from Yahoo Finance https://ift.tt/3hOiFfp
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BOE’s Bailey Wants to Shrink Balance Sheet Before Rate Hikes
Jun.22 — Bank of England Governor Andrew Bailey signaled a major shift in the central bank’s strategy for removing emergency stimulus, stressing the need to reduce the institution’s balance sheet before hiking interest rates.
Writing for Bloomberg Opinion, Bailey said such a plan would give officials more firepower in future crises. David Goodman reports on “Bloomberg Markets: European Open.”from Yahoo Finance https://ift.tt/2NgoAfd
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SEC Chief Urged to Drop U.S. Attorney Bid Amid Political Battle
Jun.22 — U.S. Securities and Exchange Commission Chairman Jay Clayton was surprised and dismayed by the political battle that quickly erupted over his pending nomination to be the top federal prosecutor in New York, said people familiar with the matter. Derek Wallbank reports on “Bloomberg Daybreak: Europe.”from Yahoo Finance https://ift.tt/3en4cFb
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