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MNI BRIEF: Fed's Goolsbee Wants 'A Lot' More Months Like May

(MNI) WASHINGTON

Chicago Fed President says the central bank is going to get a lot of data between now and the September and December meetings.

LATEST INSIGHT

MNI INTERVIEW2: Cut BOE Capital Losses From Goals - Saunders

Former BOE MPC member Michael Saunders talks to MNI about the BOE's gilt run-off and fiscal space.

MNI INTERVIEW: Quarterly Fed Cuts To Start In Dec - Reinhart

MNI speaks to Vince Reinhart, former director of the Fed's division of monetary affairs, about the latest Fed decision.

Political Risk

Hunter Biden Criminal Conviction Unlikely To Damage President Biden

A new survey from Ipsos has found that Hunter Biden’s criminal conviction on felony gun charges is unlikely to damage President Biden presidential campaign.

  • Ipsos: “…most Americans believe Hunter Biden should have to spend time in prison for lying about his drug use in order to buy a gun. Most Republicans and independents agree on this, but most Democrats say Hunter Biden should not have to spend time in prison. Ultimately, though, most Americans say Hunter Biden’s guilty verdict has no impact on their decision to vote for President Joe Biden, Hunter Biden’s father.”
  • The survey findings echo similar polls which followed former President Donald Trump's criminal conviction in Manhattan, downplaying the political significance of the verdict.

Figure 1: “How do Hunter Biden’s Legal Troubles Affect Likelihood of Voting for Joe Biden?”

Source: Ipsos

WH Hochstein To Travel To Israel Monday To Calm Tensions w/Hezbollah

Barak Ravid at Axios reporting that US President Joe Biden's Middle East envoy, Amos Hochstein, will travel to Israel Monday to address a recent escalation of tensions between Israel and Lebanon-based Hezbollah.

  • Ravid notes: "Hochstein will arrive in Israel on Monday in an effort to prevent the recent escalation between Israel and Hezbollah from turning into an all out war, two Israeli officials told me."
  • NYT reported yesterday: "Hezbollah replied on Thursday to Israeli airstrikes in Lebanon with what the Israeli military called Hezbollah’s most serious rocket and drone assault in more than eight months of hostilities.
  • "It was the second straight day of ramped-up attacks in a conflict that has raised fears of a full-fledged war, even as Israel continued to press its military offensive against Hamas in the Gaza Strip."
  • ABC noted today: "Iran-backed Hezbollah militants launched dozens of rockets Friday in a third day of retaliation for the killing of a senior commander. The Israeli military said approximately 35 projectiles were identified."
  • French President Emmanuel Macron revealed yesterday, in remarks at the G7 summit in Italy, that France, the US, and Israel have agreed to work trilaterally to push a roadmap to defuse tensions between Israel and Hezbollah.
  • Israel Defence Minister Yoav Gallant responded on X today: "As we fight a just war, defending our people, France has adopted hostile policies against Israel. In doing so, France ignores the atrocities committed by Hamas against Israeli children, women and men. Israel will not be a party to the trilateral framework proposed by France."

MNI Interview With Former Philadelphia Fed President

  • MNI interviews former Philadelphia Fed President Charles Plosser -- On MNI Policy MainWire now, for more details please contact sales@marketnews.com

Former MPC Member Saunders on the BOE's Gilt Runoff

  • Two-term former Monetary Policy Committee member Michael Saunders talks about the BOE's gilt runoff -- On MNI Policy MainWire now, for more details please contact sales@marketnews.com

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