2017-10-03 18:39:00 Tue ET
federal reserve monetary policy treasury dollar employment inflation interest rate exchange rate macrofinance recession systemic risk economic growth central bank fomc greenback forward guidance euro capital global financial cycle credit cycle yield curve
President Trump has nominated Jerome Powell to run the Federal Reserve once Fed Chair Janet Yellen's current term expires in February 2018. Trump's strategic decision is unlikely to disturb the current roaring stock market. Powell will probably maintain monetary policy continuity with a dovish stance of slow and gradual interest rate acceleration. This dovish stance not only extends the gradual interest rate hike, but also accommodates sluggish manufacturing work recovery, low wage growth, and wider diffusion of digital technology usage in America.
The Trump administration targets 3% GDP growth and 2% inflation for household and corporate tax incentives to meet fiscal neutrality. Powell has risen to the challenge of competing with several contenders for the top post of Federal Reserve: Janet Yellen (incumbent), John Taylor (Stanford professor), Gary Cohn (White House chief economist), and Kevin Warsh (former governor). Powell's inclination toward more pervasive financial deregulation is a primary advantage for Trump's calculus. Others warn that the likely imbalance between inflation containment and employment growth may cause distortions in the U.S. economy. In essence, monetary policy continuity trumps contractionary monetary policy normalization under the current Trump administration.
If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.
2019-12-07 11:30:00 Saturday ET
China turns on its 5G telecom networks in the hot pursuit of global tech supremacy. China Telecom, China Unicom, and China Mobile disclose 5G fees of $18-$2
2020-02-26 09:30:00 Wednesday ET
Goldman Sachs follows the timeless business principles and best practices in financial market design and investment management. William Cohan (2011) M
2019-09-15 14:35:00 Sunday ET
U.S. Treasury officially designates China a key currency manipulator in the broader context of Sino-American trade dispute resolution. The U.S. Treasury cla
2020-09-15 08:38:00 Tuesday ET
Macro eigenvalue volatility helps predict some recent episodes of high economic policy uncertainty, recession risk, or rare events such as the recent rampan
2025-01-31 09:26:00 Friday ET
The current homeland industrial policy stance worldwide seeks to embed the new notion of global resilience into economic statecraft. In the broader cont
2018-11-15 12:35:00 Thursday ET
Warren Buffett approves Berkshire Hathaway to implement new meaningful stock repurchases. Buffett sends a positive signal to the stock market with the Berks