FED’S WILLIAMS: OPEN MKT OPERATIONS HAVE STABILIZED MONEY MARKET, MAY ADJUST AS NEEDED
NEW YORK (MaceNews) – The Federal Reserve’s renewed program of open market operations has stabilized money markets and is keeping the federal funds rate at its target level, and the Fed may adjust its program as needed over time, New York Fed President John Williams said Thursday. Williams, in remarks prepared for delivery to a […]
FED’S EVANS: POLICY REVIEW INCLUDES MAXIMUM RATE OF EMPLOYMENT
By Suzanne Cosgrove CHICAGO (MaceNews) – Chicago Fed President Charles Evans Thursday said the Fed is continuing to review measures of its dual goals of price stability and maximum employment as part of an examination of its policy framework begun late last year. “One of the key questions facing us today is whether the economy […]
WHITE HOUSE WATCH: THE PRESIDENT GETS MORE ANGRY AS THE DAY GOES ON
–Trump: Situation at Syria’s Border is, for U.S., ‘Strategically Brilliant’ By Denny Gulino THE WHITE HOUSE (MaceNews) -Anger boiled over at the White House Wednesday, with an impatient and frustrated President Trump lashing out at several sets of adversaries, at one point seeing the speaker of the House and the Senate Majority Leader storm out […]
FED’S BEIGE BK SEES ‘SLIGHT TO MODEST’ EXPANSION
—Many Business Contacts ‘Lowered Their Outlooks for Growth’ WASHINGTON (MaceNews) – The Beige Book survey of economic conditions Wednesday was heavy on the use of “slightly,” “slowing, “subdued” and “stable,” reflecting the kind of growth depletion depicted in the unexpected decline in the morning’s report on retail sales. The survey, to be reviewed at the […]
FED’S EVANS: REPEATS, KEEPING OPEN MIND ON POLICY
By Suzanne Cosgrove CHICAGO (MaceNews) – Chicago Federal Reserve Bank President Charles Evans Wednesday repeated the economy is “in a good place” after recent rate cuts, but he is “keeping an open mind” headed into the Federal Open Market Committee meeting later this month. In remarks prepared for delivery to the Greater Peoria Economic Development […]
UPDATE: WHITE HOUSE WATCH: RESIDUAL MARKET HAPPINESS AS EVERYONE WONDERS WHAT’S NEXT
October 15th, 2019 By Denny Gulino THE WHITE HOUSE (MaceNews) – “Never a dull moment” doesn’t quite capture the atmosphere these days at the White House, where the show never stops, geopolitical events are triggered in far off places and the impeachment saga keeps deepening. So this particular Tuesday evening, as the sun goes down, cameramen […]
FED’S GEORGE: MOVING AHEAD WITH FEDNOW PAYMENTS SYSTEM
By Suzanne Cosgrove CHICAGO (MaceNews) – The Federal Reserve is moving quickly to design and implement its real-time payment system, known as FedNow, Kansas City Federal Reserve Bank President Esther George said Tuesday. “Work is under way now to engage with industry participants on the initial design and features of the service,” George said. George’s […]
FED OFFICIALS IN MORE CAUTIOUS, PATIENT MOOD AS FOMC MEETING NEARS
By Steven K. Beckner (MaceNews) – Those hoping for further aggressive credit easing by the Federal Reserve or for an indefinite continuation of interest rate cuts are likely to be disappointed, barring a weaker than expected U.S. economic performance or some event that significantly darkens the economic outlook beyond what Fed officials now envision. The […]
WORLD ECONOMIC OUTLOOK: GLOBAL GROWTH CUT TO +3.0%; US GROWTH +2.4%
–Canada Growth Forecast Stable at +1.5%/’19; UK +1.2% –China Growth Cut a Tenth to 6.1% WASHINGTON (MaceNews) – Despite central bank accommodation in Europe and the United States, the International Monetary Fund’s latest World Economic Outlook released Tuesday cut projected global growth by another two tenths to 3.0% for this year. The Euro area’s growth […]
FED’S BULLARD: HOPES CAN TAKE BACK RATE CUT INSURANCE IN 2020
By Laurie Laird LONDON (MaceNews) – Recent U.S. rate cuts have exerted an oversized dose of stimulus, potentially paving the way for moderate monetary tightening as early as next year, according to a noted Federal Reserve dove. “I am hopeful that the Fed has taken out enough insurance,” St. Louis Federal Reserve President James Bullard […]