The Conference Board: Grab a deal this weekend because prices are headed higher from tariffs

Chinese made jackets are displayed for sale at a Manhattan department store on May 07, 2019 in New York City. But after all the holiday specials fade, U.S. consumers could be in for a surprise: higher prices. The policy exempted those cargo ships already on their way to the U.S., but the higher rates would apply to any goods that departed following the announcement. According to the Office of the U.S. Trade Representative, nearly 6,000 categories of Chinese goods that come into the U.S. will now


Chinese made jackets are displayed for sale at a Manhattan department store on May 07, 2019 in New York City. But after all the holiday specials fade, U.S. consumers could be in for a surprise: higher prices. The policy exempted those cargo ships already on their way to the U.S., but the higher rates would apply to any goods that departed following the announcement. According to the Office of the U.S. Trade Representative, nearly 6,000 categories of Chinese goods that come into the U.S. will now
The Conference Board: Grab a deal this weekend because prices are headed higher from tariffs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: steve odland, erik lundh
Keywords: news, cnbc, companies, weekend, grab, tariffs, deal, conference, set, board, rates, come, 10th, york, headed, prices, higher, macys, high, chinese, goods


The Conference Board: Grab a deal this weekend because prices are headed higher from tariffs

Chinese made jackets are displayed for sale at a Manhattan department store on May 07, 2019 in New York City.

American retailers are working hard to leverage this Memorial Day weekend to boost sales. Heavyweights like Amazon, Target, Macy’s, and Home Depot all have big promotional plans to accomplish this.

But after all the holiday specials fade, U.S. consumers could be in for a surprise: higher prices.

On May 10th, the White House announced that it was raising the tariff rates on a range of Chinese imports from 10% to 25%. The policy exempted those cargo ships already on their way to the U.S., but the higher rates would apply to any goods that departed following the announcement.

The freighters that set sail after the 10th are nearing America’s shores, with many set to arrive next week. According to the Office of the U.S. Trade Representative, nearly 6,000 categories of Chinese goods that come into the U.S. will now face higher duties. Worth about $200 billion in total, they encompass a diverse group of items ranging from televisions to handbags, high tech to high fashion.

Retailers like Walmart and Macy’s already have warned that these tariffs – and others that may come later this year – may result in higher prices for their customers. The degree to which this occurs, however, will depend on how well they are able to respond.


Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: steve odland, erik lundh
Keywords: news, cnbc, companies, weekend, grab, tariffs, deal, conference, set, board, rates, come, 10th, york, headed, prices, higher, macys, high, chinese, goods


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Mortgage refinances surge 8%, as rates fall to the lowest level since January 2018

The walking robot that could soon be delivering your packagesIt’s not fast and may be years from visiting your neighborhood, but a walking robot is part of Ford’s vision for how its autonomous vehicles deliver packages and goods in the…Technologyread more


The walking robot that could soon be delivering your packagesIt’s not fast and may be years from visiting your neighborhood, but a walking robot is part of Ford’s vision for how its autonomous vehicles deliver packages and goods in the…Technologyread more
Mortgage refinances surge 8%, as rates fall to the lowest level since January 2018 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-22  Authors: diana olick
Keywords: news, cnbc, companies, vision, fall, thetechnologyread, packagesits, refinances, surge, mortgage, level, vehicles, soon, rates, 2018, robot, packages, neighborhood, walking, visiting, lowest


Mortgage refinances surge 8%, as rates fall to the lowest level since January 2018

The walking robot that could soon be delivering your packages

It’s not fast and may be years from visiting your neighborhood, but a walking robot is part of Ford’s vision for how its autonomous vehicles deliver packages and goods in the…

Technology

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Company: cnbc, Activity: cnbc, Date: 2019-05-22  Authors: diana olick
Keywords: news, cnbc, companies, vision, fall, thetechnologyread, packagesits, refinances, surge, mortgage, level, vehicles, soon, rates, 2018, robot, packages, neighborhood, walking, visiting, lowest


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Potential Fed nominee Judy Shelton wants a change in the way interest rates are set

Potential Federal Reserve nominee Judy Shelton thinks the central bank ought to pay more attention to financial markets when setting interest rates. Already an economic advisor to President Donald Trump, Shelton has been mentioned frequently as a possible candidate for a Fed governor position. If she did get the nomination and was confirmed, Shelton said she’d bring a different perspective when it comes to how rates are set.


Potential Federal Reserve nominee Judy Shelton thinks the central bank ought to pay more attention to financial markets when setting interest rates. Already an economic advisor to President Donald Trump, Shelton has been mentioned frequently as a possible candidate for a Fed governor position. If she did get the nomination and was confirmed, Shelton said she’d bring a different perspective when it comes to how rates are set.
Potential Fed nominee Judy Shelton wants a change in the way interest rates are set Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-21  Authors: jeff cox
Keywords: news, cnbc, companies, potential, shed, nominee, ratesalready, shelton, setting, president, fed, trump, set, wants, way, judy, reserve, rates, thinks, interest


Potential Fed nominee Judy Shelton wants a change in the way interest rates are set

Potential Federal Reserve nominee Judy Shelton thinks the central bank ought to pay more attention to financial markets when setting interest rates.

Already an economic advisor to President Donald Trump, Shelton has been mentioned frequently as a possible candidate for a Fed governor position. If she did get the nomination and was confirmed, Shelton said she’d bring a different perspective when it comes to how rates are set.


Company: cnbc, Activity: cnbc, Date: 2019-05-21  Authors: jeff cox
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Gold steadies as equities dip; focus turns to Fed minutes

Spot gold inched up 0.1% to $1,278.41 per ounc, having touched its lowest since May 3 at $1,273.22. “With equities trading lower, gold is expected to trade a little higher going into the Fed minutes on expectations that there is no immediate rate increase coming for the rest of the year,” said Bob Haberkorn, senior market strategist at RJO Futures. Gold tends to appreciate on expectations of lower interest rates, which reduce the opportunity cost of holding non-yielding bullion. “We have equitie


Spot gold inched up 0.1% to $1,278.41 per ounc, having touched its lowest since May 3 at $1,273.22. “With equities trading lower, gold is expected to trade a little higher going into the Fed minutes on expectations that there is no immediate rate increase coming for the rest of the year,” said Bob Haberkorn, senior market strategist at RJO Futures. Gold tends to appreciate on expectations of lower interest rates, which reduce the opportunity cost of holding non-yielding bullion. “We have equitie
Gold steadies as equities dip; focus turns to Fed minutes Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-20
Keywords: news, cnbc, companies, dollar, ounce, steadies, focus, equities, trade, twoweek, touched, gold, dip, trading, turns, fed, minutes, rates, lower


Gold steadies as equities dip; focus turns to Fed minutes

An amphora filled with ancient gold Roman coins found in the Cressoni theatre complex is seen in Como Italy, September 5, 2018.

Gold steadied on Monday after recovering slightly from a more than two-week low hit earlier in the session, as equity markets fell ahead of the U.S. Federal Reserve’s release of minutes from its last meeting.

Spot gold inched up 0.1% to $1,278.41 per ounc, having touched its lowest since May 3 at $1,273.22.

U.S. gold futures settled $1.50 higher at $1,282.90.

“With equities trading lower, gold is expected to trade a little higher going into the Fed minutes on expectations that there is no immediate rate increase coming for the rest of the year,” said Bob Haberkorn, senior market strategist at RJO Futures.

Investors shifted focus to the Fed minutes due on Wednesday, which is expected to provide insights into the May 1 central bank meeting in which policymakers decided to keep interest rates steady and signaled little appetite to adjust them any time soon.

Gold tends to appreciate on expectations of lower interest rates, which reduce the opportunity cost of holding non-yielding bullion.

Global stocks took a hit as concerns mounted about an escalating fallout from a U.S. crackdown on China’s Huawei Technologies Co Ltd, intensifying a prolonged trade war between the world’s two biggest economics.

The greenback limited bullion’s appeal as the dollar index held near a two-week high. Last week the index posted the biggest weekly rise since early March, supported by robust U.S. housing data and a report pointing to lower unemployment.

“We have equities trading lower with all the geo-political news out there, yet gold can’t sustain any rally. There seems to be a flight to safety into the dollar because of the better economic data coming out of the U.S.,” Haberkorn said.

While gold is a safe store of value during times of uncertainty, investors are preferring the dollar, as they did last year during the U.S.-China trade spat.

Iran was served a new warning by U.S. President Donald Trump, who tweeted that if the country wanted to fight, that would be Iran’s “official end.”

On the technical side, “$1,265 is now a critical support that must hold. A daily close below that region implies a much deeper correction could be imminent,” OANDA analyst Jeffrey Halley said in a note.

Among other metals, silver was up 0.5% at $14.47 an ounce, having touched a more than five-month low at $14.33.

Platinum edged 0.1% lower at $812.40 per ounce, while palladium rose 1.5% to $1,329.90.


Company: cnbc, Activity: cnbc, Date: 2019-05-20
Keywords: news, cnbc, companies, dollar, ounce, steadies, focus, equities, trade, twoweek, touched, gold, dip, trading, turns, fed, minutes, rates, lower


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Fed’s Neel Kashkari says rate hikes ‘were not called for’ and that policy has been ‘too tight’

In an unusually harsh rebuke of central bank actions, Kashkari said the central bank shouldn’t have tightened monetary policy with inflation so low. “In my view, these rate increases were not called for by our symmetric framework,” Kashkari said during a speech in Santa Barbara, California. He based his position on a job market that is still growing even though wage gains are still tame, and inflation is averaging around 1.6%. Even with the low rate, another gauge that includes discouraged worke


In an unusually harsh rebuke of central bank actions, Kashkari said the central bank shouldn’t have tightened monetary policy with inflation so low. “In my view, these rate increases were not called for by our symmetric framework,” Kashkari said during a speech in Santa Barbara, California. He based his position on a job market that is still growing even though wage gains are still tame, and inflation is averaging around 1.6%. Even with the low rate, another gauge that includes discouraged worke
Fed’s Neel Kashkari says rate hikes ‘were not called for’ and that policy has been ‘too tight’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-16  Authors: jeff cox
Keywords: news, cnbc, companies, inflation, hikes, feds, policy, rates, neel, low, market, job, tight, fed, kashkari, rate, called, target


Fed's Neel Kashkari says rate hikes 'were not called for' and that policy has been 'too tight'

The Federal Reserve erred by raising interest rates during the recovery, part of a policy implementation that misread key signals and threatened to send the economy into recession, Minneapolis Fed President Neel Kashkari said Thursday.

In an unusually harsh rebuke of central bank actions, Kashkari said the central bank shouldn’t have tightened monetary policy with inflation so low. Instead, he said, the policymaking Federal Open Market Committee should be signaling that it will allow inflation to run higher than the 2% target, a move that would send a clear signal that the Fed is serious about stimulating the economy.

The FOMC hiked rates nine times starting in December 2015 as part of an effort to normalize policy following the extreme accommodations made during and after the financial crisis and Great Recession. Those hikes came even as inflation stayed well below the Fed’s goal.

“In my view, these rate increases were not called for by our symmetric framework,” Kashkari said during a speech in Santa Barbara, California.

The remarks came as part of a review the Fed is doing of its framework and the approach it has taken to jolting the economy back to life.

They also jibe closely with sentiments from the White House. President Donald Trump has repeatedly criticized the rate hikes and has said the economy would be much stronger had the Fed backed off.

While acknowledging the aggressive measures the central bank took — bringing its target rate down to near-zero and implementing three rounds of asset purchases that took its balance sheet to $4.5 trillion — Kashkari said the Fed should have kept its foot on the pedal.

He based his position on a job market that is still growing even though wage gains are still tame, and inflation is averaging around 1.6%.

“With inflation somewhat too low and the job market still showing capacity after 10 years, the only reasonable conclusion I can draw is that monetary policy has been too tight in this recovery,” he said.

Kashkari said one of the main problems was that Fed officials didn’t see how low unemployment could go without generating inflation. The current unemployment rate is at 3.6%, the lowest reading in nearly 50 years.

“I believe that we misread the labor market, thinking we were at maximum employment when, in fact, millions of Americans still wanted to work, and fearing that if we hit maximum employment, inflation might suddenly accelerate, and we would then have to raise rates quickly to contain it,” he said.

“The headline unemployment rate has been giving a faulty signal,” he added.

Even with the low rate, another gauge that includes discouraged worker and those holding part-time positions for economic reasons remains at 7.3%, reflective of slack remaining in the job market.

Kashkari said the lesson from the tightening cycle is that the Fed probably will want to be even more aggressive with policy in the next downturn. Evidence of tightening too fast came in the fourth quarter of 2018, when markets feared the Fed would continue raising rates and reducing its balance sheet and sold off aggressively.

“Perhaps we’d have achieved maximum employment already if monetary policy had been more accommodative,’ he said, adding that “by raising rates more quickly than called for by our symmetric framework, we ran the risk of overtightening and causing a recession. Markets signaled this risk with the steep drop in bond yields and equity prices late last year. The FOMC’s quick adjustment to pause further rate hikes was appropriate and, thankfully, seems to have mitigated this risk for now.”

However, he said he fears what may happen next time if the Fed doesn’t do a better job of listening to economic and market signals.

“For our current framework to be effective and credible, we must walk the walk and actually allow inflation to climb modestly above 2 percent in order to demonstrate that we are serious about symmetry,” Kashkari said. “Make-up strategies such as price-level targets offer this attractive feature. But we must honestly ask ourselves: If we felt compelled to raise rates when inflation was below target in this recovery, would we really keep rates low when inflation is above target next time? Count me as skeptical.”


Company: cnbc, Activity: cnbc, Date: 2019-05-16  Authors: jeff cox
Keywords: news, cnbc, companies, inflation, hikes, feds, policy, rates, neel, low, market, job, tight, fed, kashkari, rate, called, target


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Trump says if Fed cuts interest rates, US will win trade war: ‘It would be game over, we win!’

President Donald Trump predicted Tuesday that China’s next move in the trade war will be a rate cut, and he pushed the Federal Reserve to follow suit in what he said would lead to a clear victory for the U.S. He said that should the central bank meet a China rate cut with one of its own, that would be “game over, we win!” The White House and Beijing have hit an impasse in their ongoing trade negotiations. Washington is looking for a lowering of barriers into China and for the nation to halt the


President Donald Trump predicted Tuesday that China’s next move in the trade war will be a rate cut, and he pushed the Federal Reserve to follow suit in what he said would lead to a clear victory for the U.S. He said that should the central bank meet a China rate cut with one of its own, that would be “game over, we win!” The White House and Beijing have hit an impasse in their ongoing trade negotiations. Washington is looking for a lowering of barriers into China and for the nation to halt the
Trump says if Fed cuts interest rates, US will win trade war: ‘It would be game over, we win!’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: jeff cox
Keywords: news, cnbc, companies, war, worth, winthe, trump, latest, cut, rates, fed, rate, trade, interest, china, cuts, president, white, game, washington, win


Trump says if Fed cuts interest rates, US will win trade war: 'It would be game over, we win!'

President Donald Trump predicted Tuesday that China’s next move in the trade war will be a rate cut, and he pushed the Federal Reserve to follow suit in what he said would lead to a clear victory for the U.S.

In a tweet that amounted to the latest salvo in the tariff dispute between the two nations, the president ramped up his pressure on the Fed to ease monetary policy.

He said that should the central bank meet a China rate cut with one of its own, that would be “game over, we win!”

The White House and Beijing have hit an impasse in their ongoing trade negotiations. Washington is looking for a lowering of barriers into China and for the nation to halt the theft of intellectual property. As recent talks stalled, China retaliated against Trump’s latest round of tariffs, announcing plans Monday to slap new levies on $60 billion worth of American goods.


Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: jeff cox
Keywords: news, cnbc, companies, war, worth, winthe, trump, latest, cut, rates, fed, rate, trade, interest, china, cuts, president, white, game, washington, win


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Aussie dollar rallies as central bank holds rates, cut still on the menu

The Australian dollar rallied on Tuesday after the country’s central bank defied pressure for an immediate cut in interest rates, though it left the door wide open for an easing should the jobs market not stay strong. The Reserve Bank of Australia (RBA) ended its monthly policy meeting by keeping rates unchanged at 1.5 percent, where they have been since mid-2016. If the RBA does eventually cut, markets will automatically assume it will go again, as the bank has never moved rates just once and s


The Australian dollar rallied on Tuesday after the country’s central bank defied pressure for an immediate cut in interest rates, though it left the door wide open for an easing should the jobs market not stay strong. The Reserve Bank of Australia (RBA) ended its monthly policy meeting by keeping rates unchanged at 1.5 percent, where they have been since mid-2016. If the RBA does eventually cut, markets will automatically assume it will go again, as the bank has never moved rates just once and s
Aussie dollar rallies as central bank holds rates, cut still on the menu Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-07
Keywords: news, cnbc, companies, market, central, recent, cut, dollar, easing, meeting, rba, holds, menu, rates, bank, markets, rallies, aussie, inflation


Aussie dollar rallies as central bank holds rates, cut still on the menu

The Australian dollar rallied on Tuesday after the country’s central bank defied pressure for an immediate cut in interest rates, though it left the door wide open for an easing should the jobs market not stay strong.

The Aussie dollar popped up almost half a cent to $0.7042 on the decision, giving it a gain for the day of 0.7 percent. It faces tough resistance around $0.7070, however.

The Reserve Bank of Australia (RBA) ended its monthly policy meeting by keeping rates unchanged at 1.5 percent, where they have been since mid-2016.

There had been much speculation it would ease given recent weak inflation outcomes.

Yet the central bank set the conditions for an easing by noting that inflation was too low and unemployment would have to fall further to get it rising.

“The Board … recognized that there was still spare capacity in the economy and that a further improvement in the labour market was likely to be needed for inflation to be consistent with the target,” RBA Governor Philip Lowe said in a statement.

Investors reacted by lengthening the odds on a cut in the next couple of months, though it was fully priced for September.

“The Bank noted that it will be paying close attention to developments in the labour market at its upcoming meetings, so if the unemployment rate doesn’t fall any further, we suspect that the Bank will start to cut,” said Marcel Thieliant, a senior economist at Capital Economics.

Interbank futures had implied a 36 percent chance of a quarter-point cut this week, while 17 of 42 analysts polled by Reuters have tipped an easing with the rest on hold.

The July futures contract now implies a 52 percent probability of an easing, compared to 100 percent before the meeting. August shows a 90 percent chance of a cut.

Australian government bond futures surrendered some of their recent gains, with the three-year contract off 8.5 ticks at 98.685. The 10-year contract fell 5 ticks to 98.2000.

Yields on three-year bonds rose to 1.31 percent, having touched an all-time low of 1.23 percent on Monday.

If the RBA does eventually cut, markets will automatically assume it will go again, as the bank has never moved rates just once and stopped. It eased twice in 2016 and twice in 2015.

The case for more stimulus was underlined by data showing retail sales were surprisingly soft in the March quarter, falling 0.1 percent when adjusted for inflation.

That posed a downside risk to economic growth in the quarter and offset another strong reading on international trade.

Australia’s trade surplus for March beat expectations at A$4.9 billion ($3.43 billion) and set the seal on a record-breaking total of A$14.7 billion for the quarter.

The flood of cash might almost be enough to give the country a current account surplus, the first in modern history.

Across the Tasman Sea, the New Zealand dollar edged up to $0.6614, but was still close to recent lows of $0.6581.

Both it and the Aussie had taken a hit on Monday after U.S. President Donald Trump’s threats of more tariffs on China threatened to derail chances of a trade deal anytime soon and sent stock markets sliding.

The Reserve Bank of New Zealand (RBNZ) holds its policy meeting on Wednesday and again markets are unsure if it will cut rates or hang on for a while longer.


Company: cnbc, Activity: cnbc, Date: 2019-05-07
Keywords: news, cnbc, companies, market, central, recent, cut, dollar, easing, meeting, rba, holds, menu, rates, bank, markets, rallies, aussie, inflation


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Fed’s Clarida says economy is ‘in a very good place’ and backs ‘patient’ approach to rates

Federal Reserve Vice Chairman Richard Clarida said Friday the U.S. economy is strong and interest rate policy is an appropriate place to support growth. Speaking at the Hoover Institution Monetary Policy conference at Stanford University, Clarida endorsed the Fed’s recent policy switch to “patience” in terms of implementing future rate hikes, and to data dependence as opposed to being on a preset course. “The U.S. economy is in a very good place,” the central bank official said in prepared remar


Federal Reserve Vice Chairman Richard Clarida said Friday the U.S. economy is strong and interest rate policy is an appropriate place to support growth. Speaking at the Hoover Institution Monetary Policy conference at Stanford University, Clarida endorsed the Fed’s recent policy switch to “patience” in terms of implementing future rate hikes, and to data dependence as opposed to being on a preset course. “The U.S. economy is in a very good place,” the central bank official said in prepared remar
Fed’s Clarida says economy is ‘in a very good place’ and backs ‘patient’ approach to rates Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: jeff cox
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Fed's Clarida says economy is 'in a very good place' and backs 'patient' approach to rates

Federal Reserve Vice Chairman Richard Clarida said Friday the U.S. economy is strong and interest rate policy is an appropriate place to support growth.

Speaking at the Hoover Institution Monetary Policy conference at Stanford University, Clarida endorsed the Fed’s recent policy switch to “patience” in terms of implementing future rate hikes, and to data dependence as opposed to being on a preset course.

“The U.S. economy is in a very good place,” the central bank official said in prepared remarks. “The unemployment rate is at a 50-year low, real wages are rising in line with productivity, inflationary pressures are muted, and expected inflation is stable.”


Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: jeff cox
Keywords: news, cnbc, companies, backs, place, good, feds, unemployment, terms, vice, rates, rate, approach, policy, university, clarida, wages, patient, economy


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Vice President Pence says the Fed should cut interest rates, reconsider its dual mandate policy

Vice President Mike Pence believes the Federal Reserve should look to cut its benchmark interest rate due to the continued growth of the U.S. economy. “I think it might be time for us to consider lowering interest rates,” Pence told CNBC’s Eamon Javers on Friday. Pence, economic adviser Larry Kudlow and Treasury Secretary Steven Mnuchin have all previously backed Trump’s call to lower interest rates. “I think the president is very interested in bringing fresh ideas to the Federal Reserve board,”


Vice President Mike Pence believes the Federal Reserve should look to cut its benchmark interest rate due to the continued growth of the U.S. economy. “I think it might be time for us to consider lowering interest rates,” Pence told CNBC’s Eamon Javers on Friday. Pence, economic adviser Larry Kudlow and Treasury Secretary Steven Mnuchin have all previously backed Trump’s call to lower interest rates. “I think the president is very interested in bringing fresh ideas to the Federal Reserve board,”
Vice President Pence says the Fed should cut interest rates, reconsider its dual mandate policy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: michael sheetz
Keywords: news, cnbc, companies, inflation, mandate, federal, reconsider, vice, trumps, fed, rates, policy, reserve, pence, dual, looking, consider, president, interest


Vice President Pence says the Fed should cut interest rates, reconsider its dual mandate policy

Vice President Mike Pence believes the Federal Reserve should look to cut its benchmark interest rate due to the continued growth of the U.S. economy.

“I think it might be time for us to consider lowering interest rates,” Pence told CNBC’s Eamon Javers on Friday. “We just don’t see any inflation in this economy at all.”

Pence’s comments fall squarely in line with the rest of President Donald Trump’s confidantes at the White House. Pence, economic adviser Larry Kudlow and Treasury Secretary Steven Mnuchin have all previously backed Trump’s call to lower interest rates.

He also raised the idea that the Fed perhaps should focus on a single mandate, maximizing employment, to make monetary policy, instead of the dual mandate that also includes low inflation. Pence added that a single mandate is not something he and Trump have talked about.

“Back when I was in Congress we had a whole debate about the dual mandate of the Federal Reserve and it might be time for us to consider that again,” Pence said. “By just looking at inflation you make clear … this is exactly the time, not only to not raise interest rates, but we ought to consider cutting.”

Trump is also looking to fill two vacant seats on the Federal Reserve board. But so far the nominees Trump has seriously considered have withdrawn. Conservative pundit Stephen Moore was the latest to step back from Fed consideration on Thursday, following the same path as Herman Cain, who withdrew last month.

“I think the president is very interested in bringing fresh ideas to the Federal Reserve board,” Pence said. “What the president’s really looking for is people that understand the dynamic approach to this economy that he’s been putting into practice.”

Pence added that the president is looking for nominees “who are as fiercely committed to the free market as he is.”

“We’re seeing jobs being created all over the country … [and that] should be an encouragement to every American and also to people that operate our monetary policies,” Pence said.


Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: michael sheetz
Keywords: news, cnbc, companies, inflation, mandate, federal, reconsider, vice, trumps, fed, rates, policy, reserve, pence, dual, looking, consider, president, interest


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Economist John Taylor thinks the Fed is ‘in a better place’ with interest rates

Buffett says no textbook could have predicted the strange economy… This economic environment is one that no one could have seen coming given the current fiscal and monetary conditions, Warren Buffett says. Economyread more


Buffett says no textbook could have predicted the strange economy… This economic environment is one that no one could have seen coming given the current fiscal and monetary conditions, Warren Buffett says. Economyread more
Economist John Taylor thinks the Fed is ‘in a better place’ with interest rates Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: jeff cox
Keywords: news, cnbc, companies, textbook, predicted, sayseconomyread, place, given, fiscal, warren, thinks, rates, fed, economist, seen, monetary, strange, better, taylor, interest, buffett, john


Economist John Taylor thinks the Fed is 'in a better place' with interest rates

Buffett says no textbook could have predicted the strange economy…

This economic environment is one that no one could have seen coming given the current fiscal and monetary conditions, Warren Buffett says.

Economy

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Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: jeff cox
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