Transcript: Wht Hse Offl’s Brief Reports on Release from SPR
WASHINGTON (MaceNews) – The following is the White House transcript of the teleconference providing reporters with information about the announcement of a pending release of 50 million barrels of oil from the Strategic Petroleum Reserve, in coordination with some other countries: Background Press Call by Senior Administration Officials on Oil and Gas Prices Via Teleconference […]
Text of Joint Announcement by Regulators on Bank Handling of Crypto Assets
WASHINGTON (MaceNews) – The following is the text of the joint announcement of the Federal Reserve, FDIC and OCC on future regulatory work on bank handling of crypto assets: Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency November 23, 2021 Joint Statement on Crypto-Asset Policy Sprint […]
Text of Pres Biden’s Announcement of 50 Mln Bls Release from SPR
WASHINGTON (MaceNews) – The following is the text of the White House announcement Tuesday morning that the president is authorizing the release of 50 million barrels of oil from the Strategic Petroleum Reserve in coordination with China, India, Japan, South Korea and the UK: President Biden Announces Release from the Strategic Petroleum Reserve As Part […]
Text of President Biden’s Announcement of Intent to Nominate Powell to Again be Fed Chair, and Brainard as Vice Chair
WASHIINGTON (MaceNews) – The following is the text of Monday morning’s announcement by President Biden that he intends to nominate Jay Powell for another term as Federal Reserve chair, with Lael Brainard vice chair. Both intended nominees will appear with the president at 1:20 p.m. ET for remarks: Today, President Biden announced his intent to […]
Fed’s Waller Favors ‘Faster’ Pace of ‘Tapering,’ Earlier ‘Liftoff’ Given Inflation
— If Speed Tapering in January; Could Raise Funds rate in Second Quarter By Steven K. Beckner (MaceNews) – Federal Reserve Governor Christopher Waller said Friday he is leaning toward a “faster” pace of “tapering” Fed asset purchases, and he suggested he would also favor a relatively early “liftoff” of the federal funds rate from […]
MaceNewsViews – Commentary: President Biden-President Xi Talked For Nearly Four Hours – Exactly What Happened?
By Eric Ham WASHINGTON (MaceNews) – The long-awaited meeting between leaders of the two largest economies talked for nearly four hours Monday night and some of the exchanges were “incredibly direct.” There were several readouts afterwards by the U.S. side, a brief appearance Tuesday at the Brookings Institution think tank by National Security Adviser Jake […]
San Fran Fed’s Daly Calls For ‘Patience’ Regarding Monetary Tightening
–Wants More ‘Clarity” Before Adjusting Taper Pace, Funds Rate –Moved Liftoff Date From 2024 to 2023; Not Sure About 2022 Given Delta –Data Too ‘Cloudy’; Tightening Policy Further Could Be ‘Costly,’’Mistake’ By Steven K. Beckner (MaceNews) – San Francisco Federal Reserve Bank President Mary Daly called Tuesday for “patience” and urged the Fed to await […]
Italy Aims to Repeat Success of April’s USD 30-Year Bond Sale with Reopening Likely in Next Few Days – Sources
By Silvia Marchetti ROME (MaceNews) – Italy will be reopening a 30-year maturity USD-denominated bond by issuing additional amounts, potentially as soon as the end of this week, according to ruling government coalition sources. The goal is to replicate the success of the previous placement of a SEC-registered global bond denominated in US dollars with […]
White House Transcript of Biden-Xi Backgrounder Briefing
WASHINGTON (MaceNews) – The following is the White House transcript of the late Tuesday background teleconference in which reporters were briefed on the three-hour virtual meeting of Pres Biden and China’s President Xi: Background Press Call by Senior Administration Officials on President Biden’s Virtual Meeting with President Xi of the People’s Republic of China Via […]
Facing Debt Buildup, Italy Pressing for More Lenient EU Fiscal Rules Post-Covid – Sources
By Silvia Marchetti ROME (MaceNews) – Italy is pressing its European Union partners to define new, more relaxed fiscal rules for the post-Covid era and warns of financial instability ahead unless the EU acts quickly, according to ruling Italian coalition sources. The debate at EU level on the need to reform the Stability and Growth […]