EX-FED’S FERGUSON: NOT CLEAR A QUARTER-POINT RATE CUT WOULD HAVE MUCH EFFECT
–Excerpts Of Gaggle with Reporters Prior to NABE Speech WASHINGTON (MaceNews) – The following are excerpts from a Mace News rush transcript of the answers to reporters’ questions from TIAA chief and ex-Federal Reserve Vice Chairman Roger Ferguson Monday at the NABE Economic Policy Conference: “What’s my advice to the Fed? My advice to the […]
FED’S CLARIDA/CNBC: STILL TOO EARLY TO ASSESS CORONA VIRUS EFFECT
–Housing ‘Strong,’ Trade Uncertainty Less WASHINGTON (MaceNews) – The following are excerpts from the Mace News rough transcript of the CNBC interview Thursday with Federal Reserve Vice Chair Richard Clarida, archived in its entirety on cnbc.com: “Claims are an important indicator of the state of the labor market and it reaffirms what what I just […]
RICHMOND FED’S BARKIN: FED SHOULDN’T BE TOO QUICK TO RESPOND TO CORONAVIRUS
By Steven K. Beckner DURHAM, N.C. (MaceNews) – Richmond Federal Reserve Bank President Tom Barkin was reluctant Wednesday evening to conclude that the coronavirus will have a dire impact on the U.S. economy, but suggested the Fed should not be too hasty to ease credit even if the disease does turn out to have a bigger […]
FOMC MINUTES EXCERPT: RISKS ‘SOMEWHAT MORE FAVORABLE’
WASHINGTON (MaceNews) – The Federal Open Market Committee minutes of its January 28-29 meeting Wednesday added little if anything to the policy statement, the chairman’s news conference and conventional wisdom, finding efforts to replenish reserve balances adequate and the balance of risks somewhat more favorable. The following excerpt, of the views of Fed Board and […]
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 […]