Heard on The Street: Fed Speak

June 20, 2017 Share Print 0

U.S Treasury Secretary Mnuchin comments from investment summit:

Working to remove trade barriers between US and China –

‘Right Thing’ for Fed to Reduce Balance Sheet

Fed’s Crisis-Era Balance-Sheet Expansion ‘Has to Be Reversed’

Treasury Has Enough Cash to Meet Obligations ‘Through September’

Confident Congress Will Raise Debt Ceiling Before Critical Point

Future Debt Ceiling Increases Should Be Tied to Spending Authorization

Strong Dollar is Vote of Confidence in Economy, Trump Administration

No Decision Yet on Next Fed Chairman, Including Whether Yellen Will be replaced

Not Concerned About Lower U.S. Tax Receipts

Fed’s Rosengren (moderate, non-voter) comments from Amsterdam:

Low rate environment likely to persist into the future; likely to make fighting recessions tougher

Makes No Comment on Economic Outlook

Federal Reserve Bank of Chicago President Charles Evans suggested in a Monday evening speech at New York University that there might just be two rate hikes this year — no additional — and expressed some concern about inflation running below the Fed’s target.

Bank of England (BoE) Governor Carney’s speech at Mansion House London:

Not Yet Time to Raise Interest Rates

Sees Weak Wage Growth Delaying Rate Rises

Also Wants to See Economy’s Response to Brexit Talks

Cites ‘Anemic’ Wage Growth as One Reason to Wait

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Dean Popplewell

Vice-President of Market Analysis at MarketPulse

Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments.
He has a deep understanding of market fundamentals and the impact of global events on capital markets.
He is respected among professional traders for his skilled analysis and career history as global head
of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean
has played an instrumental role in driving awareness of the forex market as an emerging asset class
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