Highlights of Fed’s Brainard Q&A: Emphasizes Fed’s Anti-Inflation Efforts
WASHINGTON (MaceNews) – The following are highlights of Thursday’s testimony of Federal Reserve Gov. Lael Brainard as noted by Mace News’ Steven K. Beckner: Fed Governor Lael Brainard was quite assertive about fighting inflation in testimony before a Senate Banking Committee hearing on her confirmation to succeed Richard Clarida as Fed Vice Chairman. First, she […]
Thursday January 13 Washington Schedules from Mace News
THE WHITE HOUSE DAILY GUIDANCE AND PRESS SCHEDULE FORTHURSDAY, JANUARY 13, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. Then, the President will deliver an update on his Administration’s whole-of-government COVID-19 surge response. The Secretary of Defense and FEMA Administrator Deanne Criswell will also attend. These […]
FED BEIGE BK SEES MODEST EXPANSION, HIGHER PRICES, SOME COOLING OF EXPECTATIONS, SOME SUPPLY CHAIN STABILIZATION
WASHINGTON (MaceNews) – The latest Beige Book survey of economic conditions coast-to-coast saw a “modest” pace of expansion as 2021 ended, with some cooling of the generally optimistic expectations for the new year and some scattered improvement in transportation bottlenecks, the Federal Reserve reported Wednesday. The survey, assembled by the Kansas City Fed through January […]
Berlusconi’s Potential Run For Italy’s Presidency Triggers Political Chaos – Sources
By Silvia Marchetti ROME (MaceNews) – The potential candidacy of former Prime Minister Silvio Berlusconi to the top office of Italy’s presidency is raising political chaos at a critical time when parties should seek a compromise on a high level, impartial figure to elect, according to political sources. After having faced 36 trials the scandal-ridden […]
Wednesday January 12th Washington Schedules from Mace News
THE WHITE HOUSE DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, JANUARY 12, 2022 In the morning, the President will receive the President’s Daily Brief in the Oval Office. This meeting will be closed press. In the afternoon, the President and the First Lady will attend the funeral of General Raymond Odierno and the President will deliver remarks. […]
Fed’s Powell Reassures on Balance Sheet Runoff, Rate Hikes, Ultimate Control of Inflation – With Reservations
–Labor Supply Can Become an Issue Going Forward for Inflation–Whether There are Three Rate Hikes This Year Depends on Data By Denny Gulino WASHINGTON (MaceNews) – Without getting too specific, Federal Reserve Chair Jay Powell Tuesday pledged to quickly leave behind the era of emergency measures, fighting inflation while aware its current causes are largely […]
KC Fed’s George Prefers Shrinking Balance Sheet ‘Earlier Rather Than Later’
– ‘Time Has Come’ To Transition to More ‘Normal’ Monetary Stance – Urges FOMC Should ‘Take First Step’ to Tighten Monetary Policy – FOMC Could Raise Rates First, but Must Start to Shrink Balance Sheet By Steven K. Beckner (MaceNews) – Kansas City Federal Reserve Bank President Esther George asserted the need Tuesday for a […]
Tuesday January 11 Washington Schedules from Mace News
THE WHITE HOUSE DAILY GUIDANCE AND PRESS SCHEDULE FORTUESDAY, JANUARY 11, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. Then, the President will travel to Atlanta, Georgia. The departure from the South Lawn will be open press and pooled for TV. The departure from Joint Base […]
<strong>Powell Vows to Keep ‘Elevated’ Inflation From Getting ‘Entrenched;’ Doesn’t Say How</strong>
By Steven K. Beckner (MaceNews) – Federal Reserve Chair Jerome Powell pledges the Fed will act to prevent already “elevated” inflation from becoming further “entrenched” in congressional testimony prepared for delivery Tuesday morning. However, the Fed chief does not elaborate on how precisely he and his fellow policymakers will proceed to combat wage-price pressures in […]
Italy Pushes Digital Euro, Aims to Strengthen Single Currency in Post-Covid World- Sources
By Silvia Marchetti ROME (MaceNews) – Italy is pushing for a “speedy” creation of a digital euro in a bid to strengthen the single currency, and it has now become a top post-Covid priority for the financial system, according to ruling coalition sources. “The pandemic has accelerated the process: there’s been a significant boost in […]