- Gold Silver Reports

Federal Reserve Is Sued, Accused of Limiting Competition – Gold Silver Reports

Last Updated On September 7, 2018 9:04 AM by Neal Bhai

Gold Silver Reports (GSR) — A former Federal Reserve official is suing the Fed for blocking his plan to create a new kind of bank, saying it is putting the interests of big Wall Street banks ahead of their large customers.

The lawsuit, filed in federal court last week, accuses the Fed chairman, Jerome H. Powell, of preventing the new bank, known as TNB USA, from operating. James McAndrews, who filed the lawsuit, asserts Mr. Powell directed Fed staffers to withhold permission for his bank to open an account at the Federal Reserve Bank of New York — a necessary precursor for TNB USA to open its doors.

President Trump hints to WSJ that Trade Fight with Japan Could be Next

Last Updated On September 7, 2018 6:14 AM by Neal Bhai

✅ During a phone call with President Donald Trump, WSJ columnist James Freeman noted that the president sounded “still very focused on eliminating trade deficits with America’s trading partners.”

China Ready to Impose Retaliatory Tariffs on $60 Billion worth of US goods

Last Updated On September 6, 2018 6:18 PM by Neal Bhai

The Trump administration may be about to slap tariffs of up to 25 percent on an additional $200 billion in Chinese goods, escalating a confrontation between the world’s two biggest economies and likely squeezing US companies that import everything from handbags to bicycle tires.

Feds Evans: Economic Fundamentals Strong, Labor Market Still Improving

Last Updated On August 10, 2018 6:00 AM by Neal Bhai

Speaking to Reporters : –

Fed’s Evans speaks to reporters and his comments are a bit hawkish:

✅ economy generating inflation close to Feds 2% goal

✅ sees Fed becoming restrictive in 2020 but could be 2019

✅ trade tariffs adding some uncertainty

Powell Lauds Economy as Fed Nudges Up Interest-Rate Hike Path

June 14, 2018 6:10 AM by Neal Bhai

Gold Silver Reports (GSR) – Powell Lauds Economy as Fed Nudges Up Interest-Rate Hike Path — Federal Reserve officials raised interest rates for the second time this year and upgraded their forecast to four total increases in 2018, as unemployment falls and inflation overshoots their target faster than previously projected.