Fed Governor Waller and Atlanta Fed President Bostic gave speeches on the economic outlook last week. They highlighted similar themes--the positive progress on inflation so far, the uncertainty surrounding economic forecasts, and the conditions under which rate cuts could begin this year. I read Waller to be somewhat more hawkish

New York Fed President John Williams spoke to an economic development group yesterday about the economic outlook. Here are my takeaways: * Williams won't be voting for rate cuts anytime soon. In his view, it won't be appropriate to cut rates until he is "confident that

A new year, a new monetary policy update. A lot of people have been asking me “when” interest rates will return to “normal” levels rather than the “high” levels they are currently at (NB: interest rates are not high right now by historical standards). Everyone seems to think it’s