Federal Reserve Speech Roundup
Lots of jawboning out of the Fed these days.
Instead of joining the list of pundits giving you their spin. Instead of joining that parade, I'd rather send you to the horses collective mouths.
These are the 3 most important Fed speeches and commentaries of the past month:
• Reflections on the Yield Curve and Monetary Policy
Remarks by Chairman Ben S. Bernanke Before the Economic Club of New York, NY, March 20, 2006
(This one was well publicized and will be taken apart)
• Comments to New England Realtors Conference
Cathy E. Minehan, President and Chief Executive Officer, Federal Reserve Bank of Boston, March 20, 2006
(Non-voting member tells New England Realtors Conference she is concerned about the impact on the economy of declining construction and a drop in household wealth)
• Remarks at the Japan Society Corporate Luncheon in New York City
Timothy F. Geithner, President and Chief Executive Officer, NY Federal Reserve, March 9, 2006
(Permanent voting member, warns of the "the risk that monetary policy would be too accommodative")
The last 2 in particular fits my thesis: A Real Estate driven economy that has robust inflationary pressures everywhere -- except in wages . . .
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The always excellent The Big Picture today leads with a column tagged Lots of jawboning out of the Fed these days. I find this both interesting, and alarming. The issue of central bank transparency is not even remotely new, [Read More]
Tracked on Mar 21, 2006 12:26:49 PM
by the way, i really enjoy your blog. you do a great job and post some great info.
Posted by: Clayton Bigsby | Mar 21, 2006 8:07:22 AM
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