Posts tagged 'Jon Hilsenrath'

Fed(wire) to the rescue

From the WSJ’s Jon Hilsenrath:

Disappointing U.S. economic data, new strains in financial markets and deepening worries about Europe’s fiscal crisis have prompted a shift at the Federal Reserve, putting back on the table the possibility of action to spur the recovery. Read more

Fedwire says keep an eye on Williams, who is handy with a printer

Fedwire says we should be watching John Williams, the San Francisco Fed governor who this year becomes a voting member of the FOMC. Jon Hilsenrath says even before taking this role, Williams “has been one of the quiet voices at the Fed pushing for the move” — the move, that is, to begin publishing the Fed’s internal forecasts:

Mr. Williams highlighted the idea in a speech in September in Zurich, a few weeks before Fed Chairman Ben Bernanke did the same, foreshadowing the central bank’s move in this direction. Read more

Fed ‘may signal low rates into 2014′

The WSJ says Fed officials have grown increasingly uncomfortable with their August statement that they are likely to hold short-term rates exceptionally low at least through mid-2013, and some believe low inflation and high unemployment could warrant low rates into 2014 or beyond. Changes to the central bank’s communications policy will be discussed at the next FOMC meeting in late January, and the WSJ says “there is a good chance” the Fed will begin publishing a range of their forecasts for rates along with their quarterly economic projections, instead of offering a specific date for the timing of rate increases. Read more

At home with Ben

We’ve marvelled many times at Jon Hilsenrath’s extraordinary ability to mind meld with the most powerful man in global finance —  Ben Bernanke (in case you were wondering).

How else to explain the string of scoops explaining the Fed’s thinking in the lead up to crucial FOMC meetings or get-togethers at Jackson Hole. Read more

The Fed hath spoken

The Fed has been talking for some time about, er, how it talks. And writes.

According to Fedwire, a move to more explicit communication of the central bank’s long-term goals looks like being finalised early next year — and it could be quite explicit indeed: Read more

Fed officials downplay imminent easing

Two Federal Reserve officials sought to play down market expectations that the central bank will move quickly to provide further monetary easing, says the WSJ. James Bullard, president of the Federal Reserve Bank of St. Louis, said Thursday that recent data on the economy had been surprisingly strong and ”it’s reasonable to think” there would be a pause until at least 2012. Richard Fisher, president of the Federal Reserve Bank of Dallas, dismissed talk of the Fed cutting the rate charged on emergency loans from its discount window. Read more

Breaking on FedWire…

This is getting ridiculous.

At this rate there won’t be any point logging on to read the FOMC minutes on Wednesday evening. FedWire, the unofficial/official news service of the Federal Reserve, has done such a comprehensive briefing the market on what to expect that there can’t possibly be any surprises… can there? Read more

Fedwire

You’ve heard of Pestowire and Kleinmanwire.

Well, our US cousins have a similar service. Edited by the Wall Street Journal’s Jon Hilsenrath, it’s called Fedwire and it brings you all the news, views and gossip from the world’s most powerful central bank. Read more

Low for longer in the USA?

The Federal Reserve’s war against falling inflation continues.

The latest from the Wall Street Journal’s Fed-watcher Jon Hilsenrath: Read more

Decoding the Fed Deep Throat

There’s no need to read the minutes of the last FOMC meeting when they are published next week. The WSJ’s Jon Hilsenrath has saved everyone the trouble with an extremely detailed piece on the August 11 gathering.

It describes at some length the divisions and views of the 17 member committee and how they arrived at the decision to stop the Fed’s $2,000bn stock of mortgage debt and Treasury holdings from shrinking any further. Read more