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Chris Rugaber Retweeted
amen! Fed used their emergency powers in 13(3)c in 2008 right after Congress voted down the bailout ... Fed knew that would bring down political fire and brimstone, it did and they did it anyway .. that’s backbone, when it mattered
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Chris Rugaber Retweeted
Amid a Wall Street sell-off, Fed Chair Powell issues a strong signal that an interest rate cut may be coming soon. He says the central bank will use all its tools to bolster the U.S. economy. Read
@chrisrugaberhttp://apne.ws/73Q6GlhThanks. Twitter will use this to make your timeline better. UndoUndo -
Umm, sorry
@sffed I'll have to read this later...pic.twitter.com/BD1XSKZ6BR
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Bank of America now expects a big Fed cut in March: "The Fed is being called into action and we expect a 50bp cut at the upcoming March 18th meeting. An emergency cut by the Fed prior to the meeting is possible - it will depend on the extent of market dysfunction."
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JPMorgan note: More new cases outside China than within:pic.twitter.com/Xo14NbJ2va
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Chris Rugaber Retweeted
Markets are super, super rational:https://twitter.com/j_fenton/status/1233363188894355458 …
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This chart is less worrisome than I would have expected, but it assumes Chinese data is accurate:
#coronaviruspic.twitter.com/0tITtDlfva
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Chris Rugaber Retweeted
Michelle Bowman,
@federalreserve board governor, gave the keynote speech at the Banking Outlook Conference today, discussing the direction of supervision. Check out the full speech
https://bit.ly/2VtgKUA pic.twitter.com/FahXtNi33C
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Chris Rugaber Retweeted
Trump bashes the Federal Reserve during his
#coronavirusus press conference “I disagree with our Fed.” “We are the greatest in the world. We should have the lowest interest rates in the world.” [Factcheck: low/negative interest rates are a sign of weak economies]Thanks. Twitter will use this to make your timeline better. UndoUndo -
“Since the hearing, I have corresponded and spoken further with Dr. Judy Shelton about her views on monetary policy. She clarified to me that she will oppose using monetary policy for the purpose of devaluing the dollar. “ — Sen. Pat Toomey
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U.S. Senator Pat Toomey (R-Pa.) issued the following statement announcing he intends to support Dr. Judy Shelton’s nomination to the Federal Reserve Board of Governors
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“Keep them coming,” Cochrane wrote. “Flying out of here. It’s like people are addicted to these things or something. Oh, wait, people are.” from
@geoffmulvihill (from@AP)https://apnews.com/8190fa62eedd459dd475c4a4b6756ee9 …Thanks. Twitter will use this to make your timeline better. UndoUndo -
Chris Rugaber Retweeted
My discussion on why a Fed response is a necessary but not sufficient condition to address the looming crisis. The Fed can’t fix your supply chain problems.
@ChrisRugaberhttps://abcnews.go.com/Business/wireStory/coronavirus-poses-tough-challenge-economic-policymakers-69212532 …Thanks. Twitter will use this to make your timeline better. UndoUndo -
Chris Rugaber Retweeted
The irony right now is that even as traders price in Fed rate cuts, it isn't leading to easier financial conditions. Yes, Treasury yields are falling. But corporate debt sales are temporarily drying up & the IPO market is freezing.https://www.bloomberg.com/news/articles/2020-02-25/corporate-debt-market-freezes-on-virus-in-rare-deal-drought …
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Fed's Clarida emphasizes the symmetrical nature of the Fed's 2% goal: "Symmetry says you have to spend some time above as well as below," and adds - if you're always below 2% it's not symmetric.
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Fed's Clarida says it's too soon to know how to handle the coronavirus: "But it is still too soon to even speculate about either the size or the persistence of these effects, or whether they will lead to a material change in the outlook."
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Chris Rugaber Retweeted
Evergreen Fisher recommendationhttps://twitter.com/SquawkStreet/status/1232339466787926025 …
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Econ model by Mark Zandi says Trump wins in 2020 unless there is historically high turnout.
#NABE2020pic.twitter.com/Yw6ZX6TfsO
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Chris Rugaber Retweeted
On coronavirus impact: Macy’s CEO Jeff Gennette says 70 Macy’s stores have a strong Asian business and have seen a slowdown in sales. But he said nothing to be concerned about yet. Those stores include store in Flushing,Queens and San Francisco’s Union Square.
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Fed officials still cautious about coronavirus: “Watching and waiting at this stage is a risky proposition,”
@GregDaco said (from@AP)https://apnews.com/4c9fd8404362a25ac9de01e15b00eee5 …Thanks. Twitter will use this to make your timeline better. UndoUndo
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