9th May 2024
- Fed’s Collins Says Reaching 2% Inflation Goal May Take Longer
Progress will likely require slower economic growth, she says
‘Methodical perseverance’ will be needed amid uneven progress
https://blinks.bloomberg.com/news/stories/SD6EP5DWRGG0
- New York Fed’s Perli Says Prudent to Slow Balance-Sheet Runoff
Slower pace offers chance for liquidity to be redistributed
Makes sense to slow now amid uncertainty around ample reserves
https://blinks.bloomberg.com/news/stories/SD6ML3DWLU68
- Trump Individual, Estate Tax Cut Renewal to Cost $4.6 Trillion
US deficit in 2024 seen rising closer to $2 trillion, CBO says
CBO Director Swagel sees ‘daunting’ US fiscal outlook
https://blinks.bloomberg.com/news/stories/SD6I82DWX2PS
- House Democrats Quash Ouster of Partisan Foe Speaker Johnson (2)
Reliance on opposition party leaves speaker’s strength unclear
Democratic leader declines to commit to rescuing Johnson again
https://blinks.bloomberg.com/news/stories/SD6VQMT1UM0W
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