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 not speak directly to the stance of monetary policy, with the bulk of his statement focusing on the relative unimportance of passthroughs from monetary policy to financial stability.
Daly and Powell both suggested...
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