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User | Time | Action Performed |
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Mester: No comment on economic outlook or interest rates
MESTER: NO COMMENT ON ECONOMIC OUTLOOK OR INTEREST RATES
— FinancialJuice (@financialjuice) May 28, 2024
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MESTER URGES FOR INCREASED TRANSPARENCY IN FED STATEMENTS AND PROJECTIONS
— FinancialJuice (@financialjuice) May 28, 2024
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MESTER: FED CAN IMPROVE COMMUNICATION WITH THE PUBLIC
— FinancialJuice (@financialjuice) May 28, 2024
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- From @FirstSquawk|May 28, 2024|2 comments
post: FED'S BOWMAN: FOMC WOULD HAVE BENEFITED FROM EARLIER DECISION TO TAPER AND END QE IN 2021; WOULD HAVE ALLOWED EARLIER RATE HIKES post: FED'S BOWMAN: IN FUTURE, WHEN FED CONDUCTS QE TO RESTORE MARKET FUNCTIONING OR FINANCIAL STABILITY IT SHOULD COMMUNICATE THAT PURCHASES WILL BE TEMPORARY AND UNWOUND WHEN MARKET CONDITIONS HAVE NORMALIZED post: FED'S BOWMAN: IMPORTANT TO COMMUNICATE ANY CHANGE TO RUN-OFF RATE DO NOT REFLECT A CHANGE IN FED'S MONETARY POLICY STANCE post: FED'S BOWMAN: IMPORTANT TO KEEP REDUCING BALANCE SHEET SIZE TO REACH AMPLE RESERVES AS SOON AS POSSIBLE AND WHILE ECONOMY IS STRONG post: FED'S BOWMAN SAYS SHE WOULD HAVE SUPPORTED EITHER WAITING TO SLOW QT PACE OR A MORE TAPERED SLOWING IN BALANCE SHEET RUN OFF 28 MAY 2024 10:25:00 AM -
- From ecb.europa.eu|May 28, 2024
Since the global financial crisis in 2008, many central banks around the world have used asset purchases when conducting monetary policy. In the euro area, for example, asset purchases were actively used in 13 out of the past 15 years. In response to the post-pandemic surge in inflation, most central banks stopped net purchases and started to reduce their bond holdings. As this process is unfolding, it is now a good time to start reflecting on the experience of using asset purchases and to evaluate their benefits and costs by drawing on the growing body of research on their effects on financial markets and the broader economy. My main message today is that asset purchases can be a powerful tool when financial markets are in turmoil. Outside these periods, however, central banks need to carefully assess whether the benefits of asset purchases outweigh the costs. Why central banks use asset purchases Central banks have used asset purchases for two main purposes. One was to respond to disturbances in monetary policy transmission and to stabilise financial markets in periods of illiquidity and turmoil. In the United States, for example, the first large- post: ECB'S SCHNABEL: QE MAY HAVE WEAKENED THE TRANSMISSION OF MONETARY POLICY DURING THE RECENT TIGHTENING CYCLE post: ECB'S SCHNABEL: IN BANK-BASED ECONOMY TARGETED LONGER-TERM REFINANCING OPERATIONS CAN PROVIDE SUBSTANTIAL SUPPORT WITH SMALLER FOOTPRINT
- From channelnewsasia.com|May 28, 2024|3 comments
Japanese Finance Minister Shunichi Suzuki said on Tuesday he was concerned more about the negative aspects of the current weakness in the yen right now, reiterating Japan's ...
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- From dw.com|May 28, 2024
UN Security Council diplomats said Algeria requested an emergency meeting after a deadly Israeli strike on southern Gaza. UN chief Antonio Guterres condemned the strike amid an ...
- From investmentexecutive.com|May 28, 2024
Amid continued high interest rates, elevated stress in the financial system and financial benchmark reform, the Office of the Superintendent of Financial Institutions (OSFI) is ...
- From destatis.de|May 28, 2024
In April 2024, the selling prices in wholesale trade were 1.8% lower than in April 2023. This is the first up-to-date monthly result following the rebasing of wholesale selling ...
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- Posted: May 28, 2024 12:59am
- Submitted by:Category: Low Impact Breaking NewsComments: 0 / Views: 2,435
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