Recent Fedspeak from Goolsbee, Bostic, and Daly
Jotting down some quick notes.
(the below Fedspeak update is generated manually for record keeping)
tbu
Goolsbee
12/17/2023 Face the Nation
12/15/2023 WSJ article,
WSJ podcast(with transcript)
On dot: “No, I’m not one of the extremes on that. I’m closer to the median. “
Bostic
2 cuts in 2H’24. core PCE for 2024 -> 2.4%(median). sounds cautious but clearly would jump to cut if job’s weak.
joined Williams to push back on market pricing by saying “Well, I’m actually where John is on this. For me pulling forward, the time when we would consider dropping rates is really still Quarter 3 of 2024. That’s in my outlook, that’s what I have in mind if inflation proceeds as I expect it will. So yeah, there’s plenty of time. I, I’m not looking for anything or expecting anything imminent to happen.”
Daly
said she’s close to the median sounds dovish overall… but the benchmark for the committee is shifting to dovish anyways.