New York Fed official says the Treasury market is functioning smoothly, no dysfunction
Rising yields driven more by uncertainty than changing views of monetary policy
Source: forexlive.com
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US bond market functioning well amid volatility, New York Fed's Perli says
The U.S. bond market is functioning well amid recent volatility and rising yields are being driven more by uncertainty over the economic outlook as opposed to shifting views of monetary policy, the... -November 16, 2023 at 04:16 pm EST - MarketScreener
Source: marketscreener.com
Sidelining of Quarles complicates Fed's policymaking
Gov. Randal Quarles is no longer vice chair for supervision, and the Federal Reserve Board will make bank regulatory policy only when multiple members reach consensus. Observers expect inaction until the Biden administration fills key leadership posts.
Source: americanbanker.com
Push to have Powell reappointed as Fed chair
Push to have Powell reappointed as Fed chair Jerome Powell’s term as chair of the US Federal Reserve could be summed up as follows: Never in economic history has so much been given so fast to so few. The trillions of dollars pumped into the financial system by the Fed since March 2020 have sent the stock market to record highs, boosting the wealth of multi-billionaires such as Elon Musk and Jeff Bezos to stratospheric heights, as well as lifting the wealth of a host of lesser lights. Chairman...
Source: wsws.org