ECB's Nagel Affirms Current Interest Rates are Optimal Following June Review

WARSH SAYS INTEREST RATES SHOULD BE THE MAIN FOCUS OF MONETARY POLICY. WARSH WANTS POLICY CHOICES TO INFLUENCE BALANCE SHEET MANAGEMENT. Fed's Chair Warsh: Balance sheet should be as small as possible, and can expand when there's a crisis. Fed's Chair Warsh: I would like us to have a leaner, meaner balance sheet. FED CHAIR WARSH Q&A: DON'T WANT TO SHARE COMMUNICATIONS WITH TRUMP; WILL SHARE FUTURE NOTICES OF COMMUNICATIONS WITH TRUMP PER LAW; NO TRUMP PRESSURE ON MONPOL SO FAR #Warsh #FederalReserve #economy

The Producer Price Index for final demand fell 0.3 percent in June, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices advanced 0.6 percent in May and 1.1 percent in April. (See table A.) On an unadjusted basis, the index for final demand increased 5.5 percent for the 12 months ended in June. The June decline in the ...

ECB’s Kocher: no secondary effects observed at present The ECB will take appropriate action to ensure inflation returns to 2% in the medium term, Kocher said.