U.S. Fed's Brainard, George monitoring stock market rout

WASHINGTON - Federal Reserve officials said they were monitoring the U.S. stock market rout on Monday as they assess how renewed trade tensions between the United States and China may impact the economy and the course of monetary policy.

“I am certainly monitoring developments for their implications for the outlook and I will continue to be very attentive to them,” Fed Governor Lael Brainard said at a forum at the Kansas City Fed.While Fed officials says they avoid attaching too much importance to daily market changes, even large ones, sustained declines in stock prices can affect business and household spending plans, and influence how the U.S. central bank views the economy.

Kansas City Fed President Esther George, by contrast, voted against that rate cut, but said on Monday she was also keeping an eye on the market’s reaction to the latest intensification of the U.S.-China trade war. The day’s events show the uncomfortable bind the Fed is in, caught between a U.S. economy that continues to perform relatively well, and Trump administration trade policies that have put financial markets on edge and raised economic risks.

They think they’re going to fix Trump’s sociopathic behavior with a rate cut? Genius.

First notice that QE is now on the docket. Let the countdown begin. Unspinning Wall Street™

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The bond market doesn't believe the Fed cut was one-and-done, says strategistU.S. Treasurys are signaling a lack of faith in the idea that the Fed's first rate cut in a decade isn't the start of a pattern, says Bank of America Merrill Lynch's Paul Ciana.
Source: CNBC - 🏆 12. / 72 Read more »

The bond market doesn't believe the Fed cut was one-and-done, says strategistU.S. Treasurys are signaling a lack of faith in the idea that the Fed's first rate cut in a decade isn't the start of a pattern, says Bank of America Merrill Lynch's Paul Ciana.
Source: CNBC - 🏆 12. / 72 Read more »

U.S. stocks drop most since DecemberU.S. stocks fell the most since December on Monday after China allowed its curre... btc US stocks est une gigantesque arnaque qui se joue entre Trader Banque Bulle Tout est prémédité truqué !! Hate to say I told you so, but... RT reuters: U.S. stocks drop most since December
Source: Reuters - 🏆 2. / 97 Read more »