Archives of “President of the United States” tag

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There is a packed agenda of Federal Reserve speakers coming up this week

  
  Analysis
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The Fed, though, will roll out the talking heads from Wednesday.
Wednesday 8 September:
  • Federal Reserve Bank of New York President John Williams will speak on the economic outlook and monetary policy
  • Fed Dallas President Robert Kaplan will participate in Discussion of Economic Developments and Implications for Monetary Policy
  • Fed Chicago President Charles Evans will give welcome remarks before a virtual “Exploring Career Pathways in Economic and Related Fields” event
Thursday
  • Federal Reserve Bank of San Francisco President Mary Daly will present a paper in “The Economic Gains From Equity”
  • Federal Reserve Board Governor Michelle Bowman will speak on “Community Bank Access to Innovation”
  • Federal Minneapolis President Neel Kashkari, Fed Boston President Eric Rosengren, Fed Dallas President Robert Kaplan and Fed New York President John Williams will participate in virtual “Racism and the Economy: Focus on Health” event
Friday
  • Federal Reserve Bank of Cleveland President Loretta Mester will speak before virtual Bank of Finland-CEPR “New Avenues for Monetary Policy” Conference
I posted earlier on central bank events this week that are not the US Fed :-D :

US President Biden says he will not be telling the Federal Reserve what to do

  
  Analysis
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US President Biden says he has not spoken with Fed Chair Powell

  • “I’m not going to do the kinds of things that have been done in the last administration, either talking to AG…or the Fed telling them what they should and shouldn’t do”
  • “The Federal Reserve is an independent operation.”
The end of an era …   🙁
US President Biden says he has not spoken with Fed Chair Powell

China says it has no interest in meddling with US election, issues warning to Microsoft

  
  Analysis
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Comments by the Chinese foreign ministry

  • Denies any meddling in US election
  • Warns Microsoft not to ‘make things up out of nothing’
This comes after Microsoft reported that they found hackers targeting the US election here, pointing out that:
  • Strontium, operating from Russia, has attacked more than 200 organizations including political campaigns, advocacy groups, parties and political consultants
  • Zirconium, operating from China, has attacked high-profile individuals associated with the election, including people associated with the Joe Biden for President campaign and prominent leaders in the international affairs community
  • Phosphorus, operating from Iran, has continued to attack the personal accounts of people associated with the Donald J. Trump for President campaign

But majority of these attacks had not been successful, according to Microsoft, adding that no attacks were launched on groups handling the voting systems themselves.

Pres. Trump: He is thinking about decoupling from China

  
  Analysis
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Pres. Trump on China

Pres. Trump speaking in a Labor Day news conference at the White House says
  • possibility of decoupling US economy from China
  • says it would not lead to monetary losses
  • WTO has become much better much nicer to US
  • Because of Biden, China shuttered 70,000 businesses
  • China faces decoupling or massive tariffs from US
  • US will prohibit federal contracts to companies that outsource to China
  • Dems don’t want to make a deal because they know it is good for the economy.
  • He would support prove into DeJoy/donations
  • We may have a vaccine before the election
  • We are doing equally as well on therapeutics
  • For me, the faster the better for a vaccine
  • The most important thing is saving lines

Has the dollar lost its grip on the iron throne?

  
  Analysis
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What is next for the dollar?

FXTM
If one could describe the Dollar’s performance over the past few months in one word, the best fit would be vulnerable.

The once king of the FX space has weakened considerably in Q3, depreciating against every single G10, most Asian and emerging market currencies. This is despite its safe-haven status and the global reserve currency title. For those who are wondering why the Greenback remains depressed and unable to shake away the blues despite the general uncertainty, the first clues can be found in the US economy. (more…)

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