Mr. Bescent, the US Treasury secretary, said on Wednesday he planned to push for a requirement that the 12 regional Fed presidents reside in their jurisdictions for at least three years before being appointed to lead them. Mr. Bescent said he would push for future appointments of candidates who did not meet that requirement, with the Fed's board of governors in Washington exercising veto power. "The Fed chairperson and the board of governors... have the final say on who is chosen to the boards o...
Mr. Daly said policy needed to remain tight until it saw real sustained progress on inflation. The Fed wanted to proceed cautiously before making the next adjustment. Inflation is gradually coming down, but the process is relatively volatile.
Powell said he's not in a hurry to cut interest rates! Gold has reached a new high and recorded its best monthly performance in over three years! When will the authorities intervene as the yen continues to decline? Russia's demand for oil companies to reduce production, Bitcoin's 70000 yuan hit short positions... What stimulus markets did you miss this week?