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...
Summary: Recent indicators suggest that growth of economic activity continued to expand at a solid pace. (No Change) The unemployment rate has stabilized at a low level in recent months, and labor market conditions remain solid. (No Change) Inflation remains somewhat...
Prepared Remarks Summary https://www.federalreserve.gov/newsevents/speech/powell20250416a.htm 1) Dual mandate Focused on the dual-mandate goals given by Congress: maximum employment and stable prices. Despite heightened uncertainty and downside risks, the U.S....
Our Thinking (not advice) Since the last report in early January, the world has turned upside down. The America First policy along with the initiation of a trade war against the world is like a bull in a China shop. The most used word since Trump’s inauguration is...
The following summary represents direct quotes (with minor immaterial changes to make reading easier) from the press conference. A. Backdrop – Prepared Remarks Monetary policy actions are guided by the dual mandate to promote maximum employment and stable prices for...
Summary: Recent indicators suggest that growth of economic activity continued to expand at a solid pace. (No Change) The unemployment rate has stabilized at a low level in recent months, and labor market conditions remain solid. (No Change) Inflation remains somewhat...
The Chapultepec Conference, Bank for International Settlements Americas Office, Mexico City. February 06, 2025, Dallas Fed President Lorie K. Logan remark and comment summary https://www.dallasfed.org/news/speeches/logan/2025/lkl250206 If inflation rises, it will be a...
The following summary represents direct quotes (with minor immaterial changes to make reading easier) from the press conference. A. Backdrop Monetary policy actions are guided by the dual mandate to promote maximum employment and stable prices for the American people....
The FOMC January 28-29, 2025, meeting minutes shows the participants: The risk to maximum employment and price stability were roughly in balance The progress toward the 2% inflation goal had slowed with both upward and downward pressure going forward Looking for...
Summary: Recent indicators suggest that growth of economic activity continued to expand at a solid pace. (No Change) The unemployment rate has stabilized at a low level in recent months, and labor market conditions remain solid. (Change) Inflation remains somewhat...
A Kaleidoscope of Possibilities What we have learned from the Great Financial Crisis (GFC) and the COVID pandemic is that, every so many years, endogenous or exogenous events shock our economy and our highly integrated and complex global system. Transmission...
https://www.federalreserve.gov/mediacenter/files/FOMCpresconf20241218.pdf The following summary represents direct quotes (with minor immaterial changes to make reading easier) from the press conference. A, Backdrop Monetary policy actions are guided by the dual...
Summary: Recent indicators suggest that growth of economic activity continued to expand at a solid pace. (No Change) Job gains have slowed and the unemployment rate has moved up but remains low. (No Change) Inflation has made progress towards the 2 percent objective...
World Affairs Council, the Federal Reserve Bank of Dallas, and the Dallas Regional Chamber of Commerce, Dallas, Texas The labor market remains in solid condition, having cooled off from the significantly overheated conditions of a couple of years ago, and is now by...
The following summary represents direct quotes (with minor immaterial changes to make reading easier) from the press conference. A. Backdrop The economy is strong overall and has made significant progress toward our goals over the past two years. Recent indicators...
Summary: Recent indicators suggest that growth of economic activity continued to expand at a solid pace. (No Change) Job gains have slowed and the unemployment rate has moved up but remains low. (No Change) Inflation has made further progress towards the 2 percent...
I have been in many conversations and listened to numerous market observers, economists, and strategists over the past 18-months regarding the U.S. economy. Since the end of the Pandemic and the start of the Fed’s hiking cycle, there has been much speculation about No...
Coming Down the Mountain...Don't Look Down! It is the general consensus among mountain climbers and hikers that going up is relatively safer or easier than coming down. When descending, it is hard to be sure footed when distracted by the height and the fear of...
The following summary represents direct quotes (with minor immaterial changes to make reading easier) from the press conference. A. Backdrop The U.S. economy is in good shape. It's growing at a solid pace, inflation is coming down, the labor market is in a strong...
Summary: Recent indicators suggest that growth of economic activity continued to expand at a solid pace. (No Change) Job gains have slowed and the unemployment rate has moved up but remains low. (Change) Inflation has made further progress towards the 2 percent...