Fed Speeches: What They Said
Friday featured a handful of Fed member speeches. Here is a summary of what they spoke about.
The Fed
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FOMC Keeps Rates Steady
Today's FOMC meeting announcement has the Fed keeping rates unchanged and dismissing a weak Q1 GDP number as merely "transitory."
From 0.2% to 4.3%: Atlanta Fed GDP Forecast
The Atlanta Fed's GDP growth forecast has jumped 22X since last week, as they anticipate a booming economy in Q2 that clearly did not materialize in Q1.
BEA Releases Q1 GDP: 0.7%
The BEA released advanced data for 2017's first quarter GDP, reporting a low 0.7%. This is the worst reading in 3 years. The narrative is coming undone.
Atlanta Fed Cuts Q1 GDP Forecast
Once again the Atlanta Fed's GDPNow forecasting model has been cut, reflecting a sharp challenge to the Fed's "healthy economy" narrative.
Gary Cohn for Fed Chair?
Wall Street rumors are swirling that former Goldman CEO Gary Cohn could replace Janet Yellen as Fed Chair.
Kashkari: Education, not infrastructure, is key to growth
Neil Kashkari vision of central planning emphasizes education spending rather than the more popular infrastructure narrative.
Upcoming Fed Events and Speeches
Here are the Fed's upcoming events and speeches for the coming week.
Alan Greenspan, Sellout
In his attitude toward compromise, Alan Greenspan is the polar opposite of Murray Rothbard.
Robert Kaplan: Interest Rate Hikes and Balance Sheet Reduction
Robert Kaplan on Thursday weighed in on 2017's three rate-hikes and the coming balance sheet reduction effort.
