted’
WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday put off any declarations on when it might begin the tapering process other than saying “it may soon be warranted.” Inflation? It’s still largely transitory.. The text of the statement follows: The Federal Reserve is committed to using its full range of tools to support the […]
BOJ Keeps Easing Stance, Sees Resilient Japan Economic Pickup Amid Pandemic
By Max Sato (MaceNews) – The Bank of Japan said Wednesday it is maintaining its stimulative policy, as expected, to support a gradual recovery from the pandemic-caused slump and continue its eight-year-old campaign to guide low inflation toward stable 2%. The central bank largely left its view on Japan’s resilient economic pickup amid the pandemic […]
Biden’s Fork in the Road on the Fed
WASHINGTON (MaceNews) – Federal Reserve Chairman,Jerome Powell’s term expires at the end of January 2022. Market watchers have been reading the tea leaves for signs of which direction the Biden Administration will take. The White House has four upcoming openings on the Fed. This gives President Biden the chance to make his mark on the […]
Eurozone Consumer Inflation Rose 3.0 Percent in August, Confirming Flash Estimate
ZURICH (MaceNews) – Inflation in the Eurozone rose to 3.0 percent in August, led by double-digitgrowth in energy costs, according to the latest report from Eurostat. Today’s result confirmed the flash estimate released previously and is faster than the 2.2 percentannual rate registered in July. Inflation has risen consistently over the past twelve months; a […]
Tuesday September 14 Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Tuesday’s schedules for the White House, Treasury, the State Department, USTR, the Capitol and for upcoming Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORTUESDAY, SEPTEMBER 14, 2021 In the morning, the President will travel to Denver, Colorado. The departure from Long Beach Airport will be open […]