Hints and tips:
...However, if this is a proverbial Santa rally it looks more like the Billy Bob Thornton version than Edmund Gwenn....
...There are many parallels between the current situation of Jay Powell’s Fed and what happened then. So it is imperative that we learn from history to avoid repeating the error....
...“How to thread the needle for a decision-making process that is a bit frayed is a heavy lift,” said Diane Swonk, chief economist at Grant Thornton....
...“This is one of the most important decisions that can be made and needs to be made because we are running out of days to confirm,” said Diane Swonk, chief economist at Grant Thornton....
...“The pivot is complete in terms of them worrying about more persistent and problematic inflation,’‘ said Diane Swonk, chief economist at Grant Thornton....
...Federal Reserve chair Jay Powell gave markets a comfy bump yesterday, just by saying what they already believed — that the Fed will begin increasing rates in March....
...“They said they would give us a lot of advanced notice,” said Diane Swonk, chief economist at Grant Thornton. “We need a warning now, and we need a road map.”...
...Jay Powell has mounted an increasingly forceful case for more fiscal stimulus in the US economy, sending a clear yet politically tricky message to Congress and the White House that the recovery could be...
...But the Fed and its chair Jay Powell face a tricky balancing act at their meeting on Tuesday and Wednesday....
...Markets speed-read Global equities markets are hovering in a tight range this morning as investors brace for remarks today from Fed chair Jay Powell....
...Chairman Jay Powell signalled as much in recent congressional testimony. And the White House may or may not be happy as a result....
...“The goal is to fly low and go under the radar,” said Diane Swonk, chief economist at Grant Thornton. How will the statement change?...
...“Congress did its job, but that was just one battle,” said Diane Swonk, chief economist at Grant Thornton. “There is still a war on the Fed’s independence.”...
...“This is a real test for the Senate,” said Diane Swonk, chief economist at Grant Thornton....
...If the US sees signs of a serious downturn there is little doubt that chairman Jay Powell and his colleagues would cut aggressively....
...Jay Powell and Fed vice-chairman Richard Clarida met Mr Trump and Treasury secretary Steven Mnuchin for an informal dinner, the Fed said in a statement....
...“The clock is ticking as this shutdown gets longer and the ante is steadily going up,” said Diane Swonk, chief economist at Grant Thornton....
...Jay Powell, the Fed chairman, highlighted overseas and domestic threats to growth when he adopted his “patient” stance on rate rises in January....
...However Fed watchers such as Diane Swonk, chief economist at Grant Thornton, strongly doubt the president is managing to dictate policy....
...Much of that flexibility was lost in translation for financial markets,” said Diane Swonk of Grant Thornton....
...Jay Powell put his personal stamp on the Federal Reserve on Wednesday, as the new chairman vowed to speak in plain English and hold more regular press conferences as he fosters “a public conversation” about...
...Diane Swonk, chief economist at Grant Thornton, said the effects of the trade battle were corrosive and would accumulate over time....
...Ms Daly’s appointment comes as the Fed, led by chairman Jay Powell, faces pressure to boost diversity in its uppermost ranks....
...As Jay Powell sidestepped political bear traps placed in his path by lawmakers during hearings this week, one congressman was heard ruefully remarking, “Thank you for evading my question.”...
...“It will be a bullish statement,” said Diane Swonk, chief economist at Grant Thornton. “There is a real sense that we could . . . get a heatwave instead of a warming trend on inflation.”...
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