Category: Rates

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 […]

Fed’s Quarles: Inflation Rise ‘Sufficient’ To Start Thinking About Tapering ‘Soon’

– But Says Fed Can Afford To Be ‘Patient’ About Firming Monetary Policy By Steven K. Beckner (MaceNews) – The Federal Reserve is getting closer to a time when it will need to consider scaling back its asset purchases, now that it has gotten “sufficient” evidence of rising inflation, Fed Vice Chairman for Supervision Randal Quarles said Wednesday. Quarles also suggested the […]

KC Fed’s George Voices Inflation Concern; Urges FOMC to Be ‘Flexible, Nimble’

By Steven K. Beckner (MaceNews) – In a sign that misgivings may be spreading among Federal Reserve officials about the consequences of the Fed’s ultra-easy monetary policy, Kansas City Federal Reserve Bank President Esther George voiced concern about potentially “persistent” inflation pressures and said the Fed must be prepared to be more “flexible” and “nimble” […]