Speeches, Interviews, Essays

“So, as we expeditiously return monetary policy to a more neutral stance to get inflation closer to our 2 percent target, I plan to proceed with intention and without recklessness. We have seen throughout the pandemic that events and market shifts can happen quickly and in ways that dramatically alter the prevailing economic dynamic, in…

Commencement Remarks – no references to current economic issues

Welcoming Remarks only, no economic information was covered. “The Federal Reserve works for all of us, and our research and analysis must reflect the specific needs and circumstances of all of our communities. I am grateful for our partnership with the National Center for American Indian Enterprise Development, and I want to thank you, as…

“So we’ve got two policies. The interest rate is our main policy trigger. We were basically at zero, we’ve now moved about to 1% and I think we’ve got a little more to go over the next several months. And again, but the goal being inflation has got to come down. Right now it’s in…

“Across the spectrum of these supply constraints is growing concern about the persistence of these issues. As the efficiency of just-in-time production and global networks gives way to the accumulation of unproductive inventories and a preference for resiliency over efficiency, the damage could prove permanent. These effects are compounded by a war that has had…

“The more we can front-load, and the more we can get inflation and inflation expectations under control, the better off we’ll be,” Bullard said. “Then, in out years, ’23 and ’24, we could be lowering the policy rate.”

Transcript not available (link to interview provided). https://video.foxbusiness.com/v/6306543668112#sp=show-clips

Transcript not available (link to interview provided). https://www.cnbc.com/2022/05/19/fed-isnt-focused-on-impact-of-rates-on-stocks-esther-george-says.html

“Well, we’ve been discussing the state of the economy and inflationary pressures for quite some time, and the committee has definitely coalesced around moving off the effect of lower bound. We’ve already begun doing that, and, as Chair Powell said, we’re going to be moving expeditiously towards something much more like a neutral fed funds…

“Going forward, if there are no significant changes in the data in the coming weeks, I expect two additional 50 basis point rate hikes in June and July. After that, I anticipate a sequence of increases in the funds rate at a measured pace until we are confident that inflation is moving toward the Committee’s…