Speeches, Interviews, Essays

Inflation “What is driving our rate increases right now is inflation, and we are starting to see signs, early signs that inflation is starting to move down.” 25bps Rate Hike “At this point, we can go at a pace of 25 (basis-point rate hikes) and get inflation under control without doing undue damage to the…

“Before diving into today’s talks, which will touch on various parts of the crypto ecosystem, I’d like to clearly define some concepts to ensure we’re all talking about the same things. I think of the crypto ecosystem as consisting of three parts:” “So far, spillovers to other parts of the financial system from the stress…

Inflation “On the inflation side, most estimates are that it takes another six to 12 months before these demand pullbacks quiet the rate of inflation. With demand slowing but still resilient, labor markets healthy and the added and unfortunately enduring shock of the war in Ukraine, it shouldn’t be a surprise that inflation — while…

Fed Funds “The vast majority of my colleagues put in the funds rate ending this year between 5 and 5 ½ percent, with quite a few at 5 to 5 ¼ – 5 ¼ to 5 ½, I mean, my view is that still seems a very reasonable view of what we’ll need to do…

Fed Funds “There’s the transition period that we’re going through right now, which is where most of my colleagues, I think, have said they expect the federal funds rate to get above 5% at some point this year. Could it go higher than that? Certainly possible, it could go higher than that. We will all…

Transcript unavailable, excerpts from news stories are below. 25bp Rate Hikes Speaking to the Joint Center for Political and Economic Studies, Fed Governor Lisa Cook said “it is appropriate to move in smaller steps while we assess the effects of our cumulative tightening in the economy and inflation.” Recession (Soft Landing) Cook also said the…

No economic information was shared by either Bostic or Barr.  Hour long discussion was not transcribed.

Fed Funds “The big picture is that the U.S. economy is adjusting well so far to the higher interest rates that are necessary to rein in inflation. But inflation remains quite elevated, and so more needs to be done. Although economic activity slowed in 2022, I expect the Fed will need to keep a tight…

Inflation “The message we were sending at the FOMC meeting last Wednesday was really that the disinflationary process, the process of getting inflation down, has begun. And it’s begun in the goods sector, which is about a quarter of our economy. But it has a long way to go. These are the very early stages…

Jobs “It tells me that we still have more work to do. But we’re not seeing much of an impact of the hikes that we’ve done over the last year yet showing up on the job market. We want Americans to find work. We want their wages to be strong, but right now the labor…