Powell: Monetary Policy in the Post-Crisis Era

Powell: Monetary Policy in the Post-Crisis Era

From federalreserve.gov

Seventy-five years ago this month, the foremost economic and policy minds of their generation gathered in a sleepy mountain town in New England. While World War II still raged, they envisioned a new international monetary system with rules, procedures, and institutions—including the International Monetary Fund (IMF) and the World Bank—to promote recovery and stability in a war-ravaged world. Today we gather in Paris, the City of Light, to recognize their vision. The Bretton Woods institutions played a pivotal role after the war in rebuilding economies and in facilitating the international economic relations that ... (full story)

Added at 12:01pm

POWELL: MANY COUNTRIES, INCLUDING U.S., FACE LOWER RATES OF INTEREST, GROWTH AND INFLATION
— *Walter Bloomberg (@DeItaone) July 16, 2019

Added at 12:02pm

POWELL: PROXIMITY TO ZERO INTEREST RATES POSES NEW COMPLICATIONS FOR CENTRAL BANKERS
— *Walter Bloomberg (@DeItaone) July 16, 2019

Added at 12:02pm

Fed's Powell: Overall US growth appears to have moderated in 2nd quarter $FED $MACRO
— Breaking Market News (@financialjuice) July 16, 2019

Added at 12:08pm

Powell says ‘uncertainties’ have increased chances of a rate cut

From cnbc.com

Federal Reserve Chairman Jerome Powell repeated his pledge to “act as appropriate” to keep the economic expansion going as his fellow central bankers move toward an expected interest rate cut later this month. In speech delivered Tuesday in Paris, the central bank chief detailed misgivings among Fed officials over trade developments and global growth that have caused “uncertainties” over the outlook to increase. In addition, he said there is concern over negotiations regarding the federal debt ceiling, Brexit and “a more prolonged shortfall” in inflation below the Fed’s 2% goal. “Many FOMC ... (full story)

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TudorIoan

Jul 16, 2019 12:15pm — Edited

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Rutine obtuse "cutters", don't look at the monetary rutine!
The global economic conditions has changed, rules changed! ...rate cut for Fed is a little different game beyond smart business people, presidents, and forum trolls

EEC is fucked, China is fkd, Britain is fkd, Japan, Aussie they don't look better...
America is "great" now because everybody else is "small".
New game... slightly different monetary equation...
They will cut when it's the right time, and everybody will be taken by surprise because everybody talks too much and think too little.

TraderGER

Jul 16, 2019 12:16pm

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It's probably not yet time for a cut, but he heard his master's voice. He will obey and do all that there will be enough cut's.

Mundo

Jul 16, 2019 1:16pm

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I care less what Fed does or not. But I do read some info to trade accordingly.

Rate cut with stock market at all-time highs? It’s been done before — but here’s what’s different - MarketWatch.com

https://www.marketwatch.com/story/ra...?mod=investing

barkie

Jul 17, 2019 8:52am

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Quoting gat

Disliked

Agree with TraderGER. Nothing indicates any need for a rate cut. i'm hoping a cut is not squandered for no reason. Pressure from business for a 50 point drop was absurd. Ever a 25 point drop for what? Would not hurt to raise the rates that 25 but not now.

Ignored

LOL No demand for government bonds, massive debt build up (a trillion a year PLUS thanks to Trump's ludicrous tax cuts at peak cycle), ever increasing deficits even without the massively underfunded pension funds.

The economy doesn't matter, completely irrelevant, this is a fake economy, you can borrow a million dollars, your personal economy will be fantastic but it's unsustainable.

What does matter is that these ridiculous large deficits require low rates, so tax cuts are coming and count on a new round of QE within a year. The US is Japan so the trade of the next 2 decades is long bonds/yields all the way to zero.

The Fed has your back Gat !!!!!!!!

gat

Jul 17, 2019 8:40am

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Agree with TraderGER. Nothing indicates any need for a rate cut. i'm hoping a cut is not squandered for no reason. Pressure from business for a 50 point drop was absurd. Ever a 25 point drop for what? Would not hurt to raise the rates that 25 but not now.

Ghass1234

Jul 16, 2019 12:50pm

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Quoting sadeghi

Disliked

{quote} you think why? it's obvious to me and anyone else, because most retails has sold USD against most currencies, hence USD must be up under any conditions. look at GBP, it's really ridiculous, after good data and without any reason went down about160.

Ignored

i think GBP will go up after that . Too much for only talks

auricforecas

Jul 16, 2019 1:24pm

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Whatever they'll/might do... it will come back as a boomerang... just do nothing...
I will trust my prediction model instead... just ignoring this muppet show...

skillz16

Jul 16, 2019 12:04pm

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Everyone on Forex Factory: upp, lower rates of inflation. That means up the interest rates ASAP!

Lolz. SMH.

ministry

Jul 16, 2019 12:37pm

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Gold at 1416 as the pivot area and now is dropping to 1408.

sadeghi

Jul 16, 2019 12:42pm

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Quoting MichaelPro

Disliked

strong usd today , fundamentaly not explained !

Ignored

you think why? it's obvious to me and anyone else, because most retails has sold USD against most currencies, hence USD must be up under any conditions. look at GBP, it's really ridiculous, after good data and without any reason went down about160.

GMD

Jul 16, 2019 12:14pm

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Well I have a few selling trades on USD, so I hope the Rate cut continues

MichaelPro

Jul 16, 2019 12:52pm

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I my view :
-USD will fall from todays high as , the mean usd strength today was just from investors 's Powell expectation.
-No new from Powell unless " uncertainty".
=> So , I expect the Dollar to fall to Todays Lows.