Speeches, Interviews, Essays

Video (and transcript) of the panel discussion are not yet available – speech is summarized below. “The current situation for the U.S. seems to fall more closely under the rubric of a “credible disinflation,” rather than the “incredible disinflation” experienced by Volcker.” “Since modern central banks have more credibility than their counterparts in the 1970s,…

Video (and transcript) of the panel discussion are not yet available – speech is summarized below. Inflation “Inflation remains too high, and recent data – including several strong labor market indicators, as well as faster than expected retail sales and producer price inflation – all reinforce my view that we have more work to do,…

Inflation – Referencing “Managing Disinflations” Paper “The authors’ first takeaway, based on past disinflation episodes in the United States and abroad, is that policymakers should expect that disinflation will be costly in terms of foregone output or employment. They find that all 16 of the large policy-induced disinflations in the four advanced economies they study…

Video (and transcript) are not yet available.

A conversation about careers and the Federal Reserve, no economic or monetary policy information was shared. “So here’s how I approach making tough decisions. We have voracious curiosity. So that’s evidence, talking to people, models, data, history, put it all together, rigorous, rigorous evidence about how can we do our best work? Then we make…

Williams gave a brief overview of the economy, talked about inflation in detail and discussed the balance sheet.  Video (and transcript) are not yet available.

Fed Funds “Yeah, I think the 5%, I think we are going to have to get north of 5%. Right now, I’m still at five and three-eighths.” “Five and three-eighths. So we’ve got a little ways to go here and I’ve argued that, hey, let’s get to where we want to go, and then from…

Print only, no video or meeting transcript available. Fed Funds “Moving inflation back to target will require more rate increases.  How many of those, I think we’ll have to see.” 25bps or 50bps “I like the 25 basis point path because I believe it gives us the flexibility to respond to the economy.” Inflation “I…

Print only, no video or meeting transcript available. Fed Funds “I think there’s a long way to go before we reach our 2% inflation objective and I think we’ll have to continue to raise the federal funds rate until we see a lot more progress on that.” Pause Asked what she would need to see…

Jobs “The imbalance between labor demand and supply will need to continue to shrink to alleviate wage pressures. Since there is little reason to think that labor force participation will increase significantly in the coming months, labor demand will need to moderate further to reduce the imbalance. I expect that with the economy growing well…