January 12, 2017 | Daily JAM, Mid Term, Morning Briefing |
Philadelphia Fed President Patrick Harker. Charles Evans, president of the Chicago Fed. St. Louis Fed President James Bullard. All have said in recent days that the Federal Reserve is waiting on incoming President Donald Trump and Congress to act to clarify fiscal policy before moving to raise interest rates.
August 19, 2016 | Daily JAM, Morning Briefing, Short Term, Volatility |
In the short term yesterday’s remarks from John Williams, head of the San Francisco Federal Reserve, were just another effort by Fed officials–including the heads of the Atlanta and New York banks, to keep the market from getting so comfortable with the idea that the Fed will stay on the sidelines that the U.S. central bank winds up with no room for an interest rate increase at any point in 2016–even in December.
