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Chicago Fed president Evans calls U.S. Treasury's decision on Fed programs "disappointing"

  • Says emergency facilities have been very helpful
  • It would be good to have more support coming from all directions
  • Economy is working through the virus
  • Fed has a robust plan for the policy; will keep rates at zero until max employment, 2% inflation
  • Looking at the scale of asset purchases, currently providing tremendous amount of support
  • We are in a pretty good place to see how this will play out with transition, fiscal support and vaccine
  • Says he's looking towards the spring to see how things will go


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21:22 27.11.2020
Key events for next week: China, eurozone, Britain and the United States PMI's, RBA interest rate decision, eurozone consumer price index, Canada and Australia GDP, United States and Canada unemployment rate, USA and Canada trade balance
On Monday, at 00:00 GMT, New Zealand will release ANZ's business confidence indicator for November. Also at this time, Australia will present inflation data from MI for November. At 00:30 GMT, Australia will announce changes in the volume of operating profit of companies for the 3rd quarter and the volume of lending to the private sector for October. At 01:00 GMT, China will publish the PMI for the manufacturing sector and the non-manufacturing activity index for November. At 05:00 GMT, Japan
18:33 27.11.2020
U.S.: Janet Yellen, one of the best to be in charge if another financial crisis blows up - Capital Economics
FXStreet notes that this week the markets were buoyed by the news that President-elect Joe Biden intends to nominate Janet Yellen to be Treasury secretary but, economists at Capital Economics suggest that, while she is eminently qualified, her lack of political deal-making experience could be an Achilles heel.“Without question, Janet Yellen, the ex-Fed Chair and academic economist, will have a very close working relationship with current Fed Chair Jerome Powell, which will presumably include