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Thursday, October 22, 2020
fed-is-now-trapped:-if-powell-fails-to-taper-“not-qe”,-he-will-admit-it-was-“qe-4”-all-along

Fed Is Now Trapped: If Powell Fails To Taper “Not-QE”, He Will Admit It...

The unexpected scramble by dealers to obtain repo funding in recent days has taken the market, and especially STIR traders by surprise: after all, the primary catalyst behind the Fed's decision to (emergency) cut by 50bps was to ease financial conditions. And yet the record oversubscribtion in both term and overnight repos in the past…
fed’s-powell-lectures-congress-about-government-spending…-that-the-fed-facilitates

Fed’s Powell Lectures Congress About Government Spending… That The Fed Facilitates

Authored by Michael Muharrey via SchiffGold.com, Fiscal 2020 started just like fiscal 2019 ended – with a massive federal budget deficit. And that has Federal Reserve Chairman Jerome Powell worried. In an ironic bit of political theater, Powell lectured Congress about the spending he helps facilitate. The budget shortfall last month was 34% higher than…
watch-live:-powell-tells-congress-there-will-be-no-more-rate-cuts

Watch Live: Powell Tells Congress There Will Be No More Rate Cuts

Judging by his prepared remarks, which we posted here, along with a preview of what to expect from Wednesday's testimony, Fed Chairman Jerome Powell is gearing up to tell the market something it doesn't want to hear: That the central bank is done cutting interest rates, and that Powell expects the economy to continue to…
powell-says-“economy-faces-some-risks”-but-is-“in-a-good-place”;-spoke-to-dimon,-moynihan

Powell Says “Economy Faces Some Risks” But Is “In A Good Place”; Spoke To...

Following a disappointing jobs report, which could have been worse on the headline payrolls print but was quite dismal in terms of wages, which actually dipped by 1 cent sequentially and rose at the slowest pace in a year, traders were looking ahead to the day's final event, the speech by Fed Chair Jerome Powell…
watch-powell-live:-will-the-fed-serve-any-last-surprise-before-blackout-period-begins?

Watch Powell Live: Will The Fed Serve Any Last Surprise Before Blackout Period Begins?

With the disapponting payrolls report now in the rearview mirror, which despite missing consensus expectations and a miserable private payrolls print, was not bad enough to ensure a 50bps rate cut on September 18, all eyes now turn to Jerome Powell's speech on the economic outlook at an event in Zurich hosted by the Swiss…
fed-chair-powell-set-to-disappoint-markets-in-upcoming-speech

Fed Chair Powell Set to Disappoint Markets in Upcoming Speech

While the full program of this year’s Jackson Hole symposium will be released tonight at 8pm ET, what we do know is that Chair Powell will address the symposium on Friday, August 23, at 10 AM ET.Powell is widely expected to preface his prepared remarks with an update on current conditions that acknowledges continued risks…
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