News list for " resident"
New York Fed President William Williams said some of the latest data were encouraging and showed more signs of slowing inflation. He also pointed out that the consumer price index (CPI) data is somewhat distorted and may be slightly depressed, and more data is needed to make an accurate judgment on the inflation situation.
Adam Button, an analyst at the financial website Investinglive, said the Fed's announcement of the reappointment of 11 regional Fed chairpeople was only a formality, but the Federal Reserve Board of Governors did have a say in the appointment of regional Fed chairpeople. In any case, all regional Fed chairpeople were unanimously approved for five-year terms. If Trump can control the Federal Reserve Board of Governors, which in turn could further influence the appointment of regional Fed governor...
According to a CNBC survey, while 84% of respondents expect Trump to nominate Kevin Hassett, director of the National Economic Council, to take over as Fed chairperson, only 11% think he is the right candidate. While 47% of respondents favor Christopher Waller, a Fed governor, and 23% support Kevin Warsh, only 5% think Trump will choose either. Markets are concerned about whether Hassett can maintain the Federal Reserve's dual mandate of price stability and full employment, and whether he can ma...
At a press conference, Reserve Bank of Australia President Brock emphasized that inflation risks are skewed to the upside, noting that inflation and employment data will be crucial to the February meeting next year. For this meeting, Brock said that the possibility of raising interest rates has not been explicitly considered, nor has the option of cutting interest rates been considered, but there has been discussion about the possible need to tighten policy. However, Brock said that if inflation...
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. Williams, the president of the New York Fed, said the widening gap between rich and poor was putting the US economy at risk and making another rate cut in December a complex "balancing act". He called it "perfectly reasonable" to let the balance sheet continue until the end of November. Click to view
Reserve Bank of Australia President Bullock will speak in ten minutes.
Boston Fed President Collins said the Federal Reserve should continue to cut interest rates this year, and it is also possible to do nothing in the future; Federal Reserve Governor Bowman is firm that interest rates will be cut twice this year. Both are concerned about employment and believe that tariffs will not lead to sustained inflation. click to view
Although Kansas City Federal Reserve President Schmid supported a rate cut in September, his hesitation to follow through on easing policy highlights the difficulty in reaching consensus on the Fed's interest rate decision. Click to view...
The reform of the European Central Bank's executive board is on the agenda, and the seats of vice president, chief economist, and president will be vacant in 2027. Candidates are gradually emerging, with Germany and France vying for the top job and Eastern Europe seeking a breakthrough. Click to view...
