Speeches, Interviews, Essays

“Expectations are for job gains of around 260,000, which would be lower than recent months but very healthy relative to past experience. A jobs number in this range along with the job openings rate reported on Tuesday would show that the labor market is slowing a bit but is still quite tight. As a result,…

Speech Segment “Less of a lag may exist now between rate hikes and the tightening of financial conditions, which occurs as markets anticipate future rate hikes. Residential investment also responds quickly to changes in monetary policy, while consumer spending is slower to react. Lags between monetary policy and inflation are even more unclear. Expectations of…

“We have just done 300 basis points in seven months. So we have very quickly expeditiously adjusted the stance of monetary policy. If you are of the opinion that we got off to a late start, and looking back, I can see we should have started earlier, at the time it seemed okay, but we…

“My preparation for the meeting is identical. Everybody goes to all the meetings, everybody fully participates, everybody makes the recommendation. Then in the last two minutes of the second day of the meeting, at the very end of the meeting, they call a vote. Then the secretary of the FOMC calls out certain names versus…

No economic information was shared. Neel Kashkari interview Jay Clayton, former chairman of the SEC (from 2017 to 2020) about Clayton’s time at the SEC and cyber risk.

“My baseline outlook is for GDP to grow about 1 1/4 percent in the second half of 2022, and about 1 percent in 2023. I think we will end 2022 with an unemployment rate in the neighborhood of 3.7 percent, which is about where we are now and still low by historical standards.” “By some…

No economic information was shared. “We launched the Opportunity & Inclusive Growth Institute in 2017, driven by contradictions we saw in the economy of the Ninth Federal Reserve District. Our region has a remarkably diverse economy and some of the highest educational achievement in the nation, but it also has sharp racial and economic disparities.…

“Amid the overall growth of digital assets, the private sector has invented an array of stablecoins. If these assets’ value is indeed safe and stable, they have the potential to serve as a form of private money—that is, a unit of account, store of value and medium of exchange. But safety and stability are not…

“A well-functioning and secure payment system is vital to our economy. As we modernize the payment system, it is important to remember that the foundation of a successful payment system is the public’s confidence in it: confidence that it will be available whenever the customer needs it; confidence that it will efficiently route and settle…

“We have already seen some indications from survey data, information from transportation hubs, and producer prices that supply bottlenecks have, at long last, begun to resolve … Nonetheless, inflation remains elevated, and this is the problem that concerns me most. Inflation creates economic burdens for households and businesses, and everyone feels its effects. It can…