A question among friends arose this week will the ECB or the Fed restart QE first The ECB seems to face an epochal economic threat that may demand QE quicker

A review of the latest Beige Book suggests reasons to expect a hawkish tone from tomorrow s Fed announcement 8211 and perhaps more particularly in the presser that follows the

The Federal Reserve has announced it was withdrawing from the Green Blob 8211 otherwise known as the Network of Central Banks and Supervisors for Greening the Financial System NGFS The

When the central bank loses money on its QE portfolio the resulting payment moves from the public sector broadly defined to the private sector This boosts private sector wealth It

Coinciding with my article yesterday on possible postponement cancellation of Basel 3 Endgame in the US under Trump the UK s PRA jumped the gun and announced it too sees

Last week Michael Barr the Federal Reserve s vice chair for banking supervision resigned This was unexpected 8211 at least to most people His resignation is also consequential for capital