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Powell and other Fed policymakers have tried to dispel any perception that it could derail the economy by being too aggressive. Stocks leapt higher after Powell signaled he would be open to taking a go-slow approach on rate hikes. In October 2015, when the Yellen Fed was navigating the difficult transition from years of super-low interest rates to a cycle of rate hikes, she got the worst grade of her tenure – an average 2.27 out of 5. The Bernanke Fed did worse, getting a grade of 2.1 in late 2013, when they did not begin to taper the Fed’s bond purchases in September as markets had expected. His grades later recovered as the Fed limited its controversial quantitative easing program tateossian concorde rotating plane cufflink.
BERLIN (Reuters) – Germany’s motor vehicle authority KBA is investigating Daimler on suspicion that 60,000 Mercedes cars were fitted with software aimed at tricking emissions tests, the Bild am Sonntag newspaper reported on Sunday. A spokesman for Daimler, owner of Mercedes-Benz, said the carmaker was reviewing the facts and fully cooperating with the KBA. Bild am Sonntag said the KBA was looking into suspicious software in Mercedes-Benz GLK 220 CDI cars produced between 2012 and 2015, after tests showed they only meet emissions limits when a certain function is activated tateossian concorde rotating plane cufflink.
Since rival Volkswagen admitted in 2015 to cheating U.S. emissions tests, the scandal has spread to other carmakers. Daimler has ordered the recall of 3 million vehicles to fix excess emissions coming from their diesel engines tateossian concorde rotating plane cufflink. Bild am Sonntag said the KBA found that the function it had discovered had been removed during software updates carried out by Daimler. The Daimler spokesman said the company had complied with a process agreed upon with the KBA and German Transport Ministry when updating software for the 3 million recalled vehicles..
WASHINGTON (Reuters) – European Central Bank President Mario Draghi expressed concern on Saturday about the U.S. Federal Reserve’s independence, warning that a loss of its autonomy could undermine the credibility of policy. U.S. President Donald Trump’s nomination of two controversial candidates to the Fed’s board and persistent calls for rate cuts has raised the specter of government interference, challenging a fundamental tenet of modern central banking. “I’m certainly worried about central bank independence in other countries, especially tateossian concorde rotating plane cufflink. in the most important jurisdiction in the world,” Draghi said about the United States..
“If the central bank is not independent, then people may well think that monetary policy decisions follow political advice rather than objective assessment of the economic outlook,” he told a news conference. Governments from Turkey to India and the United States have put increasing pressure on their central banks in recent months, igniting a debate about the value of independence tateossian concorde rotating plane cufflink. But some argue that unconventional policy, used widely now, redistributes wealth, so monetary policy makes increasingly political decisions and thus requires increased political scrutiny..