Heterodox
A long and interesting read. And yes on paying the price. Article by David and Lindsay on what is happening today with increasing pricing across the economy. You can experience it in just about every part of the economy. Further on down this article the authors say, this is more about pricing than supply chain. I would say this is true. However, you can discern whether excess pricing can be justified by reviewing the supply chain costs. Not...
Read More »Jerome Powell September Fed Speech Transcript: Fed Cuts Rates for 2nd Time in 2019 — Ryan Taylor
Victoria Guida: 25:18 Victoria Guida with Politico. Another money-market question. Banks have been pointing to liquidity rules as having contributed to some of the volatility we’ve seen in repo markets and potentially some capital rules as well. Are you all looking at whether some tweaks to the liquidity coverage ratio might help and also, what is the status of the net stable funding ratio rule? Are you all still planning on putting that out soon? Jerome Powell:...
Read More »Fed Chair Powell gets it wrong, just as did Bill Dudley.
More proof we are ruled by morons. The battle line is drawn, with the ruling elite and neoclassical economists at the center and the flanks occupied by Austrians and Libertarians on the right and clueless progressives on the left, with corporate media in the background, facing off with the MMT economists at the center flanked by MMT advocates, backed by a public that agrees with genuine progressive goals. Now it is a battle for hearts and minds. Quartz Actually, deficits do matter,...
Read More »Reuters — Fed plans major review of how it pursues inflation, employment goals
The Federal Reserve will conduct an extensive review next year of how it tries to guide the U.S. economy, the U.S. central bank said on Thursday. “Now is a good time to take stock of how we formulate, conduct, and communicate monetary policy,” said Federal Reserve Chairman Jerome Powell, noting that the Fed was close to meeting its goals of maximum employment and a 2 percent inflation rate. In a statement, the Fed said it would reach out to a “broad range” of stakeholders and that it...
Read More »BIS — Speeches by Zhou Xiaochuan, Jerome H Powell and William C Dudley
Bank for International SettlementsZhou Xiaochuan: Prospects of the Chinese economy - broad-based growth Speech and Q&A by Mr Zhou Xiaochuan, Governor of the People's Bank of China, at the 32rd G30 Annual International Banking Seminar, Washington DC, 15 October 2017. Jerome H Powell: Introductory remarks Speech by Mr Jerome H Powell, Member of the Board of Governors of the Federal Reserve System, at the Roundtable of the Alternative Reference Rates Committee, The Federal Reserve Bank of...
Read More »