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Mester: Appropriate to raise rate 50 bps at next two meetings
Fed’s Mester: Appropriate To Raise The Policy Rate Another 50 Bps At Each Of Our Next Two Meetings
— LiveSquawk (@LiveSquawk) June 2, 2022
- If By September There’s Evidence Of Softening Inflation, Pace Of Hikes Could Slow
- If Prices Fail To Moderate, A Faster Pace Of Hikes Possibly Required
Added at 1:01pm
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Fed’s Mester: Committed To Getting Inflation Under Control By Tightening Financial Conditions
— LiveSquawk (@LiveSquawk) June 2, 2022
- FOMC Must Be Resolute, Intentional In Removing Policy Accommodation
- Funds Rate Will Likely Need To Go Above Its Longer-Run Neutral Level
Added at 1:02pm
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Mester: An Update on the Economy and Monetary Policy
I thank Michael Weiss and the Philadelphia Council for Business Economics (PCBE) for inviting me to speak today. It is nice to be back in Philly, if only virtually. I spent many years at the Philadelphia Fed and fondly remember attending many of the PCBE’s programs, which were held at the Bank. The conversations were always relevant, with attendees providing a variety of valuable insights into the economy, financial markets, and policy. So I am looking forward to engaging with you today. But before we start, I need to remind you that the views I present will be my own and not necessarily those of the Federal ... (full story)
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From bnnbloomberg.ca|Jun 2, 2022|2 commentsFederal Reserve Vice Chair Lael Brainard said expectations for half-percentage-point increases in interest rates this month and next were reasonable and saw no case for pausing ...
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From youtube.com/bankofcanadaofficial|Jun 2, 2022In a speech delivered by videoconference, Deputy Governor Paul Beaudry provides insight into the key issues behind the Bank of Canada’s June 1 rate decision.
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From uk.finance.yahoo.com|Jun 2, 2022The Bank of Canada indicated that persistent price pressures are making it more likely policymakers will need to raise borrowing costs to contractionary levels in order to keep ...
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From poundsterlinglive.com|Jun 2, 2022The European Central Bank has recently prepped markets for a pending uplift in its interest rates and chief economist Philip Lane suggested this week that it could now look to ...
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From youtube.com/cmegroup|Jun 2, 2022Euro recovers from Wednesday’s selling on weak U.S. data and central bank hawkishness. Dan Deming explains.
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- Posted: Jun 2, 2022 1:01pm
- Submitted by:Category: Low Impact Breaking NewsComments: 1 / Views: 4,712
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