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March 6, 2021

Fed

Bostic says Fed will support U.S. economy as long as necessary

Reuters
FILE PHOTO: Federal Reserve Bank of Atlanta President Raphael Bostic participates in a panel discussion at the American Economic Association/Allied Social Science Association (ASSA) 2019 meeting in Atlanta, Georgia, U.S., January 4, 2019. REUTERS/Christopher Aluka Berry (Reuters) – The U.S. economy is still under “considerable distress” and the Federal Reserve......

Fed Chairman Powell says economic reopening could cause inflation to pick up temporarily

CNBC
CNBC – For more and to sign up click here Federal Reserve Chairman Jerome Powell said Thursday that he expects some inflationary pressures in the time ahead but they likely won’t be enough to spur the central bank to hike interest rates. “We expect that as the economy reopens and......

Fed’s Daly calls for ‘patience,’ says too-low inflation costly

Reuters
FILE PHOTO: San Francisco Federal Reserve Bank President Mary Daly poses at the bank’s headquarters in San Francisco, California, U.S., July 16, 2019. REUTERS/Ann Saphir (Reuters) – San Francisco Federal Reserve President Mary Daly on Tuesday pushed back against the fear that easy Fed policy could bring on unwanted inflation,......

Art Cashin expects more stock pain as traders worry about Fed losing control of bond market

CNBC
CNBC – For more and to sign up click here Longtime trader Art Cashin told CNBC on Friday that investors should brace themselves for a period of stock market volatility as Wall Street digests rising bond yields. “You have to be very careful. There is a fine line. If the......

How Is the Fed Thinking About Unemployment?

New York Times
As he guides the financial system through the coronavirus pandemic, Jerome Powell, the chair of the Federal Reserve, has worked to keep cash flowing through the economy. He’s done it by tamping down interest rates and sometimes speaking up — to a degree that’s rare for a Fed director —......

Commentary: The Fed has a simple tool it can deploy to curb market speculation

CNBC
CNBC – For more and to sign up click here The Marriner S. Eccles Federal Reserve building stands in Washington, D.C., U.S., on Tuesday, Aug. 18, 2020. Erin Scott | Bloomberg via Getty Images Many of the indicators of stock market euphoria are flashing bright red signals as the market......

Powell says inflation is still ‘soft’ and the Fed is committed to current policy

CNBC
CNBC – For more and to sign up click here Inflation and employment remain well below the Federal Reserve’s goals, meaning easy monetary policy is likely to stay in place, central bank Chairman Jerome Powell said Tuesday. Despite a sharp rise this year in bond yields that has accompanied heightened......

Fed’s Rosengren says affordable child care pivotal to labor market recovery

Reuters
FILE PHOTO: The Federal Reserve building is set against a blue sky in Washington, U.S., May 1, 2020. REUTERS/Kevin Lamarque/File Photo (Reuters) – Women, minorities and low-wage workers have been disproportionately affected by pandemic related job losses and efforts to reopen the economy should include programs that improve job quality......

Fed minutes highlight willingness to steer past coming inflation

Reuters
WASHINGTON (Reuters) – Facing a still-scarred economy that may need an extended time to recover fully, Federal Reserve officials last month debated how to lay the groundwork for the public to accept coming higher inflation, and also the need to “stay vigilant” for signs of stress in buoyant asset markets,......

Wells Fargo shares jump after Fed reportedly approves bank’s overhaul plan

CNBC
CNBC – For more and to sign up click here A pedestrian wearing a protective mask walks past a Wells Fargo & Co. bank branch in New York, U.S., on Thursday, July 9, 2020. Peter Foley | Bloomberg | Getty Images Wells Fargo shares popped Wednesday after the Federal Reserve......

Inflation not likely to hit Fed’s target through 2022, Rosengren says

Reuters
WASHINGTON (Reuters) – Inflation is unlikely to hit the Federal Reserve’s 2% target on a sustained basis at least through 2022, Boston Fed President Eric Rosengren said on Wednesday, adding that he was not concerned about an immediate jump in prices that is expected to occur as the coronavirus pandemic......

Are Tennessee Titans fed up with 2020 first-rounder Isaiah Wilson?

USA Today
USA TODAY – For more and to sign up click here Nashville Tennessean NASHVILLE – Tennessee Titans general manager Jon Robinson hasn’t spoken to embattled first-round pick Isaiah Wilson in at least two months. And he’s already mulling how the team could’ve missed so badly on the former Georgia offensive......

Fed’s Kaplan says labor market still far from maximum employment

Reuters
FILE PHOTO: Dallas Federal Reserve Bank President Robert Kaplan speaks at the Commonwealth Club in San Francisco, U.S., October 11, 2019. REUTERS/Ann Saphir/File Photo (Reuters) – The U.S. economy is still in the “teeth” of the pandemic, the labor market is far from full employment, Dallas Federal Reserve Bank President......

Fed’s Barkin: U.S. economy doesn’t need ‘herd immunity’ to rebound

Reuters
FILE PHOTO: Federal Reserve Bank of Richmond President Thomas Barkin poses during a break at a Dallas Fed conference on technology in Dallas, Texas, U.S., May 23, 2019. REUTERS/Ann Saphir (Reuters) – A slower-than-expected vaccine rollout and the rise of coronavirus variants may make attaining herd immunity against the novel......

Fed Chair Powell, citing bleak jobs picture, says policy will need to stay ‘patiently accommodative’

CNBC
CNBC – For more and to sign up click here Federal Reserve Jerome Powell testifies during a Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, U.S., December 1, 2020. Susan Walsh | Reuters Federal Reserve Chairman Jerome Powell on Wednesday painted......

Leon Cooperman on GameStop, the Fed and the myth about the rich and taxes

CNBC
CNBC – For more and to sign up click here Leon Cooperman Scott Mlyn | CNBC My views on a variety of subjects: GameStop frenzy I am not critical of the GameStop speculators in the slightest. I hope they understand they are speculating and in my opinion the stock price......

Fed’s Kaplan sees ‘enthusiastic debates’ over QE taper

Reuters
FILE PHOTO: Dallas Federal Reserve Bank President Robert Kaplan speaks at the Commonwealth Club in San Francisco, U.S., October 11, 2019. REUTERS/Ann Saphir (Reuters) – Dallas Federal Reserve President Robert Kaplan on Friday said he expects “enthusiastic debates” with the U.S. central bank about when to begin to reduce the......

Here’s what changed in the new Fed statement

CNBC
CNBC – For more and to sign up click here This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policy-making meeting on Dec. 16. Text removed from the December statement is in red with a horizontal line through the middle. Text appearing for the......

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