{"id":35303,"date":"2018-06-20T09:04:43","date_gmt":"2018-06-20T14:04:43","guid":{"rendered":"http:\/\/olduvai.ca\/?p=35303"},"modified":"2018-06-20T09:04:43","modified_gmt":"2018-06-20T14:04:43","slug":"watch-live-the-worlds-top-3-central-bankers-discuss-whats-next","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=35303","title":{"rendered":"Watch Live: The World&#8217;s Top 3 Central Bankers Discuss What&#8217;s Next"},"content":{"rendered":"<div id=\"block-zerohedge-page-title\" class=\"block block-core block-page-title-block\">\n<h3 class=\"page-title\"><a href=\"https:\/\/www.zerohedge.com\/news\/2018-06-20\/watch-live-worlds-top-3-central-bankers-discuss-whats-next\"><span class=\"field field--name-title field--type-string field--label-hidden\">Watch Live: The World&#8217;s Top 3 Central Bankers Discuss What&#8217;s Next<\/span><\/a><\/h3>\n<\/div>\n<div id=\"block-zerohedge-content\" class=\"block block-system block-system-main-block\">\n<article class=\"node node--type-article node--view-mode-full\" role=\"article\" data-gtm-vis-recent-on-screen-2077925_22=\"1768\" data-gtm-vis-first-on-screen-2077925_22=\"1768\" data-gtm-vis-total-visible-time-2077925_22=\"100\" data-gtm-vis-has-fired-2077925_22=\"1\">\n<div class=\"node__content\">\n<div class=\"clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item\">\n<p><strong>Update: <\/strong>Powell has maintained his hawkish tone from last week&#8217;s press conference with his comments in Sintra on the labor market and monetary policy. He expressed confidence in the US economy and said &#8220;the case for continued gradual rate hikes is strong.&#8221;<\/p>\n<p>According to CitiFX&#8217;s market commentary, its traders highlighted one dovish remark when Powell was speaking about the uncertainty surrounding the NAIRU: &#8220;Natural rate estimates have always been uncertain, and may be even more so now as inflation has become less responsive to the unemployment rate&#8230;as I mentioned, a tight labor market could draw more people into the labor force.&#8221;<\/p>\n<p>Here are the headlines:<\/p>\n<ul>\n<li>POWELL SAYS CASE FOR CONTINUED GRADUAL RATE HIKES IS `STRONG&#8217;<\/li>\n<li>POWELL: JOB MARKET TO STRENGTHEN FURTHER, SUPPORT WAGE GROWTH<\/li>\n<li>FED&#8217;S POWELL REMARKS IN TEXT OF SPEECH AT ECB FORUM IN PORTUGAL<\/li>\n<li>POWELL: INFLATION HAS MOVED UP CLOSE TO FED&#8217;S 2% GOAL<\/li>\n<li>POWELL: U.S. ECONOMY PERFORMING VERY WELL<\/li>\n<li>POWELL SAYS GRADUAL RATE-HIKE CASE `BROADLY SUPPORTED&#8217; ON FOMC<\/li>\n<li>POWELL: YET TO SEE INFLATION STAY NEAR GOAL ON SUSTAINED BASIS<\/li>\n<li>POWELL: U.S. FISCAL POLICY TO ADD TO DEMAND OVER NEXT FEW YEARS<\/li>\n<\/ul>\n<p>* * *<\/p>\n<p>European Central Bank President Mario Draghi, Fed Chairman Jerome Powell and Bank of Japan Governor Haruhiko Kuroda will appear on a policy panel Wednesday that&#8217;s set to begin at 15:30 CET (that&#8217;s 10:30 am ET). They will be joined by Philip Lowe, the Governor of the Reserve Bank of Australia. The panel is <a href=\"https:\/\/www.ecb.europa.eu\/pub\/conferences\/html\/20180618_ecb_forum_on_central_banking.en.html\">the last big event<\/a> of the 2018 ECB annual forum on central banking, which was held in Sintra, Portugal and featured the theme <strong><em>&#8220;price and wage-setting in advanced economies.&#8221;<\/em><\/strong><\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/2018-06-20_6-08-15.jpg?itok=ZzAlee9V\" data-image-external-href=\"\" data-image-href=\"\/sites\/default\/files\/inline-images\/2018-06-20_6-08-15.jpg?itok=ZzAlee9V\" data-link-option=\"0\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/2018-06-20_6-08-15.jpg\" srcset=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/styles\/inline_image_desktop\/public\/inline-images\/2018-06-20_6-08-15.jpg?itok=ZzAlee9V 1x\" alt=\"\" width=\"500\" height=\"327\" data-entity-type=\"file\" data-entity-uuid=\"70617ff7-b953-4366-a21e-2fe57a7defda\" data-responsive-image-style=\"inline_images\" \/><\/a><\/p>\n<p>Of course, there is likely to be disagreement among the 4 (or 3 big guys) as Kuroda remains pedal to the metal on his easing policies (despite the stealth tapering), Draghi has started to adjust to a tightening regime, and Powell is in full normalization mode.<\/p>\n<p>All of which is ironic given that all three\u00a0 face notable demises in their recent economic data&#8230;<\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/2018-06-20_6-16-35.jpg?itok=aCW0Ejz-\" data-image-external-href=\"\" data-image-href=\"\/sites\/default\/files\/inline-images\/2018-06-20_6-16-35.jpg?itok=aCW0Ejz-\" data-link-option=\"0\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/2018-06-20_6-16-35.jpg\" srcset=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/styles\/inline_image_desktop\/public\/inline-images\/2018-06-20_6-16-35.jpg?itok=aCW0Ejz- 1x\" alt=\"\" width=\"500\" height=\"262\" data-entity-type=\"file\" data-entity-uuid=\"2a32c282-7e7e-4e4f-bd9f-3ff2ef20b678\" data-responsive-image-style=\"inline_images\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p><em>Watch the panel live below:<\/em><\/p>\n<div class=\"max-width-video-wrapper\">\n<div class=\"fluid-width-video-wrapper\"><iframe id=\"fitvid27679\" src=\"https:\/\/www.youtube.com\/embed\/hyLow3nYn_Y\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Watch Live: The World&#8217;s Top 3 Central Bankers Discuss What&#8217;s Next Update: Powell has maintained his hawkish tone from last week&#8217;s press conference with his comments in Sintra on the labor market and monetary policy. He expressed confidence in the US economy and said &#8220;the case for continued gradual rate hikes is strong.&#8221; According to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[57,85,124,233,282,303,2854,16888,1044,3650],"class_list":["post-35303","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bank-of-japan","tag-boj","tag-central-banks","tag-ecb","tag-european-central-bank","tag-fed","tag-haruhiko-kuroda","tag-jerome-powell","tag-mario-draghi","tag-us-federal-reserve"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/35303","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35303"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/35303\/revisions"}],"predecessor-version":[{"id":35304,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/35303\/revisions\/35304"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}