Tag Archives: Federal Reserve

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Powell to Ponder Hawkish Tone in FOMC Debut: Decision Day Guide

Author: , Post Date: March 21, 2018

Excerpt below: The FOMC in December estimated 2.5 percent economic growth this year, though that was prior to passage of the $300 billion spending package. Powell told Congress this month the economy was “strong” and tax cuts would add “meaningfully to growth.” In the FOMC statement, the committee could be conflicted about what to say […]

A First Look

Author: Robert Eisenbeis, Ph.D., Post Date: March 3, 2018
Cumberland Advisors Market Commentary by Robert Eisenbeis, Ph.D.

As a part of his first semiannual monetary policy report to Congress, Chairman Powell made an appearance this week before both the House Financial Services Committee and Senate Banking Committee to discuss monetary policy and the state of the economy. How did he do? First, his statement was short and sweet, hitting just the high […]

Piggy Bank

Author: Robert Eisenbeis, Ph.D., Post Date: February 13, 2018
Cumberland Advisors Market Commentary by Robert Eisenbeis, Ph.D.

One of the characteristics of a struggling republic is the inability to separate its central bank’s resources from the fiscal largesse of the federal government. Using central bank resources to avoid addressing funding of the government is a sure path to runaway inflation, economic decline, and periodic financial crisis. Take the example of Argentina, whose […]

Both Administrations Claim Economy But It’s Yellen’s: Eisenbeis Weighs In

Author: , Post Date: February 2, 2018
Cumberland Advisors on Bloomberg Radio

Bob Eisenbeis, Vice Chairman and Chief Monetary Economist at Cumberland Advisors, and Former Director of Research at the Atlanta Fed, on the FOMC meeting and thoughts on the potential Fed Vice Chairman. Shira Ovide, Bloomberg Gadfly columnist covering technology, rounds up the big tech earnings including Apple, and Amazon. David Ritter, Payments and Specialty Finance […]

Potential Fed Vice Chairman

Author: Robert Eisenbeis, Ph.D., Post Date: January 21, 2018
Cumberland Advisors Market Commentary by Robert Eisenbeis, Ph.D.

Reports are that John Williams, president of the Federal Reserve Bank of San Francisco, has been targeted as a potential candidate for Fed vice chairman. President Williams is scheduled to vote as one of the five sitting reserve bank presidents on the FOMC in 2018. What would his appointment mean as far as the Fed […]

New Fed to Be ‘A Tad More Hawkish,’ Says Eisenbeis

Author: , Post Date: January 9, 2018
New Fed to Be 'A Tad More Hawkish,' Says Robert Eisenbeis Ph.D. – Bloomberg

Robert Eisenbeis, vice chairman at Cumberland Advisors, talks about potential choices to serve as Federal Reserve Vice Chairman and how changes at the Fed can impact monetary policy. He speaks on “Bloomberg Markets: European Close.”  Direct link to video: https://www.bloomberg.com/news/videos/2018-01-09/new-fed-to-be-a-tad-more-hawkish-says-eisenbeis-video

December 2017 FOMC Minutes

Author: Robert Eisenbeis, Ph.D., Post Date: January 5, 2018
Cumberland Advisors Market Commentary by Robert Eisenbeis, Ph.D.

On Wednesday, the Fed released the minutes of the FOMC’s December meeting.  As usual, the minutes followed the standard format, mirroring the way presentations and discussions proceed at FOMC meetings.  It began with a brief summary report by the manager of the Open Market Desk in New York.  There were only two notable pieces of […]

Christopher Whalen Interview: Bob Eisenbeis on Seeking Normal at the Fed

Author: David R. Kotok, Post Date: December 15, 2017
Cumberland Advisors' Bob Eisenbeis

Our chief monetary economist, Bob Eisenbeis discussed the Fed with Chris Whalen this week. Below, we reproduce the entire interview courtesy of Chris and The Institutional Risk Analyst. David R. Kotok Chairman and Chief Investment Officer Email | Bio In this issue of The Institutional Risk Analyst, let’s first ponder last week’s revelations that the […]