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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