FED’S BOSTIC: TOO SOON TO KNOW CORONAVIRUS IMPACT
By Adina Solomon ATLANTA (MaceNews) – It’s too soon to assess the economic fallout from the novel coronavirus — and its longer-term impact, Atlanta Federal Reserve Bank President Raphael Bostic said Wednesday. “The difficulty for the coronavirus situation is that I don’t feel like I really know the whole story yet. Every day we learn […]
FUND MANAGER SURVEY: CHINA JITTERS HIT GLOBAL INVESTOR SENTIMENT IN FEBRUARY
By Vicki Schmelzer NEW YORK (MaceNews) – China GDP concerns and declining world growth expectations derailed global investor sentiment in February, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. A net of only 18% of investors polled looked for global growth to improve in the next 12 months in […]
NY FED’S WILLIAMS: GLOBAL FACTORS AGAIN MAY POSE RISK TO US ECONOMIC OUTLOOK
By Tony Mace NEW YORK (MaceNews) – The Federal Reserve cut rates last year to offset the disinflationary impact of global headwinds, and now policy-makers are again watching for a possible slowdown abroad, in particular the impact of the novel coronavirus on China, New York Fed President John Williams said Thursday. Williams, answering audience questions […]
WHITE HOUSE WATCH: SOME SURPRISES ARE MORE SURPRISING THAN OTHERS
–Barr Bombshell: ‘It’s time to stop the tweeting’ By Denny Gulino THE WHITE HOUSE (MaceNews) – Just as all the chroniclers keeping up with Executive Mansion revelations, tweets and rumors were perfecting still another in a very long string of “White House in Chaos” stories something unprecedented comes along that makes collective jaws drop – […]
EXCERPTS OF FED NOMINEE SHELTON CONFIRMATION HEARING
WASHINGTON (MaceNews) – The following are excerpts of a Mace News transcript of Federal Reserve nominee Judy Shelton’s exchanges Thursday with members of the Senate Banking Committee, with questions paraphrased: Q – Some have tried to characterize your support for the gold standard as outside the mainstream thought and disqualifying for this position. What exactly […]
FED’S POWELL UNDER ATTACK AGAIN BUT NOT ON CAP HILL
By Denny Gulino WASHINGTON (MaceNews) – It was hard to find anything market moving in the day’s semiannual appearance on Capitol Hill of Federal Reserve Chair Jay Powell where House members had few questions about monetary policy– unless you’re Donald Trump. “When Jerome Powell started his testimony today, the Dow was up 125, & heading […]
ECB’S LAGARDE STRESSES IMPROVED EU EMPLOYMENT, AVOIDS COMMENT ON RISKS
By Laurie Laird STRASBOURG (MaceNews) – European Central Bank President Christine Lagarde heralded the strengthening euro zone labor market in remarks to the European Parliament on Tuesday, declining to address slowing European growth and a dramatic downturn in the German factory sector. Unlike Federal Reserve Chair Jerome Powell, who has discussed the economic risks of […]
FED’S HARKER: ECONOMY IN GOOD SHAPE, POLICY ON HOLD
By Jon Hurdle NEWARK, Del. (MaceNews) – Philadelphia Federal Reserve President Patrick Harker predicted Monday that inflation will rise to the Fed’s 2% target but that interest rates should stay on hold for now until more economic data are collected. In a speech to business leaders at the University of Delaware, Harker – a current […]
WHITE HOUSE WATCH: SAME OLD GUNS VS BUTTER, CUTS VS SAVINGS
By Denny Gulino THE WHITE HOUSE (MaceNews) – The thousands of hours of work by hundreds of people that add up to the pile of White House budget proposals released Monday – if anyone actually printed them out – should count for something and so reporters write about them, talk about them and note that […]
UPDATE: WHITE HOUSE WATCH: OF ‘IMPEACHMENT REVENGE’ AND A CONTEMPLATIVE MIDDLE
By Denny Gulino THE WHITE HOUSE (MaceNews) – Look closely at the tree limbs and there are already forming the buds that will soon herald spring in Washington and almost everywhere there is a whiff of new beginnings – arguably with one notable exception, the White House. In fact, if there is a dominant media […]