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 […]
UPDATE: WHITE HOUSE WATCH: RESIDUAL MARKET HAPPINESS AS EVERYONE WONDERS WHAT’S NEXT
October 15th, 2019 By Denny Gulino THE WHITE HOUSE (MaceNews) – “Never a dull moment” doesn’t quite capture the atmosphere these days at the White House, where the show never stops, geopolitical events are triggered in far off places and the impeachment saga keeps deepening. So this particular Tuesday evening, as the sun goes down, cameramen […]
WHITE HOUSE WATCH: JARRING CONTRAST-CHINA TALKS AND A PRESIDENT WHO GRIEVES FOR THE FALLEN
By Denny Gulino THE WHITE HOUSE (MaceNews) – Somebody knows something, right? Because why would stocks go up on optimism about the China talks that start Thursday, a day after they went down on pessimism about the talks? Maybe the eight drivers sitting on a bench waiting for the next trip overheard something as they […]
WHITE HOUSE WATCH: BAD VIBES SURROUND RUNUP TO CHINA TRADE TALKS
By Denny Gulino THE WHITE HOUSE (MaceNews) – The BLS Limo Group black vans are back at the Willard Hotel, this time carrying bureaucrats from China and as they mill about at 14th & F streets, a block from the Treasury and two blocks from the White House, they seem relaxed. They are a low-security […]
UPDATED WHITE HOUSE WATCH: ANOTHER DAY, ANOTHER SURPRISE POLICY SHIFT
By Denny Gulino THE WHITE HOUSE (MaceNews) – It was a sort of typical Monday in the Executive Mansion, a few tweets, a surprise pullout of U.S. troops from Syria, an impromptu news conference after the signing of a $55 billion trade deal and an accompanying “digital” commerce agreement with Japan and on many levels, […]
WHITE HOUSE WATCH: OCTOBER BECOMES MORE CROWDED WITH TARIFFS
By Denny Gulino THE WHITE HOUSE (MaceNews) – One of the many targets of the president other than the “stone-cold crooked” Bidens – who he Thursday called on China to investigate, apparently in case Ukraine isn’t up to the job – is doing the White House a favor. First, though, as he left for a […]
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 […]
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 […]
TREASURY WATCH: WAR FEARS FADE, SAUDIS SPEED OIL COMBEBACK; FED’S 2ND REPO BOOST
By Denny Gulino THE TREASURY DEPARTMENT (MaceNews) – As probabilities of a rate cut Wednesday kept falling and the Saudis get more optimistic about maintaining oil shipments, the Tuesday news was highlighted by the Federal Reserve’s resurrection of its money market support, now set to be implemented for a second day. The Fed’s daily report […]
UPDATE: WHITE HOUSE WATCH: TRUMP ANNOUNCES GOODWILL GESTURE TO CHINA
By Denny Gulino THE WHITE HOUSE (MaceNews) – President Trump waited until Wednesday evening to unveil an unexpected goodwill gesture to China, a reverse retaliation for a similar signal from Beijing. “We have agreed, as a gesture of good will, to move the increased Tariffs on 250 Billion Dollars worth of goods (25% to 30%), […]