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Paese: Remarks on the U.S. Economy and Monetary Policy
Good afternoon, everyone. I am very happy to be here with you today, and I look forward to sharing information on the economy and the path of monetary policy. As interim president of the Federal Reserve Bank of St. Louis, I represent the Eighth Federal Reserve District at meetings of the Federal Open Market Committee, or FOMC, where I report on economic conditions in the District, comment on the key data and analysis about the national economy and express my views on monetary policy. The Eighth District encompasses all or parts of seven states, including western Kentucky and southern Indiana, and we have a branch ... (full story)
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FED'S PAESE: IT IS TOO SOON TO DECLARE VICTORY ON INFLATION.
— Breaking Market News (@financialjuice) November 9, 2023
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FED'S PAESE: THE CENTRAL BANK HAS TIME TO DECIDE NEXT STEP ON MONETARY POLICY.
— Breaking Market News (@financialjuice) November 9, 2023
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Fed's Paese: Too soon to rule out further US rate hikes
Kathleen O'Neill Paese is the interim St Louis Fed President • Central bank still has time to decide next step • Watching 10-year yield for signals on financial conditions • Too soon to declare victory on inflation • Local contacts report better balance in jobs market • Kathleen O'Neill Paese is Bullard's interim replacement and not a voter this year. He's not shy to weigh in despite the interim title.