US inflation will fluctuate, policymakers must see through short-term changes Inflation not going to get much higher in near term Nothing notable from Plosser but his lack of concern about inflation underscores the lack of any real worries.
His retirement was scheduled for the Spring, now we have an official date. The Dallas Fed has hired an HR firm to find his replacement. Fisher and Plosser are both retiring at the same time and that will eliminate two … Continue reading
Minneapolis Fed President Kocherlakota speaks at the bottom of the hour but it’s a repeat of a speech he’s given before, entitled “Clarifying the Objectives of Monetary Policy”. (? boosting stocks??) He will take questions from the audience afterwards so … Continue reading
The San Francisco Fed is out with a report saying long-term interest rates may be higher than markets expect. “Both monetary and fiscal policy projections have been based on the view that declines in the long-run potential growth rate of … Continue reading
According to a Reuters poll 14 of 19 primary dealers say the Federal Reserve will raise rates by June 2015. They see the Fed funds rate at 1.00% by the end of 2015 and 2.50% by the end of 2016. … Continue reading
The number was in a presentation slide cited by Reuters. He adds that he expects low interest rate policy for several more years. I might have expected something lower from a dove like Kocherlakota but I don’t think it says … Continue reading
Comments from Fed Chair Janet Yellen in a panel discussion on “Policy since the onset of the financial crisis” in Paris. She will take audience questions later. Central banks must employ all tools to support economy Fiscal policy may be … Continue reading