TOP ECB OFFICIAL DOWNPLAYS SYMMETRICAL INFLATION TARGET, RATE CUTS
—Governing Council’s Mersch Expresses Lukewarm Support for Lagarde By Laurie Laird LONDON (MaceNews) — A top European Central banker Monday expressed opposition to a symmetrical inflation target and raised questions over the efficacy of further rate cuts, while withholding full support for the central bank’s leader. “Symmetry does not mean that we would engage in […]
STATUS CHECK COMMENTARY- DIVERSITY OF OPINION OR MUTUAL HATRED?
WASHINGTON (MaceNews) – The following is Friday’s status check of developments in the U.S. that can influence economic, health and political outcomes. Quote of the week: “You know what’s really uncomfortable and annoying? When you die.” That’s New Jersey Gov. Phil Murphy, of course. The quote has been played through the day cablewise so it’s […]
NY FED’S WILLIAMS DOWNPLAYS MARKET TALK OF INFLATION RESURGENCE
By Laurie Laird LONDON (MaceNews) – A key U.S. rate setter Friday poured cold water on recent market chatter of an uptick in inflation, predicting a slowdown of the economic recovery which is likely to keep a lid on price pressures. Growth “in the fourth quarter and maybe into next year will slow somewhat,” said John […]
STATUS CHECK COMMENTARY- ELVIS IS LEAVING THE BUILDING – NOW WHAT?
WASHINGTON (MaceNews) – The following is Thursday’s status check of developments in the U.S. that can influence economic, health and political outcomes. A day like other days since the election, a president retweeting millions of Trump votes were “deleted” and Twitter tagging that and others as “disputed.” The retweet was from a posting by the […]
ECB, BOE SEE NO SILVER BULLET IN COVID VACCINE
–Both CenBanks Expected to Adjust Policy in December –Fed’s Powell Sees More Tech-Oriented, Less Job-Oriented Recovery By Laurie Laird LONDON (MaceNews) – Europe’s top central bankers welcomed the positive news on a Covid vaccine unveiled earlier this week, but warned that the region faces more economic pain before an inoculation becomes widely available. European Central […]
BOE GOVERNOR DOWNPLAYS FEARS OF UK ECONOMIC SCARRING
— Declines to provide timeframe for consideration of negative interest rates By Laurie Laird LONDON (MaceNews) – The U.K. may escape significant economic scarring as a result of the Covid epidemic, particularly if an effective vaccine becomes widely available in 2020, according to the country’s top central banker. The Bank of England’s fears of permanent […]
STATUS CHECK COMMENTARY- OF TRADITION AND LEGACY
WASHINGTON (MaceNews) – The following is Wednesday’s status check of developments in the U.S. that can influence economic, health and political outcomes. Veterans Day saw the opening of the National Museum of the United States Army, a beautiful huge structure situated in the immense Fort Belvoir, one of the U.S. military’s most high tech installations […]
ECB’S KNOT: COVID VACCINE DOES NOT DISPEL ECONOMIC UNCERTAINTY
— Stresses Fiscal Policy Must Undertake Havy Lifting Vs Q4 Downturn By Laurie Laird LONDON (MaceNews) – The rapid development of a Covid vaccine is unlikely to provide a quick fillip to the battered European economy, according to a top European Central Bank official. While welcoming the announcement of positive medical trial results released on […]
STATUS CHECK COMMENTARY- ONWARD TO THE BIDEN EITHER-OR PRESIDENCY
WASHINGTON (MaceNews) – The following is Monday’s status check of developments in the U.S. that can influence economic, health and political outcomes. First, everything is in the new context of Donald Trump not being Joe Biden’s problem any more. The angst of disappointment and the very emotional rejection of reality is not unexpected, surprising or […]
CLEVELAND FED’S MESTER: ECONOMY TO NEED CONTINUED MONETARY, FISCAL SUPPORT
–Fed Needs To Think About How Low Rates Affect Financial Risks By Steven K. Beckner (MaceNews) – Although the U.S. economy has been recovering “faster than anticipated,” the Federal Reserve still needs the assistance of fiscal policy in returning to full employment and a more acceptable inflation pace, Cleveland Federal Reserve Bank President Loretta Mester […]