Two regional Federal Reserve bank presidents, Loretta Mester of Cleveland and John Williams of San Francisco, dismissed concerns over stumbling stocks on the first trading day of the year and said the U.S. economy’s expansion was on solid ground. “Underlying fundamentals of the U.S. economy remain very sound,” Mester said Monday in an interview on Bloomberg Television. “There’s going to be volatility in the markets, that’s kind of the nature of financial markets.” [Bloomberg]
Everything Is Wonderful, Or Isn’t: European Officials
He said, she said, he said.
New San Francisco Fed President Probably Should Have Been New N.Y. Fed President
But New York decided to hire San Francisco’s old (white, male) president, instead.
Brexit NBD For U.S. Economy: San Fran Fed President Williams
It's basically a non-event (for us).
Market Volatility Leaving Scores Of Porterhouses Untouched
Will no one think of Smith & Wollensky?!
Two Guys Who Don't Have a Say Anymore Say Bond Buying Will Continue Until It Doesn't
It's been a busy day for Federal Reserve presidents: Three of the 12 have made pronouncements today. This morning (really, really early this morning, since he was in Hong Kong), we heard from Chicago's Chuck Evans. Now, we hear from two others, San Francisco's John Williams and Atlanta's Dennis Lockhart, who've just finished their turns on the FOMC, on matters QE.