Monetary Policy

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With the Fourth of July falling midweek this week, we did not see very much new Fedspeak. Williams, Logan and Goolsbee all made hawkish comments, suggesting a need for further rate hikes this year.

This week was light on Fedspeak, with new statements from committee members Powell, Daly, Williams and Bostic. Bostic took a dovish note, further reiterating his belief that the Fed should consider the most recent meeting the beginning of a pause, rather than a skip in the hiking cycle.

This week was light on Fedspeak, with new statements from committee members Powell, Daly, Williams and Bostic. Bostic took a dovish note, further reiterating his belief that the Fed should consider the most recent meeting the beginning of a pause, rather than a skip in the hiking cycle. Williams did

This past week saw the Fedspeak dominated by Chair Powell’s testimony and q&a from the Humphrey-Hawkins Hearings. Twice a year, senators and house members get the opportunity to question the Fed Chair on the conduct of monetary policy in light of the dual mandate...

This past week saw the Fedspeak dominated by Chair Powell’s testimony and q&a from the Humphrey-Hawkins Hearings. Twice a year, senators and house members get the opportunity to question the Fed Chair on the conduct of monetary policy in light of the dual mandate...

Throughout the pandemic recovery, high inflation has been attributed to tight labor markets and high wage growth. Fed officials have, for months, maintained that the labor market needs to soften in order to bring down inflation. Commentators have pointed to high wage growth as a source of cost-push inflation: My