Speeches, Interviews, Essays

A 5/15/23 interview in the hallway of the Atlanta Fed’s Financial Markets Conference, which is the Atlanta Fed’s signature policy and research event, convenes leading experts to discuss emerging financial market issues and their monetary policy implications.

A 5/15/23 interview in the hallway of the Atlanta Fed’s Financial Markets Conference, which is the Atlanta Fed’s signature policy and research event, convenes leading experts to discuss emerging financial market issues and their monetary policy implications.

A 5/15/23 interview in the hallway of the Atlanta Fed’s Financial Markets Conference, which is the Atlanta Fed’s signature policy and research event, convenes leading experts to discuss emerging financial market issues and their monetary policy implications.

A commencement address.  Monetary policy and the economy were not mentioned. “One of my barriers was exactly 60 feet long. You see, when I was a Girl Scout, playing softball, it became clear slowly—and I mean that literally—that I did not have—let’s put this delicately—running ability. I could run, but it was more like a…

Press Release & Presentation Book – Inflation “The fiscal stimulus is receding, and monetary policy has been adjusted rapidly in the last year to better align with traditional central bank strategy. Accordingly, the prospects for continued disinflation are good but not guaranteed.” “So far, core PCE inflation has declined only modestly from the peak levels…

Inflation “Since peaking last June, inflation has declined about 2.75 percentage points—with nearly all the step-down explained by falling energy prices and slowing food prices. The bad news is that there has been little progress on core inflation.” “At its recent peak, total PCE inflation was 7 percent in June 2022. Currently, it is 4.2…

A commencement address.  Monetary policy and/or the economy was not mentioned.

Fed Funds “In my view, our policy stance is now restrictive, but whether it is sufficiently restrictive to bring inflation down remains uncertain. Some signs of slowing in aggregate demand, lower numbers of job openings and more modest gross domestic product (GDP) growth indicate that we have moved into restrictive territory. But inflation remains much…

Banking Stresses “How much of an imprint are those banking stresses having on the broader economy? If they have more of an imprint, then we have to do relatively less with our monetary policy tools. If they have less of an imprint, then the responsibility really is on the Federal Reserve to get inflation back…

Speech Segment – “That brings us back to my original question: Are the financial risks stemming from climate change somehow different or more material such that we should give them special treatment? Or should our focus remain on monitoring and mitigating general financial system vulnerabilities, which can be affected by climate change over the long-term…