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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
FED
Concurrent with the Powell Q&A, there's a lesser-watched confirmation hearing in the Senate for Lisa Cook, Philip Jefferson, and Adriana Kugler.
- Two of those are already on the FOMC and "known quantities": Cook's term expires in 2024 but she's been nominated for a 14-year extension; Jefferson is set to take Brainard's Vice Chair spot.
- But Kugler (a labor economist, and US representative to the World Bank) will be a new FOMC voter if she is confirmed as a Governor as expected.
- It's doubtful there will be any major revelations as to her hawkish-dovish leanings today, in keeping with previous Senate hearings (she's quoted by wires as saying both sides of the Fed's mandate are critical).
- Kugler will probably enter our Hawk-Dove matrix as a "neutral" dot upon her confirmation, with the Board already fairly well-balanced between the more hawkish leaning (Waller, Bowman) and those who lean dovish (Williams, Jefferson).
Source: MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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