Speeches, Interviews, Essays
Michael Barr, Speech: Regarding Crypto Related Activities
Q&A Segment The economy/monetary policy was not covered. “I do think this is a really critical moment for us and for the public and for Congress to take a step back and look at the risks and benefits of crypto asset related activity broadly. We have just gone through an experience that did not cause…
Read MoreJerome Powell, Speech/Q&A: Semiannual Monetary Policy Report to Congress (House)
Fed Funds “Again, we have not made any decision about the March meeting. We’re not going to do that until we see the additional data. The larger point though is that we’re not on a preset path and that we will be guided by the incoming data and the evolving outlook.” “Yeah, as I said…
Read MoreJerome Powell, Speech/Q&A: Semiannual Monetary Policy Report to Congress (Senate)
Q&A Segment — Inflation “We’ll be watching very, very carefully though at the larger service sector, which is 56% of consumer spending and more than that of what of what’s currently inflation. That’s one thing, we’ll be watching that very carefully. Also, we raised rates very quickly last year and we know that if monetary…
Read MoreMary Daly, Speech: Forward-Looking Policy in a Real-Time World
Q&A Segment Inflation Monetary Policy Lags: “So on the long and variable lags, we use that terminology, long and variable lags, because that’s what policy is. You put it in the pipeline, and then it used to take a while for it even to trickle through to all financial markets. And then it would take…
Read MoreTom Barkin, Speech: What’s Keeping Inflation Elevated?
Inflation “The question of when inflation gets back to normal is an important one for policy, so I want to spend some time on it. Some believe this will happen pretty quickly. Until a recent upward spurt, that’s where markets were.” Returning prices to the stability of the last 30 years will likely take a…
Read MoreMichelle Bowman, Speech: Panel on ‘Design Issues for Central Bank Facilities in the Future’
The economy (and monetary policy) was not covered in this speech. — “Finally, while it is important to consider the design of central bank tools to address future episodes of severe financial market dysfunction, it is also important for central banks and other agencies to ensure that regulations and market oversight foster prudent financial institution…
Read MoreSusan M. Collins, Speech: Women’s Leadership Conference with the Vermont Bankers Association
Inflation “I’ll note that there have been some modest improvements in inflation, mostly due to easing of global supply chain constraints that reduce price pressures on goods. And as lower market rents pass through into overall costs for shelter over time, that part of inflation should also ease. But services inflation excluding shelter remains quite…
Read MoreLorie Logan, Speech: Preventing and Responding to Dysfunction in Core Markets
The economy (and monetary policy) was not covered in this speech. “Core bond markets, such as those for government debt, are crucial to the economy—not only because national governments obtain financing in these markets, but also because these markets are used for implementing monetary policy, provide a safe source of collateral and establish a benchmark…
Read MoreNeel Kashkari, Interview: TESTIFY Talk, Race, Justice and the Economy
No economic or monetary policy discussed. Transcript not available.
Read MoreRaphael Bostic: Interview: Speaking with Reporters
Transcript was not available. Fed Funds Bostic said he’s “firmly in the quarter-point move” camp. “I do think we’re in a period now where it is appropriate for us to be cautious … there is a plausible case to suggest we’re going to see some more robust slowdown” “I’m going to stay open to any…
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