Charles Evans: The Risk of Deflation
Charles Evans spoke on Friday and expressed his fear that the inflation outlook had risk on the downside.
Charles Evans spoke on Friday and expressed his fear that the inflation outlook had risk on the downside.
March's year-over-year percentage increase in the money supply hit a 103-month low of 5.9 percent.
Fed members Mester, Kashkari, and Rosengren all gave speeches early this week. Here is what they said.
Friday featured a handful of Fed member speeches. Here is a summary of what they spoke about.
Today's FOMC meeting announcement has the Fed keeping rates unchanged and dismissing a weak Q1 GDP number as merely "transitory."
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.
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.
Once again the Atlanta Fed's GDPNow forecasting model has been cut, reflecting a sharp challenge to the Fed's "healthy economy" narrative.
Wall Street rumors are swirling that former Goldman CEO Gary Cohn could replace Janet Yellen as Fed Chair.
Neil Kashkari vision of central planning emphasizes education spending rather than the more popular infrastructure narrative.