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
Opposition to an easing bias continues to spread throughout the regional bank presidents.
After last week's FOMC meeting, the hawks explain their dissents. Warsh is going to have a tough time reaching anything approaching consensus for rate cuts this year.
You can see signs of hawkishness creeping into the Fedspeak. Goolsbee, Hammack and Musalem all expressed some openness to the idea of rate hikes this year.
The Fedspeak this week continued to be noncommittal as the Iran conflict plays out.
Fedspeak was largely unchanged from previous weeks, given the uncertainty stemming from the fallout of the Iran conflict. On the whole, Fed officials are more concerned about inflation than the labor market.
Fedspeak was largely unchanged from previous weeks, given the uncertainty stemming from the fallout of the Iran conflict. On the whole, Fed officials are more concerned about inflation than the labor market.
Altogether, the jobs data moved the Committee marginally, but noticeably, more dovish compared to last week. Not enough for a March cut, but they're on guard.
Altogether, the jobs data moved the Committee marginally, but noticeably, more dovish compared to last week. Not enough for a March cut, but they're on guard.
Our baseline is for no cuts this year.