March 25, 2022 - Financial Occultist

During the 2020 campaign Mr. Biden promised to work toward a policy in which the sole purpose of the U.S. nuclear arsenal would be to deter an enemy nuclear attack.
Mr. Biden’s new decision, made earlier this week under pressure from allies, holds that the “fundamental role” of the U.S. nuclear arsenal will be to deter nuclear attacks.
That carefully worded formulation, however, leaves open the possibility that nuclear weapons could also be used in extreme circumstances to deter enemy conventional, biological, chemical and possibly cyber attacks, said the officials.

Federal Reserve speakers coming up on Friday 25 March 2022

The best thing about Federal Open Market Committee meetings is the blackout period that precedes it and we get a lil bit of peace and quiet from the talking heads.

Coming up:

10 am US ET (1400 GMT)

Federal Reserve Bank of New York President John Williams participates in virtual “Challenges for Monetary Policy and Financial Stability” panel before the Central Reserve Bank of Peru Centenary Conference organized by the Central Reserve Bank of Peru and Bank for International Settlements.

11 am US ET (1500 GMT)

Federal Reserve Bank of Francisco President Mary Daly makes introductory remarks to the Macroeconomics and Monetary Policy Conference, hosted by the San Francisco Fed’s Economics Research Department.

11.30am US ET (1530 GMT)

Federal Reserve Bank of Richmond President Thomas Barkin gives inperson speech before the Citadel Directors Institute 2022 hosted by the Tommy and Victoria Baker School of Business at The Citadel Foundation, in Charleston.

12.00pm US ET (1600 GMT)

Federal Reserve Gov. Christopher Waller speaks at “Virtual Seminar Series on Central Banking and Digital Currencies: Should Central Banks Issue Digital Currencies?”

Get ready for the 50bp hike remarks!