Senator Elizabeth Warren, Democrat of Massachusetts, lit in, as usual, to Jerome Powell, chairman of the Board of Governors of … More
Category: Federal Reserve System
Interbank Market News Scan: Does the State have an interest in sustaining SVB Financial? No.
Michael S. Barr, Vice-chair of the Board of Governors of the Federal Reserve System, warned the U.S. earlier this week … More
Interbank Market News Scan: All quiet on the Federal Reserve front …
The media is saying this …. The Chicago Mercantile Exchange’s FedWatch tool has done a 180 degree turn from its … More
Interbank Market News Scan: Hours away from Powell’s testimony, the Fed should do a one and done with the fed funds rate.
While I believe that the FOMC will vote to raise rates, how much the rates increase by will be a decision driven by politics as it is by economics. The United States is entering the silly season of campaigning that runs up to the 2024 presidential election. As the expenditures stemming from President Biden’s infrastructure spending and financial support for Ukraine seep through the economy, the last thing the Administration wants to contend with is increased financial stress on American households. Mr Biden would prefer to see the Federal Reserve bring a pause to the inflation fight by the end of this spring, putting the pain into the past as soon as possible while crafting a narrative that places the full blame for inflation on the central bank.
The Interbank Market News Scan: An arbitrage moment for U.S. banks
Morning thoughts … When I listen to the YouTube posse opine about the Federal Reserve’s use of its monetary policy … More