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  • Powell: Monetary Policy in a Changing Economy

    From federalreserve.gov

    Thank you for the opportunity to speak here today. Fifteen years ago, during the period now referred to as the Great Moderation, the topic of this symposium was "Adapting to a Changing Economy." In opening the proceedings, then-Chairman Alan Greenspan famously declared that "uncertainty is not just an important feature of the monetary policy landscape; it is the defining characteristic of that landscape."1 On the doorstep of the period now referred to as the Global Financial Crisis, surely few, if any, at that symposium would have imagined how shockingly different the next 15 years would be from the 15 years that ... (full story)

Added at 10:01am

  • Powell sees 'further, gradual' rate hikes ahead as economy continues to hum

    From cnbc.com

    Federal Reserve Chairman Jerome Powell said Friday he expects a slow but steady diet of interest rate increases to continue as the central bank looks to find the right recipe between promoting growth and controlling excesses. In his closely watched speech at the Fed's annual Jackson Hole, Wyoming retreat, Powell expressed confidence in the economy and said he does not see inflation getting out of hand. As a result, the current trajectory the Fed has been following since December 2015 is likely to change so long as there aren't any significant changes to economic trends. The central bank, he said, is focused squarely ... (full story)

powell say fuck off to trump
Quoting chaoshydra
powell say fuck off to trump
And market says fuck off to Powell...
Everyone can see the chart, but only a few can actually read it.
And Mr. T and Powell says f**k off each other
and fuck off all Stoploss
ZiG-ZAG Jimmicks Work start ?
pls.. what is the take from the speech on 1) trump and FED 2) two more rate hikes in 2018 3) trade dispute effects on US and global economy and 4) may be prospects of US economy on long-run say 2019 and 2020
sell eurusd.. i hope this helping.. daily resist
Its just a knee jerk reaction, USD will turn very bullish.
Swing and Intraday
why are the markets moving at all? is he saying anything new I am missing?
Quoting ALgamerz
sell eurusd.. i hope this helping.. daily resist
Nothing Hope for $ as well as rate hike,so all SL hunting then back to pavillion ?
Question to all smart people; when Treasury pay back the FED $10 trillion, is the FED getting $10 trillion richer + the interests?
he is the Trump.. the blooody President who making US Friendless. So no worries. He has huge record to Expell top officials now time for the Fed president
Quoting ForeverNewb
why are the markets moving at all? is he saying anything new I am missing?
ya nothing new,market overreacted
Quoting Ken A
Question to all smart people; when Treasury pay back the FED $10 trillion, is the FED getting $10 trillion richer + the interests?
hello Ken

can you please elaborate more your point of view here ? thank you in advance
"only the strong survive"
Quoting Madara.
{quote} hello Ken can you please elaborate more your point of view here ? thank you in advance
The FED prints the dollar then lends it to US government (Treasury), at some point (maturity of the loan) the money will have to return to the FED + interests. So is the FED getting richer?
Quoting Georginson
Its just a knee jerk reaction, USD will turn very bullish.
If we close today below 95, it will drop towards and below 90 within weeks. Even if not, it will drop, but may take longer.
Everyone can see the chart, but only a few can actually read it.
Samson says dowish: https://www.forexfactory.com/showthread.php?p=11404515#post11404515
I expected the speach should bull USD but not happening yet. Particularly expect GBPUSD to revert to its bearish trend. Any hint on why cable still looking up?
TheCoach
Quoting OnlineAddict
{quote} If we close today below 95, it will drop towards and below 90 within weeks. Even if not, it will drop, but may take longer.
The bullish nature of USD has been dominant due to aggressive rate hikes and growing economy, why other major economies are flattering to deceive. In the short run usd still remains bullish but I see a fight back from Pound once the brexit air clears.
Swing and Intraday
Quoting OnlineAddict
{quote} If we close today below 95, it will drop towards and below 90 within weeks. Even if not, it will drop, but may take longer.
That's right
Quoting OnlineAddict
{quote} If we close today below 95, it will drop towards and below 90 within weeks. Even if not, it will drop, but may take longer.
How is your bet going ?
Quoting barkie
{quote} How is your bet going ?
Didn't lose yet.
Everyone can see the chart, but only a few can actually read it.
See on DXY . H&S for the second leg on progress
Quoting OnlineAddict
{quote} Didn't lose yet.
hahaha I knew it !

Quoting OnlineAddict
{quote} Do you have the balls to make a bet or are you just trolling around? You say 1.15 and I say 1.45, deal? For $1000?
Quoting barkie
DEAL !!! Now, go look up what a triangle is then you understand why you just lost 1000 bucks.
It seems the course is the same as he has said before. I don't understand the market reaction.
Quoting Ken A
Question to all smart people; when Treasury pay back the FED $10 trillion, is the FED getting $10 trillion richer + the interests?
If the Treasury pay back the FED $10 trillion worth of US treasury securities (as of august its 2.36 trillion) then the FED would reduce its balance sheet's assets and liabilities by $10 trillion each. Interest earned is part of the central banks income.
I suppose a simple answer would be no the FED isn't getting $10 trillion richer?
Attached Image
EURUSD LL FALL AND LL START FALL NORMALLY NEXT WEEK.US DOLLAR 💰💰💰💰💰💰💰STILL STRONG
https://www.marketwatch.com/investing/index/dxy/charts
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Quoting Ken A
{quote} The FED prints the dollar then lends it to US government (Treasury), at some point (maturity of the loan) the money will have to return to the FED + interests. So is the FED getting richer?
The Fed prints the dollars then buys the bonds off the market to increase their balance sheet and increase the cash in the economy to try boost inflation, normally when your not quantitative easing the fed facilitates the market purchasing of US government debt through posting bond sales, they dont print money always. Under QE the fed bought bonds with printed money and to reduce their balance sheet they will letr those bonds mature and yes the treasury will make money off the interest rate but destroy the money hat gets paid back to reverse QE and make the money supply smaller. But the fed after accounting for expenses actually pays the government their revenues, the fed has a profit and loss statement and balance sheet statement which you can read. They pay alot for staff costs they must be all millionaires working at the fed.
Quoting Guest
{quote} The Fed prints the dollars then buys the bonds off the market to increase their balance sheet and increase the cash in the economy to try boost inflation, normally when your not quantitative easing the fed facilitates the market purchasing of US government debt through posting bond sales, they dont print money always. Under QE the fed bought bonds with printed money and to reduce their balance sheet they will letr those bonds mature and yes the treasury will make money off the interest rate but destroy the money hat gets paid back to reverse...
Who are the FED shareholders?
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