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Page 23 - கூட்டாட்சியின் இருப்பு வங்கிகள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Fed Is Overwhelmingly White and Male and Needs to Change, Study Says – NBC 5 Dallas-Fort Worth

Calculated Risk: Schedule for Week of April 11, 2021

The key reports this week are March housing starts, CPI and retail sales. For manufacturing, the March Industrial Production report and the April NY and Philly Fed manufacturing surveys will be released this week. - Monday, Apr 12th - - Tuesday, Apr 13th - Small Business Optimism Index for March. 8:30 AM: The Consumer Price Index for March from the BLS. The consensus is for 0.5% increase in CPI, and a 0.2% increase in core CPI. - Wednesday, Apr 14th - mortgage purchase applications index. 12:00 PM: 2:00 PM: the Federal Reserve Beige Book, an informal review by the Federal Reserve Banks of current economic conditions in their Districts.

Fiscal Dominance and Fed Complacency

Fiscal Dominance and Fed Complacency SHARE In his first speech as a member of the Federal Reserve’s Board of Governors, Christopher Waller defended Fed independence and reassured his audience that “deficit financing and debt servicing issues play no role in our policy decisions and never will.” His goal was to dispel the “narrative” that, with massive federal debt and fiscal deficits, the Fed may become subservient to the Treasury. Large‐​scale debt monetization could then lead to inflation and a loss of Fed independence. Waller was adamant that the Fed would not “succumb to pressures (1) to keep interest rates low to help service the debt and (2) to maintain asset purchases to help finance the federal government.” Despite his statement, there may be reason to fear fiscal dominance. As Harvard economist Greg Mankiw warns, “It would be a mistake to put too much faith in the prescience and skill of central bankers.”

Evidence of the Risks of Elevated Unemployment Insurance Benefits

Evidence of the Risks of Elevated Unemployment Insurance Benefits By Erin Partin SHARE Last week’s job market numbers were strong. The unemployment rate fell to 6.0 percent – the lowest since the start of the COVID-19 pandemic – and total nonfarm payroll employment rose by 916,000 in March. But signs already suggest that the employment bounce-back is being restrained from its full potential by Congress’s decision to entrench a $300 weekly unemployment benefit supplement through September. Combined with state unemployment benefits, around 37 percent of workers can currently make more unemployed than in work. A low-income worker in Massachusetts previously earning $535 per week faced a pre-pandemic replacement rate of unemployment insurance benefits to earnings of 48 percent ($257). Now, the same worker would obtain benefits worth 104 percent of their pre-recession earnings ($557).

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