Peter's Blog

Alberto Musalem, President and CEO of the Federal Reserve Bank of St. Louis, told the Shadow Open Market Committee in New York on October 30th that inflation remains “too high” and that further monetary tightening will likely be needed in the near term. Citing September PCE (Personal Consumption Expenditures) data showing both headline and core […]

Beth Hammack, President and CEO of the Federal Reserve Bank of Cleveland, warned on October 12th that inflation pressures across the economy are broadening rather than fading, and that policy rates may need to move “toward an even higher latitude” if price pressures persist. Speaking at the National Association of Business Economics’ annual meeting in […]

The Federal Reserve raised its benchmark interest rate by 25 basis points on September 16th, lifting the federal funds target to a range of 3.75-4% and ending nine months of holding rates steady. Speaking on October 8th at the Istanbul Economic Forum, Federal Reserve Governor Christopher Waller laid out the reasoning behind the move. His […]

Federal Reserve Governor Lisa Cook delivered a speech titled “An Update on AI and the Economy” on September 28th at the Oakland Tech Week Opening Keynote, cohosted by the Kapor Center in Oakland, California. Cook discusses why she voted with the rest of the Federal Open Market Committee (FOMC) to raise interest rates by 25 […]