Chairman Warsh's first Jackson Hole keynote titled “In Our Time”, marking his 100th day. This note separates his points already on the public record (from his June 17 and July 29 FOMC press conferences and prior Congressional testimonies) from what the speech newly...
FOMC Discussion Vigorous discussion centered on four questions: Implications of the past five years of high inflation on the current policy conjuncture. To echo an old phrase, has the past really passed? Considered the economic shocks of recent years. Strained supply...
Summary: Kevin Walsh presided over his first Federal Open Market Committee meeting as the Chairman, succeeding the immediate pass chairman, Jerome Powell, who remains as a governor on the Committee. At Chair Walsh’s April 21, 2026, Senate Banking Committee...
The following summary represents direct quotes (with minor immaterial changes to make reading easier) from the press conference – Prepared remarks and Q&A session. New Chairmanship & New Initiatives At any institution, a change in leadership is a natural and...
Summary: Recent indicators suggest that economic activity has been expanding at a sold pace. (No Change) Job gains have remained low, on average, and unemployment rate has been little changed in recent months. (Change) The Committee seeks to achieve maximum employment...
The following summary represents direct quotes (with minor immaterial changes to make reading easier) from the press conference – Prepared remarks and Q&A session. Dual Mandate Affirmation The U.S. economy has been expanding at a solid pace. While job gains have...
The following summary represents direct quotes (with minor immaterial changes to make reading easier) from the press conference – Prepared remarks and Q&A session. Dual Mandate Affirmation The U.S. economy has been expanding at a solid pace. While job gains have...
Summary: Available indicators suggest that economic activity has been expanding at a sold pace. (Change) Job gains have remained low, and unemployment rate has been little changed in recent months. (Change) The Committee seeks to achieve maximum employment and...
The following summary represents direct quotes (with minor immaterial changes to make reading easier) from the press conference – Prepared remarks and Q&A session. Dual Mandate Affirmation Squarely focused on achieving dual mandate goals of maximum employment and...
Summary: Available indicators suggest that economic activity has been expanding at a sold pace. (Change) Job gains have remained low, and unemployment rate has shown some signs of stabilization. (Change) The Committee seeks to achieve maximum employment and inflation...
Summary: Recent Available indicators suggest that economic activity has been expanding at moderate pace. (No Change) Job gains have slowed this year, and unemployment rate has edged up but remained low through September. More recent indicators are consistent with...
The following summary represents direct quotes (with minor immaterial changes to make reading easier) from the press conference – Prepared remarks and Q&A session. Dual Mandate Affirmation Squarely focused on achieving dual mandate goals of maximum employment and...
The following summary represents direct quotes (with minor immaterial changes to make reading easier) from the press conference – Prepared remarks and Q&A session. Dual Mandate Affirmation Squarely focused on achieving dual mandate goals of maximum employment and...
Summary: Recent Available indicators suggest that economic activity has been expanding at moderate pace. (Change) Job gains have slowed this year, and unemployment rate has edged up but remained low. (No Change) Inflation has moved up since earlier in the year and...
The following summary represents direct quotes (with minor immaterial changes to make reading easier) from the press conference. A. Backdrop – Prepared Remarks Dual Mandate Affirmation Squarely focused on achieving dual mandate goals of maximum employment and stable...
Click here for a summary of Chair Powell, Governor Miran and Governor Bowman speeches at three conferences after the September 17, 2025, FOMC meeting. The summary offers each of their assumptions and framework for monetary policy going forward after a 25bp rate cut. ...
Summary: Recent indicators suggest that growth of economic activity moderated in the first half of the year. (No Change) Job gains have slowed, and unemployment rate has edged up but remains low. (Change) Inflation has moved up and remains somewhat elevated. (Change)...
https://www.federalreserve.gov/newsevents/speech/powell20250822a.htm Jackson Hole Prepared Remarks Summary INTRODUCTION S. economy has shown resilience. The labor market remains near maximum employment. Inflation, though still somewhat elevated, has come down a great...
Prepared Remarks Summary https://www.federalreserve.gov/monetarypolicy/files/FOMC_LongerRunGoals.pdf DUAL MANDATES AFFIRMATION The Federal Open Market Committee (FOMC) is firmly committed to fulfilling its statutory mandate from Congress of promoting maximum...
The following summary represents direct quotes (with minor immaterial changes to make reading easier) from the press conference. A. Backdrop – Prepared Remarks Dual Mandate Affirmation Squarely focused on achieving dual mandate goals of maximum employment and stable...