Federal Reserve Bank of New York

White House touts easing of supply chain pressures

The White House has outlined progress on commitments made over the last two years to ease supply chain backups caused by the pandemic but failed to acknowledge recent signs that improvements have been losing steam.

“Just over two years ago, then-President-elect Biden addressed the nation in a prime time speech to propose his economic agenda: a plan for a strong, worker-centered economic recovery from the pandemic, followed by long-term investments to lay the foundation for more durable,...

https://www.freightwaves.com/news/white-house-touts-easing-of-supply-chain-pressures

Doves waiting in Fed wings, Global trends in interest rates

Commentary: Doves waiting in Fed wings

By Darrell Delamaide in Washington

The rotation of voting members of the Federal Open Market Committee after its December meeting will bring to the fore outspoken doves, James Bullard of the St. Louis Fed and Charles Evans of the Chicago Fed, to balance out incoming hawks. Bullard made headlines in mid-October by calling for the Fed to stop raising rates and has proposed changed in how the Fed views the sustainability of current low unemployment and its...

http://www.allaboutshipping.co.uk/2018/11/13/doves-waiting-in-fed-wings-global-trends-in-interest-rates/

‘Incertitudes allemandes’ back again, Global trends in interest rates

Commentary: ‘Incertitudes allemandes’ back again

By David Marsh in Berlin

German instability is back again. Angela Merkel, presiding over the ruling Christian Democratic Union as chairman since 2000 and as chancellor since 2005, will step down from the party leadership in December. She protests that she will stay the course. A fight is brewing among the (at least) four disparate candidates for the party chair. The odds are shortening on her departing from the chancellorship well before general...

http://www.allaboutshipping.co.uk/2018/11/01/incertitudes-allemandes-back-again-global-trends-in-interest-rates/