More comments from San Francisco Fed President Williams: I don’t agree inflation is around the corner As we get closer to full employment we will need to watch for rise in inflation Still believe first Fed rate rise will be … Continue reading
The last thing the US dollar needs today is more dovish commentary. Eventually after the Fed raises rates, we’ll have to unwind much of the balance sheet growth Inflation to rise gradually to 2% as the economy nears full employment … Continue reading
The Fed’s Bullard talks way too much. He started early this morning and headlines from his various appearances today keep crossing but once in awhile he makes a very good point. “The policy debate should be on long term growth,” … Continue reading
Bullard continues to hit the wires: He sees GDP growth bouncing back in Q2, on track for 3.5-4% growth His own forecast of a Q1 rate hike is data dependent Wage increases will follow an increase in inflation The Fed … Continue reading
Bullard continues to drone on and says he expects inflation to exceed 2% next year. He has been saying the same thing about “next year” forever. Bullard also said he wants to see ending QE reinvestment on that table as … Continue reading
There is talk around the Fed that the recent pickup in inflation is due to one-time skews but Lacker says he doesn’t think the past few months of data are entirely noise. Of course, he’s a hawk so that’s something … Continue reading
Says markets don’t appreciate how close the Fed is to goals Says Fed closer to goals than many people appreciate Inflation could easily be in the ‘high ones’ or reach 2% by year end Unemployment is going to fall below … Continue reading
It’s laughable that the Fed thinks it can monitor markets and bubbles. They’re economists and most of them can’t forecast economic growth within 2 percentage points. That kind of overconfidence at the Fed makes markets overconfident and sparks the bubbles.
Bullard spoke on Fox Business and also called it a “pretty good economy”, citing a better jobs picture. In January, Bullard forecast +3.2% GDP this year.
The Fed is starting to feel heat from some former allies. Former Fed Governor Kevin Warsh was on CNBC today attacking the Fed’s easy policy. He was one of the architects of the policy but now says normalizing interest rates … Continue reading