San Fran Fed’s Daly: Time To Talk About Taper But May Not Come Til ‘22
‘Substantial Further Progress Within Our Sight’; Timing Uncertain May Reach Substantial Further Progress Sooner Than She Thought In Jan. Wants More Clarity on Economy’s Path; Looking Toward Fall Taper Announcement Could Come ‘Late This Year’ Or Early 2022 FOMC Will Be Talking About Mix of MBS vs. Treasury purchases By Steven K. Beckner (MaceNews) – […]
Bundesbank’s Weidmann: Sharp Price Rises in Germany ‘Temporary;’ No Signs of Excessive Medium-Term Price Pressures
ZURICH (MaceNews) – Bundesbank President Jens Weidmann that current price increases in Germany are of a temporary nature and that he doesn’t see signs of higher inflation rates solidifying. In an interview with the business daily Handelsblatt, Weidmann said that “from our viewpoint, the sharp price increases in Germany are temporary and there aren’t signs […]
BOJ Keeps Easing Stance; Extends Special COVID-19 Fund Ops Until March 2022
–BOJ To Start New Funding Scheme To Help Address Climate Change By Max Sato (MaceNews) – The Bank of Japan said Friday it is maintaining its policy stance, as expected, vowing to defend the economy from the lingering impact of the pandemic. The bank will also extend the term of its special COVID-19 fund-supplying operations […]
Fed’s Powell Signals Serious Discussion of Tapering To Begin At Coming FOMC Meetings
— Sharp Upward Revisions of Funds Rate Projections Reinforces Message By Steven K. Beckner (MaceNews) – Federal Reserve Chairman Jerome Powell gave the first indication he is ready to contemplate lessening monetary accommodation, even as he and his fellow policymakers left in place the most aggressively easy monetary stance in its history Wednesday. Though not […]
FOMC Maintains Asset Purchase Schedule, Says Little Else
WASHINGTON (MaceNews) – The following is the text of the FOMC policy statement Wednesday afternoon: The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. Progress on vaccinations has reduced the spread of COVID-19 in […]
Wednesday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Wednesday’s public schedules for President Biden, the Treasury, the State Department, the Capitol and for upcoming economic data and Federal Reserve events: The White House COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, JUNE 16, 2021 In the morning, the President will receive the President’s Daily Brief. This meeting […]
Tuesday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Tuesday’s public schedules for President Biden, the Treasury, the State Department, the Capitol and for upcoming economic data and Federal Reserve events: The White House COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULE FORTUESDAY, JUNE 15 – WEDNESDAY, JUNE 16, 2021 Tuesday, June 15, 2021 The President will meet with His […]
Monday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Monday’s public schedules for the White House, Treasury, the State Department, the Capitol and for upcoming economic data and Federal Reserve events: The White House COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULE FORMONDAY, JUNE 14 – WEDNESDAY, JUNE 16, 2021Monday, June 14, 2021 In the morning, the President will receive the […]
FOMC May Boost ON RRP, IOER While Leaving Monetary Policy Unchanged
By Steven K. Beckner (MaceNews) – Although monetary policy itself is highly unlikely to change next week, there’s a good chance the Federal Reserve’s policy making Federal Open Market Committee will decide to adjust the administered rates its uses to implement policy. To maintain control of the federal funds rate, the FOMC seems likely to […]
FOMC Seems Ready To Tip Toe Toward Tapering At Mid-June Meeting
–Powell Could Signal Consideration of Less Bond Buying Is Coming By Steven K. Beckner (MaceNews) – Movement away from the most aggressively expansionary monetary policy in the Federal Reserve’s history may seem glacial, but it is not imperceptible. It seems clear, as the mid-June Federal Open Market Committee meeting approaches, that a shift in sentiment […]