Paid-members
Fedspeak Monitor 2/18/2024: Daly Sounds Dovish Again
In an extended conversation at NABE on Friday, Daly provided a lot of insight into her thinking. There was a lot to like in her answers.
In an extended conversation at NABE on Friday, Daly provided a lot of insight into her thinking. There was a lot to like in her answers.
The rest of the committee speaks in a near-unified voice: we can be patient with cuts.
Statements by Bowman, Goolsbee, and Powell this week revealed little we didn't already know.
Committee members continue to be tight-lipped about the timing of cuts, with almost everyone out with some version of "it will depend on the inflation data."
Members are mostly loathe to talk about rate cut timing, but reveal some thoughts about the trajectory of the economy.