May 3, 2021 22:11 GMTFXStreet News
New York Federal Reserve Bank President John Williams said on Monday that the Fed has the tools it needs to control short-term interest rates at a time when reserves are abundant and rates are drifting lower, as reported by Reuters.
”The Fed can lift the interest rate it pays on excess reserves, known as IOER, or the rate it pays on reverse repurchase agreements, which give financial firms a place to temporarily park cash, Williams told reporters.
Those adjustments would not be viewed as a change in monetary policy, he said.”
Key notes
New York Federal Reserve Williams says the economy is on a very good trajectory but we still have a long ways to go.
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Like other Black entrepreneurs in her Inglewood neighborhood, Annie Graham has struggled to keep her business afloat during the pandemic.
At Ms. Ann’s clothing boutique on Manchester Boulevard, the Easter finery Graham stocked last spring remains on the racks. Also untouched are many of the exclusively white outfits for weddings and parties that she sells at her storefront next door, the White House. Customers, she said, mostly buy dresses now for funerals.
Annie Graham, owner of Ms. Ann’s dress shop in Inglewood, had her application last year for a PPP loan rejected.
(James Bernal for Reveal / Los Angeles Times)
The Good Traitor Movie Review
By
Samuel Goldwyn Films
Director: Christina Rosendahl
Writers: Kristian Bang Foss, Danja Gry Jensen, Christina Rosendahl
Cast: Ulrich Thomsen, Burn Gorman, Ross McCall, Zoë Tapper, Denise Gough, Pixie Davies, Henry Goodman, Mikkel Boe Følsgaard, Nicholas Blane
Screened at: Critics’ link, NYC, 2/25/21
Opens: March 26, 2021
Wonderful, wonderful Copenhagen, capital city of a country that heroically ferried its Jewish population of 7200 to safety in neutral Sweden, thereby saving their lives from Nazi onslaught. Denmark, which is now among the most progressive countries in the world embracing what may be called Medicare for All, generous parental leave, long time off in the summer, has a problem in its twentieth century history. There was, I fear, something rotten in the state of Denmark, because when Hitler invaded the small country, the Danish government offered virtually no resistance, negotiating with the Hun almost immediately. The coward
WASHINGTON (dpa-AFX) - Asian shares finished broadly higher, while European shares are trading lower on Thursday.Traders are also likely to keep an eye on the preliminary reading on first-quarter