Speeches, Interviews, Essays

Transcript not available (link to interview provided). https://www.bloomberg.com/news/videos/2022-05-10/fed-s-mester-on-rate-hikes-inflation-and-economy-video

Transcript not available (link to interview provided). https://finance.yahoo.com/news/atlanta-fed-president-raphael-bostic-yahoo-finance-transcript-may-2022-200803137.html

“The plan draws on our experience from October 2017 through August 2019 when the FOMC reduced the balance sheet of some of the assets that had been purchased in the wake of the Great Recession. But there are some important differences. Last time, runoff caps were initially set at $6 billion per month for Treasuries…

Transcript not available (link to interview provided). https://www.cnbc.com/2022/05/09/feds-kashkari-confident-inflation-can-weaken-but-not-without-pain.html

Transcript not available (link to interview provided). https://www.bloomberg.com/news/videos/2022-05-09/fed-s-bostic-on-rates-path-market-volatility-economy-video

Commencement Speech – Economy wasn’t mentioned. “That brings me back to where I started. Do more than just get ahead in your career—improve people’s lives. As you climb the ladder and navigate whatever journey yours turns out to be, bring others along. And as you do, make sure you find joy in that journey. Today…

Utah Valley University commencement speech, more inspirational than economic.

“So, if I think we are close to neutral now, what does that mean for monetary policy going forward?” “First, at a minimum, the FOMC must follow through on the forward guidance of federal funds rate increases and balance sheet reduction that we have already signaled in order to validate the repricing that has taken…

“Credible forward guidance means market interest rates have increased substantially in advance of tangible Fed action. This provides another definition of “behind the curve,” and the Fed is not as far behind based on this definition.” “In light of the forward guidance that has been given by the Fed since the fourth quarter of 2021,…

“First, I want to emphasize that forecasting is hard for everyone, especially in a pandemic. In terms of missing on inflation, policymakers’ projections looked very much like most of the public’s. For example, as shown in table 1, the median SEP forecast for 2021 Q4/Q4 PCE inflation was very similar to the consensus from the…