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Fedspeak Monitor 4/21/25
The Fedspeak this week is still: wait and see, and we care most about keeping inflation under control.
The Fedspeak this week is still: wait and see, and we care most about keeping inflation under control.
The Committee is still super worried about long-term inflation expectations, and everyone from Goolsbee to Kashkari say that keeping those down is the highest priority.
Despite the tariff announcement, Fedspeak is nearly indistinguishable from last week.
We're starting to get more color from Fed officials about how they see tariffs playing out. Everyone is qualifying their comments with heavy pinches of salt.
We have updated our dot estimates with the March SEP dots.