Federal Reserve

FedTC

The Fed Announces An Internal Investigation Into The Financial Operations Of Its Members

The investigation follows the recent resignations of Rosengren and Kaplan, presidents of the Boston and Dallas Federal Reserve respectively, for questionable trading in 2020. The spotlight is now on Clarida, the Fed’s vice chairman, after she moved between $1m and $5m from a bond fund to an equity fund a day before Powell’s statement in late February 2020, in which he announced possible Fed policy action because of the pandemic….


Jay Powell

The Federal Reserve Ventures Into Unchartered Territory

J.P.Marín Arrese | Jerome Powell raises the stakes day by day by making bolder than ever decisions. He shatters the image of shyness, prudence and circumspection he offered when taking over the Fed chairmanship. His last daring move has left markets flabbergasted. No wonder. He has pledged 2.3 trillion to buy ungraded bonds and to set up a massive lending facility for Main Street companies, thus breaking the golden rule of including only high-rated paper in the Fed balance sheet. 


Jackson hole

Jackson Hole in the sky

Christian Gattiker, Head of Research, Julius Baer │It is about time: central bankers present their take on the current mess at the Jackson Hole meeting, the prime plat-form for this. The more concerned they are the better. We think concerted central bank action will still avoid a global recession. Warming up to fiscal easing, as in Germany, is the icing on the cake.



recent central bank announcements may not be enough

With current inflation levels, recent central bank announcements are better than nothing, but may not be enough

Miguel Navascués | Central banks announcements are better than nothing, but may not be enough. In my opinion, the central message of Keynes is that, for those taking investment decisions, the future cannot be reduced to a risk calculus formula, because there is always a zone of uncertainty (by definition incalculable) which influences spending decisions: consumption, but, above all, productive investment.





President Trump is right: The Federal Reserve is a big problem

President Trump Is Right: The Federal Reserve Is A Big Problem

The Federal Reserve is more or less protected from the demands of political parties. But what about the influence from ‘special interest groups’ such as the banking industry on Fed policymaking? “There is hardly be any doubt that the Fed caters, first and foremost, to the needs of commercial and investment banks, ” says a report from Degussa.


fedNY

Fed’s Next Rate Hike Will Happen Only In 2017

Julius Baer Research | In the six weeks since the last Federal Reserve (Fed) meeting, the world has been shaken by several events. Despite rallying equity markets, investors stay rattled and filled with unease. Yet in the US, news on the economic front has been mainly positive. Indicators such as the June employment report, retail sales, housing starts, capacity utilization and the service industry have all beaten expectations.