Bernanke preview
If inflation is now above Bernanke’s comfort zone, as per Yellen who has been more dovish than Bermanke, and above their long-term target of maybe
February 14, 2008
If inflation is now above Bernanke’s comfort zone, as per Yellen who has been more dovish than Bermanke, and above their long-term target of maybe
This is the mainstream approach to negative supply shocks: “Don’t let relative value stories turn into inflation stories.” (as the Fed used to say) And,
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
It’s only been a few hours, but seems the first time since August higher oil doesn’t mean lower interest rates, and might even mean higher
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
The Fed’s pet inflation expectation indicator is moving higher, fast. ♥
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
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
Same twin themes taking hold – weakness and inflation. Highlights: US Mixed data EU Softening data could change ECB’s inflation rhetoric JN CPI Higher on
As of 1pm today – this is what the Fed is looking at for today’s meeting. Most say if you let expectations elevate it’s too