Fed's Goolsbee: Retail sales number might show some of the lag of mon pol

• If credit conditions are tightening, that does the Fed The Fed "The Fed" is a short-hand that refers to the Federal Reserve or Federal Reserve System, the central banking system of the United States. Traders often discuss the actions of the Fed, primarily interest rate decisions, as they significantly impact all financial markets.The Fed shouldn't be confused or substituted with the term "the Feds" and doing so tells everyone you're a total noob. The term "the Feds" refers to US Federal law enforcement, including such agencies as the FBI (Federal Bureau of "The Fed" is a short-hand that refers to the Federal Reserve or Federal Reserve System, the central banking system of the United States. Traders often discuss the actions of the Fed, primarily interest rate decisions, as they significantly impact all financial markets.The Fed shouldn't be confused or substituted with the term "the Feds" and doing so tells everyone you're a total noob. The term "the Feds" refers to US Federal law enforcement, including such agencies as the FBI (Federal Bureau of Read this Term's work
• With this retail sales number, we might be seeing some of the lag of mon pol
• I think inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term is coming down but there's clear stickiness in some of the numbers
• I want to see all the data before deciding on May
• I'm going to spend the next few weeks figuring out the amount of credit tightening going on
• A mild recession is definitely on the table as a possibility

He was teed up for a question on May in the first question, which sounded a bit like a plant after he said the Fed still needed to hike a 'bit' in his first speech this week. Here, he's walking that back a bit and putting it more on data dependence. That said, the market is pricing in an 80% chance of a hike on May 3, so this little bit of pussyfooting isn't going to change anything.