Jerome Powell
Darrell Delamaide on the Fed, David Marsh on the ECB, and more
THE WEEKEND REVIEW
Latest opinion and analysis from OMFIF around the world
8-12 July 2019, Vol.10 Ed.28
Jerome Powell
Darrell Delamaide on the Fed, David Marsh on the ECB, and more
THE WEEKEND REVIEW
Latest opinion and analysis from OMFIF around the world
8-12 July 2019, Vol.10 Ed.28
Fed to signal imminent rate cuts, Financial market manipulation and regulatory reform
Commentary: Fed to signal imminent rate cuts
By James Knightley in London
Concerns about the implications of President Donald Trump’s willingness to use trade tariffs in disputes mean downside risks to US growth are building. Faced with such uncertainty and the higher costs and weaker profit outlook it generates, many firms may act more cautiously. Any subsequent slowdown in investment and hiring could lead to...
HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS:Addressing the UK House of Commons on 26 February, Prime Minister Theresa May committed that: (i) another vote on her Brexit plan will be held on 12 March, at the latest; (ii) if the plan is rejected, a vote on whether to proceed with a ‘no-deal’ Brexit will be held on 13 March: and (iii) if ‘no-deal’ Brexit is rejected, the House will vote on 14 March on a motion calling on the government to request a “short and limited” extension...
Commentary: Sharp shift to Fed dovishness
By Mark Sobel in Washington
The Federal Open Market Committee’s decision at the end of January to pause rate increases was long telegraphed and widely expected. But the highly dovish messaging in the Federal Reserve statement and press conference by Chair Jerome Powell surprised markets.
The reasoning for the sharp shift in Fed rhetoric between December and January remains elusive. To reconcile an unchanged baseline economic outlook with its dovish...
The Fed
Commentary: Why Trump is wrong on Powell
By Mark Sobel in Washington
President Trump has shown spurious reasoning in attacking the Fed and Chairman Jay Powell. It would be a huge disservice to America, the Fed and its independence if a debate over monetary policy gave succour to Trump’s attacks. Now is the time to vigorously protect Fed independence. A reasonable debate can be conducted about the Fed rate hike. But all should recognise that both sides have plausible arguments. A 25 basis...