Fed Chair Powell reiterates in testimony to Congress that the Fed will do what it can and for as long as it takes to support the recovery, while he added that many economic indicators show a marked improvement but despite improvement from depth of crisis, the path ahead for economy remains highly uncertain. (Newswires)
Fed's Kaplan (voter, dissented hawkishly against FOMC language) expects zero rates will be appropriate for the next 2.5-3 years and believes the costs of the new low rate commitment was now worth the benefits, while he is concerned about excess risk taking. (Newswires)
US President Trump said he will announce SCOTUS pick on Friday or Saturday and that the shortlist is down to five, while the final vote should happen before November 3rd election. However, later reports noted the list for SCOTUS nominee has been narrowed down to two candidates: federal appellate judges Amy Coney Barrett of the 7th Circuit, in Chicago, and Barbara Lagoa of the 11th Circuit, in Atlanta, according to sources. (Newswires/WSJ)
US House of Representatives file legislation to fund US government through December 11th and it does not include USD 21.1bln the White House sought for farm incomes, as expected. Furthermore, the US House bill proposes USD 14bln in funding for struggling US airports in its stopgap funding bill and an aide stated that the House expected to vote on the Stopgap funding bill on Tuesday. (Newswires)
US GOP Senators Wicker and Collins introduced legislation for USD 28bln in assistance to airlines to avert thousands of layoffs in the industry when existing support expires in October. (Newswires)
Fed's Kaplan (voter, dissented hawkishly against FOMC language) expects zero rates will be appropriate for the next 2.5-3 years and believes the costs of the new low rate commitment was now worth the benefits, while he is concerned about excess risk taking. (Newswires)
US President Trump said he will announce SCOTUS pick on Friday or Saturday and that the shortlist is down to five, while the final vote should happen before November 3rd election. However, later reports noted the list for SCOTUS nominee has been narrowed down to two candidates: federal appellate judges Amy Coney Barrett of the 7th Circuit, in Chicago, and Barbara Lagoa of the 11th Circuit, in Atlanta, according to sources. (Newswires/WSJ)
US House of Representatives file legislation to fund US government through December 11th and it does not include USD 21.1bln the White House sought for farm incomes, as expected. Furthermore, the US House bill proposes USD 14bln in funding for struggling US airports in its stopgap funding bill and an aide stated that the House expected to vote on the Stopgap funding bill on Tuesday. (Newswires)
US GOP Senators Wicker and Collins introduced legislation for USD 28bln in assistance to airlines to avert thousands of layoffs in the industry when existing support expires in October. (Newswires)