Speeches, Interviews, Essays

Fed Funds “Obviously, I too was surprised by the big jobs number. It tells me that so far, we’re not seeing much of an imprint of our tightening to date on the labor market. There’s some evidence that it’s having some effect, but it’s pretty muted so far. I haven’t seen anything yet to lower…

“To conclude, I’ve focused today on using the tools we have to address discrimination in lending, supporting communities, and developing products and services to meet customer needs. As I said at the outset, these are complex problems with no easy solutions, but we have an obligation to do our part. One final important role we…

No Transcript Available If a stronger-than-expected economy persists, “It’ll probably mean we have to do a little more work,” Bostic told Bloomberg News in a phone interview on Monday. “And I would expect that that would translate into us raising interest rates more than I have projected right now.” Bostic said the committee could also…

An Academic Speech – No Economic Information was Covered. “This suggests that in reality, the U.S. economy—despite its complexity—does not seem to follow the types of slow adjustment paths emphasized in some of the earlier literature.” “I will suggest that the rapid convergence observed in the U.S. data could occur if there is substantial communication…

No Transcript Available “The biggest surprise — and the thing to take the most signal from — is the combination of the job gains over the past month and the restatement over the past year,” Thomas Barkin, the president of the Federal Reserve Bank of Richmond, said in an interview with The New York Times.…

Fed Funds “The number today on the jobs report was a “wow” number, but the trend was not surprising.  We knew that the labor market was strong, has been strong, despite the fact that the economy overall has been slowing. And, so right now I see the December SEP that we had in our last…

Sufficiently Restrictive “And it is our judgment that we’re not yet at a sufficiently restrictive policy stance, which is why we say that we expect ongoing hikes will be appropriate.” Overtightening – Rate Cuts Almost Mentioned “I continue to think that it’s very difficult to manage the risk of doing too little and finding out…

No economic information was shared.

Fed Funds “The Federal Reserve is absolutely committed to bringing inflation back to our 2 percent target.  And we’re doing that by adjusting our monetary policy. Last year, we raised the target for the federal funds rate to between 4.25 percent and 4.5 percent. That was a significant move, and a very fast one, given…

Inflation “So the direction, I think, is a good one. Inflation is still well above the Fed’s target, and so to be true to that price stability mandate, it looks like we’ll have to be a little more patient to see if we’re on the right trend, and going to be there more convincingly to…