Central Banks

Fed’s Rosengren: Biggest concern is if there is global slowdown due to tariffs

Comments from Rosengren:

  • Not sure that US-China trade news alters Fed view of being patient
  • Also notes potential for market reaction to tariffs
  • It is hard to react to trade situation until we have better information
  • Challenge for Fed is how much markets react to tariffs
  • Asset prices are ‘a little frothy’
  • Sept is when Fed is expecting balance sheet run-off to end but that could change based on new information

The Fed has argued that the balance sheet runoff is technical but this comment certainly argues that it’s more nuanced. The criticism about the Fed reacting to financial markets won’t exactly be dampened by these comments.


Articles You May Like

UK finance minister Javid: Want to see lower taxes, that would pay for public services
Gold pushes higher towards key near-term levels amid softer risk flows
LIVE Forex Trading – NewYork Session 20th August 2019
FX option expiries for Tuesday August 20 at the 10am NY cut
EURZAR Slaughter ($200,000 In 2 Weeks) – So Darn Easy Forex™

Leave a Reply

Your email address will not be published. Required fields are marked *