Craig Torres

1 month ago | news.bloomberglaw.com | Craig Torres |Michael Sasso

Jim Tuchler, a Chicago-area retailer, and Federal Reserve Chair Jerome Powell have a lot in common these days. Tuchler says the turmoil around tariffs has landed him in a maddening “game of chicken,” in which he can only guess what his import-tax bill might be when it actually comes due. His e-commerce site just placed an order from China for “literally $80,000 worth of stockings,” Tuchler says. “Or is it going to cost me, like, $200,000?

1 month ago | news.bloomberglaw.com | Craig Torres |Michael Sasso

Jim Tuchler, a Chicago-area retailer, and Federal Reserve Chair Jerome Powell have a lot in common these days. Tuchler says the turmoil around tariffs has landed him in a maddening “game of chicken,” in which he can only guess what his import-tax bill might be when it actually comes due. His e-commerce site just placed an order from China for “literally $80,000 worth of stockings,” Tuchler says. “Or is it going to cost me, like, $200,000?

1 month ago | bloomberg.com | Maria Eloisa Capurro |Craig Torres

The Marriner S. Eccles Federal Reserve building in Washington. (Bloomberg) -- The Federal Reserve should develop a guiding framework for how it deploys large-scale asset buying, according to an external review of the central bank’s longer-run strategy. The Fed conducts quantitative easing, or the purchase of Treasuries and agency mortgage-backed securities, for two key reasons: to stabilize markets and to stimulate the economy when interest rates are already near zero.

1 month ago | advisorperspectives.com | Craig Torres

Jerome Powell’s determination to ensure any jump in prices stemming from Donald Trump’s tariffs don’t spread through the economy has earned him the moniker “Mr. Too Late” from the president. For the Federal Reserve chair, that’s better than being Mr. Wrong. Only a few months ago, Powell was steering his colleagues and the economy toward a so-called soft landing, a scenario where inflation and interest rates glide lower while unemployment remains low.

1 month ago | hk.news.yahoo.com | Craig Torres

【彭博】-- 為了確保關稅導致的物價上漲不會蔓延到整個經濟，鮑威爾被川普譏諷為「慢吞吞先生」，不過對於這位聯儲會主席而言，慢吞吞總比犯錯誤強。 就在幾個月前，鮑威爾還在引導同僚和經濟朝著所謂「軟著陸」的方向努力。然而，川普推出的大範圍關稅措施打亂了這一前景，市場預期今年美國經濟成長將放緩、通膨將上升。 這促使聯儲會官員調整策略方向，一方面保持利率穩定以壓制通膨，同時準備好在必要時適時降息，以防止勞動力市場崩盤。 「他們寧可晚一點，也不想犯錯，」美國銀行證券公司高級美國經濟學家Aditya Bhave表示。「聯儲會選擇靜觀事態對雙重使命的影響，然後再決定如何行動」。 聯儲會官員預計將在5月6日至7日政策會議上維持利率不變。 近幾周，鮑威爾與多位同僚警告稱，總統加徵進口關稅帶來的通膨影響可能比預期更加持久，聯儲會的職責是確保任何物價上漲控制在有限範圍內。這意味著在失業率未顯著上升的情況下，聯儲會需維持緊縮的貨幣政策立場，以穩定市場對物價的預期。...