Another Yellen speech

Prospects for the U.S. Economy in 2008 (intro remarks snipped) Today I’d like to talk about developments in the economy and in monetary policy, two

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Stagflation

Yes, the below analysis has also been the Fed’s position, up until this week’s speeches. It’s been about a crude/food/$ negative supply shock, supported by

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Yellen on inflation

SF Fed president Yellen on inflation, from yesterday’s speech in Hawaii: Now let me turn to inflation. The recent news has been disappointing. Over the

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Plosser Speech

Plosser is perhaps the most hawkish Fed president. Look for a dove to speak soon to soften this stance? (intro remarks deleted) The FOMC and

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Claims, ECI

From Karim: True to the past 5yrs pattern, claims seem to be reverting to trend after the first few weeks of January. Right, good call!

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Monoline proposal

Fed by itself or working with AAA counterparty offers to sell supplemental bond insurance to investors. (AFLAC concept) Maybe charge a point and insure up

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Oil comments

Iraqi Oil Minister Sees No Output Change from OPEC (Reuters) Iraq’s oil minister Hussain al-Shahristani said on Thursday there was no sign of any shortage

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FOMC preview

My guess is the GDP forecast the Fed is now getting from it’s staff is not a downgrade from previous forecasts, and may even be

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