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31.07.26 - 23:24
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Warsh Reportedly Considering Reducing Number of Fed Meetings (Bloomberg)
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Federal Reserve Chairman Kevin Warsh is considering reducing the frequency of the central bank's scheduled policy meetings, the New York Times reported Friday.
Warsh raised the proposal to change the frequency of meetings at this week's gathering of the Federal Open Market Committee, the paper added.
Bloomberg Managing Editor Kate Davidson said changing the schedule would be the biggest change for Warsh. (Source: Bloomberg)...
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31.07.26 - 22:12
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Fed Needs Clear Inflation Target and Messaging, Clarida Says (Bloomberg)
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Former Federal Reserve Vice Chairman Richard Clarida joins Scarlet Fu and Tom Keene on "Bloomberg Money" to discuss this week's Fed decision, Chairman Kevin Warsh's communication decisions and the increased divergence in the K-shaped economy. Clarida is currently a global economic adviser for Pimco. (Source: Bloomberg)...
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31.07.26 - 21:39
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US Treasury Informed Banks It May Intervene In Japan′s Yen, As Market Laughs At BOJ′s Own Attempts To Prop Up Currency (ZeroHedge)
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US Treasury Informed Banks It May Intervene In Japan's Yen, As Market Laughs At BOJ's Own Attempts To Prop Up Currency
While the BOJ understandably refuses to admit it spent a record $140BN (across all markets, $90BN on EBS) to briefly manipulate the Japanese yen higher...
... ahead of yet another disappointing (non-rate hike) decision (according to some calculations, Japan's central bank is about 100 bps of rate hikes behind to stop the ongoing collapse of the yen), others are less shy.
According to Reuters, similar to the last failed intervention by Japan and citing "a source familiar with the matter", the US Treasury informed a number of banks that it may intervene in the Japanese yen market on Friday and that they should "stand ready for future action."
The notice to banks, channeled through the Federal Reserve Bank of New York, comes a day after Japanese authorities stepped in to prop up the yen, setting the currency up for its biggest weekly rise since Febr...
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