Fedspeak Monitor: June 3rd
This weeks’ Fedspeak comes against the backdrop of a surprisingly neutral Jobs Day report. This week saw communication from Goolsbee, Barkin, Jefferson, Collins, Bowman, Harker, Master and Bullard.
FOMC
66 postsFedspeak Monitor: May 27th
Today’s hot PCE print keeps a June hike plausibly in play though it still seems like a hold is the better baseline view. This week saw another big round of Fedspeak — though we are still notably waiting on updates from Esther George.
Paid-members
Fedspeak Monitor: May 27th
Today’s hot PCE print keeps a June hike plausibly in play though it still seems like a hold is the better baseline view. This week saw another big round of Fedspeak — though we are still notably waiting on updates from Esther George.
Participation and the Post-Pandemic Labor Market: Pre-Pandemic is not the Ceiling
Contrary to the expectations of Fed officials, labor force participation growth has been strong over the last six months. In this piece, I use Current Population Survey microdata, correct for measurement issues, and show that an increase in labor force entry played a significant role in this recent…
Fedspeak Monitor: May 20th
Cuts in 2023 is not in anyone’s non-market risk-neutral expectation for FOMC dots.We had a flurry of Fedspeak this week, with more than half the Committee making speeches or taking interviews.
