It can be hard to keep up with all of the Fedspeak out there. We track that for you by reading and watching every speech, town hall, essay, and interview we can get our hands on and curate that in an easily digestible form. We pull out the relevant and interesting quotes from FOMC members and provide up-to-date estimates of each individual member’s SEP dot.
Fedspeak Monitor
Read the Latest
Read the Latest
Cook and Jefferson sound more concerned about inflation; Daly continues her dovishness.
We heard from the Trump doves this week arguing that inflation is basically not a problem and that policy is restrictive. On the other hand Musalem sounds pretty dead set against more rate cuts this year, arguing that we're at neutral.
We heard from a lot of members this week. Mary Daly's "We will need to be deliberate as we calibrate policy" line is representative of where the core of the Committee is.
We are combining the Fed Views and Fed Expectations aspects of the Financial Condition Monitor with the Fedspeak Monitor, which will be delivered mid-day on Mondays
FOMC members react to the CPI release and the FOMC decision.
Just a bit of Fedspeak following last week's FOMC meeting. We got a better look into Paulson's views. She comes off as quite dovish, stressing labor market risk.
Nothing new in the last week of Fedspeak before the blackout period, just FOMC members retrenching their previous positions.
The rise in the unemployment rate to 4.44%, combined with dovish Fedspeak from Williams, pushes us to update our Fed Views. Our baseline is now one cut by January, more likely than not in December.
A lot of hawkish Fedspeak from the regional bank presidents this week.