Speeches, Interviews, Essays

Inflation “The big question, however, is whether, and how quickly, inflation will continue its downward path toward our target of 2 percent. Much of the decline so far has been driven by the moderation in energy prices, and there is evidence that the path back to our low and stable inflation goal could be long…

Q&A Segment – Balance Sheet & Fed Funds “In terms of the balance sheet, by allowing assets to run off the balance sheet, that also, right, is tightening financial conditions.” “So we’re seeing the effects of both the tightening of the Fed funds rate, the increase in interest rates and that reduction in the balance…

Banking Crisis “It will take some time to evaluate how recent events may impact overall economic activity and inflation. I expect to see tighter credit conditions for households and businesses that may slow economic activity and hiring, but the full extent is still unclear.” Fed Funds “I anticipate that some additional tightening may be needed…

Q&A Segment – Fed Funds “And as Lorie also said, inflation continues to be an issue that we’re grappling with, especially with FOMC. It continues to be far above our target, and we clearly need to continue to work to bring inflation down.” Banking “When I talk to bankers, they had an expectation from probably…

Q&A Segment – Inflation & Jobs “Well, I’ve had the great pleasure of traveling across the district over the last nine months and held a number of sessions like these. And I think, Alfreda, I would say that they’re definitely common themes in all of those discussions.” “The first one of course is on everyone’s…

Video of Speech and Q&A is not yet available. ———-

Monetary Policy/Economy were not mentioned in this speech. – “Recently, I gave remarks on crypto-assets,4 discussing how individuals can make their own choices about whether to invest in speculative assets, but I also said that banks and other intermediaries choosing to engage in crypto-asset-related activities must do so in a safe and sound manner. At…

Banking Crisis “Nonetheless, these developments (the banking crisis) will likely lead to some tightening in credit conditions for households and businesses, which in turn will weigh on spending. It is still too early to gauge the magnitude and duration of these effects, and I will be closely monitoring the evolution of credit conditions and their…

Fed Funds “My message is, be prudent, be patient. The tightening of credit conditions, if they happen in a, doesn’t even have to be a credit crunch and for sure it doesn’t have to be a financial crisis. If banks are pulling back, it behooves us to pay attention to the data and ask how…

Interview transcript is not available. — Recession “Wall Street’s very engaged in the idea there’s going to be a recession in six months or something, but that isn’t really the way you would read an expansion like this … the labor market just seems very, very strong. And the conventional wisdom is that if you…