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 […]
JAN JOBS RPT BLASTS THRU EXPECTATIONS W/225K PAYROLLS & MORE
WASHINGTON (MaceNews) – Let us count the ways January’s jobs report topped expectations, beginning with the 225,000 payroll additions and a labor participation rate that was the highest since June 2013, a surge in construction employment and wages that rebounded to a less anemic 3.1% increase over the year. More broadly, rather than a one-month […]
FED’S KAPLAN: RISKS NO LONGER TILTED TO DOWNSIDE
By Jerry Kronenberg DALLAS, Texas (MaceNews) – Dallas Federal Reserve President Robert Kaplan said Thursday that the Fed no longer believes the U.S. economy’s downside risks outweigh its upside potential, but that he doesn’t favor raising interest rates yet. “I think the outlook has stabilized — if anything firmed,” Kaplan said in remarks to reporters […]
BOC’s Wilkins Dismisses Stagnation Worry, Talks Policy Agenda
TORONTO (MaceNews) – Canada will continue to struggle with weak productivity growth and an aging population. Its neutral interest rate, where borrowing costs don’t stimulate or restrain activity, has thus dropped in recent years. The country does not, however, face Japan-style lost decades. So said Carolyn Wilkins, senior deputy governor of the Bank of Canada, […]
WHITE HOUSE WATCH COMMENTARY: PRES TRUMP HOPES ‘BEST IS YET TO COME,’ NOT ALREADY PEAKED
–President Trump Acquitted of Both Articles of Impeachment By Denny Gulino THE WHITE HOUSE (MaceNews) – An ebullient White House, believing the State of the Union address was a home run and the Iowa caucus debacle a crippling blow to Democratic hopes, is nevertheless haunted by the threat of the kind of economic setbacks a […]
TRUMP CAMPAIGNS TO JOINT SESSION OF CONGRESS
WASHINGTON (MaceNews)- President Trump delivered a strong campaign-style address to a joint session of Congress Tuesday night, prompting steady applause from Republicans, interspersed with a few lines that drew Democratic applause as well. Criticized by some Democrats afterwards for what they said were some serial untruths, Trump recounted what he considers to be stellar achievements […]
EXCERPTS FROM PRES TRUMP’S STATE OF THE UNION ADDRESS
WASHINGTON (MaceNews) – The following are excerpts of the president’s State of the Union address released by the White House in advance of delivery at 9 p.m. ET: Excerpts from President Donald J. Trump’s State of the Union Address (as prepared for delivery)…Three years ago, we launched the Great American Comeback. Tonight, I stand before […]