Fed Chair Yellen July 2017 Testimony Notes

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“the Committee continues to anticipate that the longer-run neutral level of the federal funds rate is likely to remain below levels that prevailed in previous decades.” “The Committee continues to expect that the evolution of the economy will warrant gradual … Continued

FOMC March 2017 Press Conference Notes

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Janet Yellen No change in our outlook “Today’s decision is in line with that view and does not represent a reassessment of the economic outlook or of the appropriate course for monetary policy” Still accommodative ” Even after this increase, … Continued

San Francisco Fed President John Williams February 2017 Speech

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http://www.frbsf.org/our-district/press/presidents-speeches/williams-speeches/2017/february/keeping-recovery-sustainable-essential-role-of-independent-fed/ Our goal is to attain a goldilocks economy “Our goal is to attain what I like to call a “Goldilocks economy”—an economy that doesn’t run too hot or too cold. We want the porridge to be just right. Of … Continued

Bill Dudley CNN Interview Feb 2017 Notes

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http://money.cnn.com/2017/02/28/news/economy/new-york-fed-dudley-interview-transcript/ I think the case for monetary tightening has become a lot more compelling “I think it means what it says. It doesn’t say it’s a week, a month, a couple months. Fairly soon means in the relatively near future. … Continued

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