Governor Powell’s First Speech Doesn’t Sound ‘Quiet’
Federal Reserve Governor Powell, who vowed to be a "low-profile" Fed governor in support of Chairman Warsh, made sure everyone still heard him in his first speech after handing over the chairmanship.
Central bankers are pushing back against the ‘War? Sh!’ strategy — why look-through may...
Federal Reserve governor Chris Waller on Friday cast serious doubt on the textbook look-through strategy to handle the Iran War-induced inflationary pressure — or what we fashionably called the "War? Sh~" strategy. And he is not the only central banker who has expressed reservations.
Taking One Last Beth Before the Fed Blackout Period
Beth Hammack, president of the Cleveland Fed, posted on LinkedIn hours after the jobs report that "today's jobs report reaffirms that the labor market appears to be roughly in balance" and that she "believe[s] persistently high inflation is the bigger concern." If recent inflationary trends continue, "it may soon be appropriate to act," she concluded.
