FED’S WILLIAMS: STILL ASSESSING WHETHER MORE RATE CUTS NEEDED
NEW YORK (MaceNews) – New York Fed President John Williams Thursday declined to say he favored a rate cut at the next Federal Open Market Committee meeting, saying instead that policy-makers are still assessing the need for additional measures. Williams, speaking to reporters after a speech to an industry group, was asked whether he favored […]
FED’S EVANS: POLICY REVIEW INCLUDES MAXIMUM RATE OF EMPLOYMENT
By Suzanne Cosgrove CHICAGO (MaceNews) – Chicago Fed President Charles Evans Thursday said the Fed is continuing to review measures of its dual goals of price stability and maximum employment as part of an examination of its policy framework begun late last year. “One of the key questions facing us today is whether the economy […]
CHICAGO FED’S EVANS: ‘WOULDN’T MIND’ ANOTHER RATE CUT
By Suzanne Cosgrove CHICAGO (MaceNews) – Chicago Federal Reserve President Charles Evans told reporters Tuesday that he “wouldn’t mind” another 25 basis point interest rate cut at the next FOMC meeting, depending on what the data suggests ahead of the meeting. Speaking to reporters following a luncheon address to the Rotary Club at the Union […]
US JOBS RPT SHOWS WAGE GROWTH SLOWS EVEN AS UNEMP RATE IMPROVES
By Denny Gulino WASHINGTON (MaceNews) – The September jobs report Friday, with 136,000 payroll slots added, was modestly positive for hiring and the 50-year-low unemployment rate of 3.5% was everything a labor market economist could hope for, yet there was a shadow cast overall, a slowing of wage growth that suggested prosperity is ebbing. Manufacturing […]
FED’S EVANS SEES CURRENT RATES AT APPROPRIATE LEVELS, BUT LEAVES EASING DOOR OPEN
By Laurie Laird FRANKFURT (MaceNews) – U.S. interest rates currently reflect the “fundamental” resilience of the economy, according to an influential Federal Reserve policy maker, in line with the latest outlook provided by the central bank, suggesting a holding pattern for monetary policy. “The setting of the funds rate at the moment is appropriate for […]
CHICAGO FED’S CHARLES EVANS: CURRENT RATES ‘WELL-POSITIONED,’ BUT REMAINS OPEN TO DISCUSSION
By Suzanne Cosgrove Lake Forest, Illinois (MaceNews) – Chicago Federal Reserve President Charles Evans said Wednesday the Fed was “well-positioned from a risk-management standpoint,” following the September quarter-point interest rate cuts. However, Evans said he would continue to evaluate incoming data through the end of the year, and is open-minded to its discussion. He cited […]
ST. L FED BULLARD: SLOWING ECON, LOW INFL JUSTIFIED MORE EASE
By Steven K. Beckner EFFINGHAM, ILL. (MaceNews) – St. Louis Federal Reserve Bank President James Bullard. warning an already slowing economy could continue to slow more than expected, strongly suggested Monday that more credit easing is needed, but said it is possible the Fed will be able to “take back” some or all of its […]
WHITE HOUSE WATCH: FLYING BLIND ON RATES AND MUCH ELSE
By Denny Gulino THE WHITE HOUSE (MaceNews)– President Trump Thursday said despite his personal attacks, from “boneheads” to Wednesday’s “terrible communicator,” he is not going to try to remove Jerome Powell from the helm of the Federal Reserve. By mid afternoon Trump had tweeted no additional attacks on Powell or other Fed leadership and had […]
BOE’S CARNEY: CENTRAL BANKS HAVE TOOLS TO RESPOND TO SLOWDOWN, IF NEEDED
By Tony Mace NEW YORK (MaceNews) – Major central banks, including the Bank of England, have the tools and room to respond to a slowdown, if needed, BOE Governor Mark Carney said Tuesday. “The possibility of a slowdown has certainly gone up,” Carney said during an appearance at the Council on Foreign Relations. Asked whether […]
FED’S BEIGE BK SHOWS MIXED RESULTS BUT NO DANGER SIGNS
WASHINGTON (MaceNews) – “Concerns,” “mixed” and “modest” were the key words in the latest Beige Book survey of national economic trends Wednesday, and while the overall picture was muddled it wasn’t overly negative. “Although concerns regarding tariffs and trade policy uncertainty continued, the majority of businesses remained optimistic about the near-term outlook,” the survey summary […]