Central Banks

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With China's 19th Communist Party Congress off and running the PBOC is out on comments on the Yuan both internal and globally. There has been much talk about monetary policy, shadow banking and using Yuan in oil and commodity markets as the base currency.

Randal K. Quarles has been sworn in a new Federal Reserve Governor to fill a key vacancy on October 13, 2017, to fill an unexpired term ending on January 31, 2018. He was sworn in as Vice Chairman for Supervision on October 13, 2017. His term as Vice Chairman for Supervision ends on October 13, 2021.

Bill Gross, best known as the bond king of PIMCO and now of Janus Henderson Investors said on Monday “I think we have fake markets.” He points the blame squarely at the U.S. Federal Reserve’s loose monetary policy.

San Francisco Fed President John Williams warned Thursday that too much growth could spur an asset bubble and inflation. However he said the long-term trend in annual U.S. economic growth may be as low as 1.5 percent so he doesn't see that happening.

The Reserve Bank of Australia has kept its cash rate on hold at a record low of 1.5%.

Minneapolis Fed President Neel Kashkari starts October with his essay 'My take on inflation'. While it's not a real change from him, he argues that the Fed should NOT be rasing until there in inflation and removing accomadation part of the deflation issue.

Banco de México, Mexico's central bank left its benchmark borrowing rate unchanged at 7% as expected. The vote was unaminous with impacts from recent earthquakes and the inflation risks subsiding. 

St Louis Fed President Bullard playing the role of captain obvious today. He quipped that I am probably the most dovish member of the FOMC and offered equity valuations may be stretched among other gems.

Kansas City Federal Reserve President Esther George is out on the hustings (sorry speaking) in Oklahoma City. She is talking up the Fed, inflation and rate rises. All is good you can rely on the Fed is the message.

Bank of Japan maintained its monetary stimulus and a new dovish member voted against the decision, he was opposed to the CPI outlook.

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