FED’S EVANS Q&A: ONUS STAYS ON FISCAL POLICY TO SUPPORT RECOVERY
NEW YORK (MaceNews) – Chicago Fed President Charles Evans suggested Wednesday he is in no rush to reassess the Federal Reserve’s monetary policy and the burden remains on fiscal policy to support the recovery. Asked by reporters whether likely delay in federal fiscal support would prompt the Fed to consider new measures to bolster the […]
FED’S EVANS: FED SHOULD RESIST INCLINATION TO ‘BACK OFF THE OVERSHOOT’ TOO SOON
NEW YORK (MaceNews) – Monetary policymakers must be wary of tightening policy too much and too soon if they are to execute the Federal Reserve’s new average inflation targeting strategy, Chicago Fed President Charles Evans said Wednesday. Evans, in remarks for delivery to the Metals Service Center Institute, repeated that the Fed is now obliged […]
FOMC MINUTES: WORRIED ABOUT MORE VIRUS WITH NO STIMULUS
By Denny Gulino WASHINGTON (MaceNews) – The minutes of the mid September Federal Open Market Committee meeting Wednesday showed Fed Board members and regional bank presidents worried about more intense virus outbreaks and the chance of no near-term government stimulus – weeks before both concern seemed to be realized. The minutes added almost nothing in […]
WEDNESDAY WHITE HOUSE SCHEDULE
WASHINGTON (MaceNews) – The following is Wednesday’s public White House schedule: DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, OCTOBER 7, 2020 EDT 10:00AM In-House Pool Call Time THE PRESIDENT has no public events scheduled. ### — Content may appear first or exclusively on the Mace News premium service. For real-time email delivery, contact tony@macenews.com. Twitter […]
STATUS CHECK ANALYSIS – WHY? WHY NO PANDEMIC RELIEF?
WASHINGTON (MaceNews) – The following is Tuesday’s status check of developments in the U.S. that can influence economic, health and political outcomes. Another day, another tweet, another reversal that surprises everyone, especially the stock markets. No new pandemic relief until at least sometime after Election Day. So now money left over from the CARES Act […]
FED’S POWELL: TRYING TO PREVENT ECON DAMAGE GETTING WORSE
–Recovery ‘Incomplete;’ Permanent Unemployment Notably Worse By Denny Gulino WASHINGTON (MaceNews) – Federal Reserve Chair Jay Powell Tuesday said he is more concerned about preventing worse damage from the pandemic crisis than celebrating any rebound, in fact, saying the economy is slowing and unemployment is worse than indicated. Powell’s main message was that there is […]
TUESDAY WHITE HOUSE SCHEDULE
WASHINGTON (MaceNews) – The following is Tuesday’s public White House schedule: DAILY GUIDANCE AND PRESS SCHEDULE FORTUESDAY, OCTOBER 6, 2020 EDT 10:00AM In-House Pool Call Time THE PRESIDENT has no public events scheduled. ### — Content may […]
STATUS CHECK – A DAY OF SYMBOLISM MARRIED TO COVID REALITY
WASHINGTON (MaceNews) – The following is Monday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · A leader sacrificing himself for others, or sacrificing others for himself? That was the question dividing Americans on a Monday night 30 days before a presidential election. “I stood out front. I […]
BOE’S HASKEL PREPARED TO GREENLIGHT FURTHER UK STIMULUS
—Cites ‘Positive Evidence’ of Benefits of Sub-Zero Rates Outside UK By Laurie Laird LONDON (MaceNews) – A top UK rate-setter Monday expressed his willingness to approve a further loosening of monetary policy, noting the economic benefits of sub-zero interest rates in other jurisdictions. “I stand ready to vote for more stimulus measures should they be needed,” […]
MONDAY WHITE HOUSE: VACANT SCHEDULE AFTER BUSY SUNDAY
WASHINGTON (MaceNews) – The following is the latest advisory from the White House as relayed by the pool reporter Sunday night: Asked what protocols were used tonight to protect the safety of others in the hospital, the driver, security and additional people involved into tonight’s drive-by with the president, as well as whether the president’s […]