China’s central bank announces a 100 bps cut in RRR – 50 bps cut to take into effect on 15 January – Another 50 bps cut to take into effect on 25 January ForexLive
Powell answers questions with Yellen and Bernanke The message from Powell is that the Fed is listening and that they will act ‘quickly’ if the concerns in markets are borne out by the economic data. That’s given risk assets a
Comments from Powell in Atlanta The final line was Powell’s final line of his prepared comments. The line ‘quickly’ is especially notable, it’s a dovish shift. He’s basically putting on a Powell put.
Powell will be joined for a Q&A with Yellen and Bernanke The base case is that Powell will deliver something less hawkish than at the December Fed press conference.
Kashkari on twitter Comment from Kashkari: “I recently realized a danger in declaring we are at max employment (I find myself doing this too): Every time we think we are there, and then the economy creates a lot of jobs and
Nellie Liang was nominated by President Trump for membership on the Federal Reserve Board in September last year. Wall Street Journal report WH has withdrawn the nomination
Yuan strengthened again vs USD People’s Bank of China skip open market operations for the day – 20bn yuan in RRs mature so a net drain ForexLive
This is a long-running theme for Williams New York Fed President John Williams co-authored a paper suggesting the Fed could guard against deflationary expectations by shifting to price-level targeting or average-inflation targeting.
A note from RBC, this an extract with quick views on where to for those four centeal banks above Following the December Fed meeting, our US colleagues cut their 2019 Fed forecasts from four hikes to two
A video interview snippet from Bloomberg interview with UBS Chairman Axel Weber While we await markets to get a bit more active Here is the link