EUR/USD
1.14899
-0.102%
Gold
4275.57
0.419%
Oil
73.946
-1.330%
USD/JPY
160.703
0.031%
GBP/USD
1.32555
-0.280%
GBP/JPY
213.025
-0.251%
Real-time News
Kremlin foreign policy advisor: G7 EU leaders insist the war in Ukraine should continue.Russia welcomed the agreement reached between the United States and Iran.Taiwans M2 money supply annual growth rate was 7.83% in May, compared to 6.45% in the previous month.On June 18th, Mike Shedlock, a registered investment advisor at SitkaPacific Capital Management, stated that Warsh was Trumps best choice among all his appointments. In his debut as Federal Reserve Chairman, Warsh didnt rush in with preconceived notions, but instead promised to research better data collection methods. Warsh disliked the "dot plot" guidance, but instead of immediately repealing it, he chose not to submit forecasts. Greenspan, Bernanke, Yellen, and Powell, on the other hand, were all "disasters." Bernanke was the worst, implementing massive quantitative easing, paying interest on reserves, and being a staunch advocate of forward guidance. Warsh wanted to repeal the "paying interest on reserves" policy, a legacy of Bernankes policies. This is a welcome change. Warshs slow and meticulous research-based reform approach is more likely to gain consensus quickly than forceful implementation. At least, Warsh brought about necessary changes. However, not everything is perfect. I strongly criticize Warshs proposed "cut-off mean inflation" indicator, which removes more inflation data than it retains. I also have doubts about his so-called "market-based measure of inflation".Russian President Vladimir Putins secretary, Kobyakov, said: "The energy shortage will only worsen in the coming years."
