ST. L FED BULLARD: SLOWING ECON, LOW INFL JUSTIFIED MORE EASE
By Steven K. Beckner EFFINGHAM, ILL. (MaceNews) – St. Louis Federal Reserve Bank President James Bullard. warning an already slowing economy could continue to slow more than expected, strongly suggested Monday that more credit easing is needed, but said it is possible the Fed will be able to “take back” some or all of its […]
WHITE HOUSE WATCH ANALYSIS: ‘PLENTY OF TIME’ RE IRAN; WHAT ABOUT CHINA?
By Denny Gulino THE WHITE HOUSE (MaceNews) – A snapshot in time: It’s Friday afternoon and once again, market equanimity evaporates as happens so often these days. Not a tweet this time, but a bank shot from the Montana Farm Bureau Federation. A side trip by the China delegation of lower level officials has been […]
NY FED SPELLS OUT ONGOING MONEY MARKET SUPPORT
NEW YORK (MaceNews) – The following is Friday’s New York Federal Reserve Bank notice that it will pump $75 billion a day into the money market for the next three weeks and in addition will offer three two-week repo operations of at least $30 billion each after which it will conduct “operations as necessary” to […]
FRIDAY WHITE HOUSE SCHEDULE
WASHINGTON (MaceNews) – The following is Friday’s public schedule for the White House: 7:30 AM In-House Pool Call Time 9:00 AM The President and the First Lady participate in the arrival ceremony of the Prime Minister of Australia and Mrs. Morrison – South Lawn – pre-credentialed media 9:30 AM The President and the First Lady […]
WHITE HOUSE WATCH: FLYING BLIND ON RATES AND MUCH ELSE
By Denny Gulino THE WHITE HOUSE (MaceNews)– President Trump Thursday said despite his personal attacks, from “boneheads” to Wednesday’s “terrible communicator,” he is not going to try to remove Jerome Powell from the helm of the Federal Reserve. By mid afternoon Trump had tweeted no additional attacks on Powell or other Fed leadership and had […]
THURSDAY WHITE HOUSE SCHEDULE
WASHINGTON (MaceNews} – The following is Thursday’s public schedule of the White House: DAILY GUIDANCE AND PRESS SCHEDULE FOR THURSDAY, SEPTEMBER 19, 2019 In-Town Pool Wires: AP, Reuters, Bloomberg Wire Photos: AP, Reuters, AFP, NYT TV Corr & Crew: FOX Print: The Wall Street Journal Radio: CBS EDT 9:00AM In-House Pool Call Time THE PRESIDENT […]
FEDWATCH: CHAIR POWELL SEES “MEETING BY MEETING’ POLICY READY FOR ANYTHING
By Denny Gulino WASHINGTON (MaceNews) – Facing a renewed presidential onslaught and a Federal Open Market Committee split over rate cut policy, Federal Reserve Chair Jerome Powell Wednesday said that the day’s quarter-point cut is part of a “meeting by meeting” policy that is hard to anticipate. “We made one decision today,” he said at […]
FOMC STATEMENT: BUSINESS INVESTMENT, EXPORTS ‘WEAKENED’
WASHINGTON (MaceNews) – The following is the text of Wednesday’s policy statement of the Federal Open Market Committee: Information received since the Federal Open Market Committee met in July indicates that the labor market remains strong and that economic activity has been rising at a moderate rate. Job gains have been solid, on average, in […]
WEDNESDAY WHITE HOUSE SCHEDULE
WASHINGTON (MaceNews) – The following is Wednesday’s public schedule for the White House: DAILY GUIDANCE AND PRESS SCHEDULE FOR WEDNESDAY, SEPTEMBER 18, 2019 PDT / EDT 8:00AM Out-of-Town Pool Call Time 9:30PM […]
TREASURY WATCH: WAR FEARS FADE, SAUDIS SPEED OIL COMBEBACK; FED’S 2ND REPO BOOST
By Denny Gulino THE TREASURY DEPARTMENT (MaceNews) – As probabilities of a rate cut Wednesday kept falling and the Saudis get more optimistic about maintaining oil shipments, the Tuesday news was highlighted by the Federal Reserve’s resurrection of its money market support, now set to be implemented for a second day. The Fed’s daily report […]