(US) Fed's Fisher (hawk, alternate on FOMC): Argued against the Fed's decision last week not to taper; decision not to taper hurt Fed credibility- Banks remain too big to fail and pose a risk to the US economy and could easily see SIFIs at the center of another future crisis; coddling the largest banks is a lingering problem. - Asset quality is showing slow and steady improvement. banks are showing continued improvement in profitability. - Bank lending is improving, but small business lending remains weak. - Q&A: - The White House has badly mishandled the Fed chairman succession. There should not be a public debate over the next Fed chairman. - Yellen is a good person, would make a great chairman but her policy views are wrong. - Fed should never be a political instrument. - Would like to stop adding to the Fed balance sheet, take "a little booze out of the punchbowl." - Was a very close, tough decision on whether or not to taper. I am not alone in wanting to dial back QE. - Chairman should hold a press conference after every FOMC meeting. - Would favor trimming monthly QE asset purchases by $10B - Reiterates that the taper is data dependent. - Source TradeTheNews.com
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Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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