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Fedspeak Monitor 3/31/2025
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'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.
A light week of Fedspeak this week, with little new revelations.
As tariff policy starts to be implemented, the Committee seems to be coalescing on a view that they'd like to look through tariffs if they result in a one-off increase in prices, but are concerned about the possibility of long-term expectations becoming unanchored.
The calls for patience continue, especially with tariff uncertainty.