MNI: PBOC Net Drains CNY98 Bln Via OMO Thurs; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1305 Thurs; -0.79% Y/Y

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1305 THURS VS 7.1312

MNI NBP WATCH: Rates Held As 2024 Outlook Remains Hawkish

MNI BRIEF: ADP's Richardson Sees Pockets of Weakness in US Job Market

MNI: SWISS JUN UNEMPLOYMENT -0.9% M/M, +22.8% Y/Y

Australia May Exports +2.8%; Imports +3.9%

MNI:AUSTRALIA MAY TRADE BALANCE A$+5773

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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Powell on Renomination & Fiscal Stimulus - Q&A Ends

FED

Qs on his renomination - was the hawkish pivot something to do with the timing of your renomination by the President? Why didn't you push back against fiscal stimulus in March?

  • A: We got the ECI reading just before the November meeting, labor market 2 days after, CPI after that - 10 days before the President made a decision, so it had nothing to do with that. My colleagues were already out talking about a faster taper "and that doesn't happen by accident".
  • Re fiscal, I didn't push back at all, that's not our job, we're not the CBO or elected by anybody. We make our own assessments inside the Fed but it's not our role.
  • Q&A Ends
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