Chinese Tech Companies Quietly Stop Doing Business With Russia

tweet at 9:44am: @FrankElderson: We are planning to end our net asset purchases soon, in the third quarter of this year. They have worked well and helped our inflation outlook to stabilise around 2% in the medium term #AskECB https://t.co/mh2P1aGioj

tweet at 10:08am: *KASHKARI SAYS FED MUST FOLLOW THROUGH ON ITS FORWARD GUIDANCE tweet at 10:10am: FED'S KASHKARI: MY OWN ESTIMATE OF THE NEUTRAL RATE REMAINS AT 2%.Policy Has Tightened a Lot. Is It Enough? An important question for monetary policymakers is, What policy stance, including the current setting of the federal funds rate, the current size and composition of the Fed’s balance sheet, and the expected paths of the funds rate and balance sheet, represents “neutral” — neither stimulating nor restraining the economy? In our Summary of Economic Projections (SEP), the participants in the Federal Open Market Committee (FOMC) estimate the longer-run level of the federal funds rate — that is, the overnight nominal interest rate that best represents neutral in the longer run, once the various shocks that are hitting the economy have passed. We cannot observe the neutral funds rate directly; we can only estimate it. My own estimate of the nominal neutral funds rate is 2.0 percent, and the range of estimates in the most recent SEP among FOMC participants is from 2.0 percent to 3.0 percent.