Government shutdown delays key monthly jobs report at a pivotal moment for the U.S. economy

The industrial sector grew 0.8% in August compared to July, interrupting the predominantly negative performance seen since April, when it accumulated a 1.2% loss. With this ...

Fed's Williams: Balance Sheet Use Is Not Unconventional - Monetary Policy Tools Not Limited To Short-Term Rates - Uncertainty And Change Will Be With Us For Foreseeable Future - Central Bank Policy Works Better When Public Understands It Fed's Williams: Uncertainty and change will be with us for the foreseeable future Williams: Prepare for the Unexpected Thank you for the kind introduction. It’s a great honor to speak at this event recognizing our esteemed colleague and friend, Klaas Knot. As is often the case among central bankers, Klaas and I first met on a rubber raft floating down the Snake River in Wyoming’s Grand Teton National Park. It was August 2011. Klaas was a rookie monetary policymaker at the time, having been in his role as president of the Dutch National Bank for less than two months. I, on the other hand, was a relatively grizzled veteran with nearly six months under my belt as president of the San Francisco Fed. While we were leisurely cruising downstream, enjoying the wonderful views of nature, our raft suddenly came upon a black bear and two cubs who were—equally leisurely—crossing the river right ahead of us. Carefully, the raft pilot steered us near enough to the bears for close-up photos, but not so near as to get between the mama bear and her cubs—the one thing even a city slicker like me knows never to do. We didn’t appreciate it at the time, but this adventure was an omen for the many challenges we would face navigating the unexpected in the years to come.

CHICAGO FED'S GOOLSBEE: WHAT DATA WE HAVE STILL POINTS TO A PRETTY STABLE LABOR MARKET RIGHT NOW -CNBC CHICAGO FED ESTIMATES SEPT. UNEMPLOYMENT WOULD HAVE BEEN 4.3% Chicago Fed's Goolsbee: Uptick In Services Inflation Probably Not From Tariffs -CNBC - Little Wary About Front-Loading Too Many Rate Cuts And Just Counting On Inflation Going Away FED'S GOOLSBEE SAYS WE ARE SEEING BOTH SIDES OF FED'S MANDATE DETERIORATE. Fed's Goolsbee: The longer we go without the official statistics, the more blind we will be about what's going on in the economy

It is a great pleasure to be here today to celebrate Klaas’s time as President of De Nederlandsche Bank and Chair of the Financial Stability Board. But more than that, to recognise Klaas as a very good friend and colleague. Klaas’s time as Governor covered most of the period since the financial crisis. But his career goes further back, both at the DNB and the Ministry of Finance here in the Netherlands. He has seen it all, and has been at the heart of rebuilding financial stability. It is I think therefore appropriate to concentrate on the theme of financial stability. I am going to focus on a number of key questions. What has been achieved in the time since the crisis? What appears to be the challenge today to these achievements? And where do we go from here? There have been times in recent years when we might have treated these questions as matters of more academic speculation, that’s not so today. They are real questions up for debate and challenge. I know that Klaas will want to be part of answering them. And Klaas, you need no encouragement from us, please do get stuck in, with your trademark elegance and force, the hallmark of Dutch football that you are such a keen supporter of. What has been achieved in the field of financial stability since the financial crisis? Answer – a lot. Yes, today’s world is a highly uncertain and unpredictable place sadly. We have experienced very large shocks – a pandemic, the longest war in Europe since 1945, I could go on. But we have come throug BoE Gov. Bailey: There is no trade-off between financial stability and objectives like growth and competitiveness. BOE GOV. BAILEY SAYS I SEE GROWING RISK THAT AS THE PRO-CYCLICAL TIDE TURNS, WE ARE INHIBITED FROM COLLECTING NECESSARY DATA IN NEW AREAS OF RISK. BOE GOV. BAILEY SAYS I SEE GROWING RISK THAT AS THE PRO-CYCLICAL TIDE TURNS, WE ARE INHIBITED FROM COLLECTING NECESSARY DATA IN NEW AREAS OF RISK.