Search Results
Journal Article
FOMC Communication Spillovers: Is There a "Call-Out" Effect?
Dilts Stedman, Karlye; Gulati, Chaitri
(2023-02-09)
Foreign asset prices may react to FOMC communication that references specific countries, but the effects are minimal.
Economic Review
, Volume vol.108
, Issue no.1
, Pages 15
Speech
Bullard Discusses U.S. Economy and Monetary Policy during UBS Panel
Bullard, James B.
(2021-11-09)
St. Louis Fed President Jim Bullard shared his views on various aspects of the U.S. economy and monetary policy during a panel discussion at the UBS European Conference 2021.Bullard said he thinks that U.S. real GDP growth coming in softer than expected in the third quarter is “a temporary phenomenon,” with growth being pushed out to the fourth quarter and through next year. He expects real GDP growth to be higher than 4% for all of 2022.In discussing the very tight labor market in the U.S., Bullard cited the unemployment-to-vacancies ratio, the unemployment rate and a labor market ...
Speech
President Bullard Explains His Recent FOMC Dissent
Bullard, James B.
(2022-03-18)
St. Louis Fed President Jim Bullard discusses why he cast a dissenting vote at the FOMC meeting in March 2022.
On the Economy
Speech
In Conversation: Mary C. Daly with UC Berkeley’s Fisher Center for Real Estate & Urban Economics
Daly, Mary C.
(2022-10-21)
Presentation at UC Berkeley’s Fisher Center for Real Estate & Urban Economics, Berkeley, California, October 21, 2022, by Mary C. Daly, President and Chief Executive Officer, Federal Reserve Bank of San Francisco.
Speech
Journal Article
Did Communicating a Numerical Inflation Target Anchor U.S. Inflation Expectations?
Bundick, Brent; Smith, Andrew Lee
(2018-01-17)
Macro Bulletin
Journal Article
What Is the Monetary Standard? The Fed Should Tell Us
Hetzel, Robert L.
(2024-01-05)
The Federal Reserve System (Fed) is a regular feature in the media. When the Fed communicates with the public, its focus is on forward guidance related to monetary policy—specifically, for achieving low unemployment and low inflation. Fed participants on the Federal Open Market Committee (FOMC) convey what they see as the likely path of policy, including changes in the federal funds rate, a standard monetary policy tool. Because financial markets find this information useful, news stories thoroughly cover Fed communication.However, such communication fails to explain the structure of the ...
Review
, Volume 106
, Issue 1
, Pages 10-39
Journal Article
Evaluating Quantitative Easing: The Importance of Accounting for Forward Guidance
Smith, Andrew Lee; Bundick, Brent
(2022-06-30)
During the COVID-19 pandemic crisis, policymakers used large-scale asset purchases (LSAPs) along with forward guidance about the future path of the federal funds rate to help stabilize financial markets. However, policymakers and economists have yet to reach a consensus on the efficacy of LSAPs in providing accommodation and improving macroeconomic outcomes. Because announced changes in LSAPs often coincide with changes in forward guidance, the market responses to these two tools can be difficult to disentangle and each tool’s efficacy challenging to evaluate.Brent Bundick and A. Lee Smith ...
Economic Review
, Volume 107
, Issue no.3
, Pages 16
Working Paper
The Price of Macroeconomic Uncertainty: Evidence from Daily Options
Samadi, Mehrdad; Londono, Juan M.
(2023-06)
Using recently available daily S&P 500 index option expirations, we examine the ex ante pricing of uncertainty surrounding key economic releases and the determinants of risk premia associated with these releases. The cost of insurance against price, variance, and downside risk is higher for options that span U.S. CPI, FOMC, Nonfarm Payroll, and GDP releases compared to neighboring expirations. We calculate release-driven forward equity and variance risk premia and find that premia vary considerably across economic releases and increase with risk aversion as well as with monetary policy and ...
International Finance Discussion Papers
, Paper 1376
Speech
Balance Sheet Reduction: Progress to Date and a Look Ahead
Perli, Roberto
(2024-05-08)
Remarks at 2024 Annual Primary Dealer Meeting, Federal Reserve Bank of New York, New York City.
Speech
Speech
Monetary Policy in Word and Deed
Mester, Loretta J.
(2023-10-20)
I thank the Shadow Open Market Committee for inviting me to speak today. The SOMC is known for fostering an active exchange of diverse views on the economy and monetary policy, with the aim of contributing to better policy decisions. I believe robust policy discussions and deliberations are very constructive, and I am looking forward to the question-and-answer portion of this session. To help frame that discussion, let me start with a review of economic developments and my perspectives on monetary policy.
Speech
FILTER BY year
FILTER BY Bank
Federal Reserve Bank of St. Louis 18 items
Federal Reserve Bank of Kansas City 10 items
Federal Reserve Bank of New York 10 items
Federal Reserve Bank of San Francisco 7 items
Federal Reserve Bank of Chicago 4 items
Federal Reserve Bank of Cleveland 2 items
Board of Governors of the Federal Reserve System (U.S.) 1 items
Federal Reserve Bank of Dallas 1 items
Federal Reserve Bank of Philadelphia 1 items
show more (4)
show less
FILTER BY Series
Speech 18 items
Economic Bulletin 5 items
On the Economy 5 items
Economic Review 4 items
Chicago Fed Letter 3 items
Page One Economics Newsletter 3 items
Review 3 items
The Regional Economist 3 items
FRBSF Economic Letter 2 items
Liberty Street Economics 2 items
Economic Commentary 1 items
Economic Letter 1 items
International Finance Discussion Papers 1 items
Macro Bulletin 1 items
Working Paper Series 1 items
Working Papers 1 items
show more (11)
show less
FILTER BY Content Type
Journal Article 20 items
Speech 18 items
Newsletter 6 items
Working Paper 3 items
Discussion Paper 2 items
FILTER BY Author
Bullard, James B. 6 items
Daly, Mary C. 5 items
Smith, Andrew Lee 5 items
Bundick, Brent 3 items
Doh, Taeyoung 3 items
Gulati, Chaitri 3 items
Ihrig, Jane E. 3 items
Kliesen, Kevin L. 3 items
Williams, John C. 3 items
Wolla, Scott A. 3 items
Dilts Stedman, Karlye 2 items
Fisher, Jonas D. M. 2 items
Foerster, Andrew 2 items
Logan, Lorie 2 items
Perli, Roberto 2 items
Afonso, Gara 1 items
Bennett, Julie 1 items
Bobrov, Anton E. 1 items
Choi, Jason 1 items
Cisternas, Gonzalo 1 items
Coughlin, Cletus C. 1 items
Crump, Richard K. 1 items
Dudley, William 1 items
Dupor, Bill 1 items
Evans, Charles L. 1 items
Gourio, Francois 1 items
Gowen, Brian 1 items
Healy, Christopher 1 items
Hetzel, Robert L. 1 items
Howes, Cooper 1 items
Jia, Chengcheng 1 items
Kamdar, Rupal 1 items
Krane, Spencer D. 1 items
Londono, Juan M. 1 items
Mester, Loretta J. 1 items
Miu, Jason 1 items
Musalem, Alberto G. 1 items
O'Neill Paese, Kathleen 1 items
Owyang, Michael T. 1 items
Peneva, Ekaterina V. 1 items
Plosser, Charles I. 1 items
Russo, Christopher 1 items
Samadi, Mehrdad 1 items
Sengupta, Rajdeep 1 items
Smith, Charles 1 items
Thornton, Daniel L. 1 items
Ulate, Mauricio 1 items
Van Tassel, Peter 1 items
Velde, Francois R. 1 items
Weinbach, Gretchen C. 1 items
Wynne, Mark A. 1 items
Younger, Josh 1 items
show more (47)
show less
FILTER BY Jel Classification
FILTER BY Keywords
Federal Open Market Committee (FOMC) 54 items
monetary policy 31 items
inflation 22 items
Federal Reserve 6 items
fomc 6 items
federal funds rates 5 items
labor markets 4 items
covid19 3 items
financial markets 3 items
price stability 3 items
interest rates 3 items
Federal Funds rate 3 items
COVID-19 2 items
LIBOR 2 items
Summary of Economic Projections (SEP) 2 items
balance sheets 2 items
central banking 2 items
dual mandate 2 items
federal funds 2 items
federal funds target rate 2 items
flexible average inflation targeting 2 items
forward guidance 2 items
interest on reserve balances 2 items
liquidity 2 items
money markets 2 items
open market operations 2 items
pandemic 2 items
policy rate 2 items
prices 2 items
real GDP growth 2 items
reserves 2 items
10-year Treasury yield 1 items
ARRC 1 items
Asset purchase programs 1 items
Bank of England 1 items
Consumer Price Index 1 items
FCA 1 items
Federal Reserve Balance Sheet 1 items
GDP growth 1 items
Greenspan’s Conundrum 1 items
IOSCO 1 items
ISDA 1 items
Inflation target 1 items
Interbank market 1 items
Kansas City Policy Rate Uncertainty index (KCPRU) 1 items
Large-scale asset purchases (LSAPs) 1 items
MBS market 1 items
OSSG 1 items
Open Market Trading Desk (the Desk) 1 items
Reserve Bank of New Zealand 1 items
Risk management 1 items
SOFR 1 items
Shadow Open Market Committee (SOMC) 1 items
System Open Market Account (SOMA) 1 items
Taylor Rule 1 items
Treasury market 1 items
Treasury securities 1 items
Treasury yield curve 1 items
U.S. Treasury securities 1 items
Zero lower bound 1 items
administered rates 1 items
ample reserves regime 1 items
arbitrage 1 items
asset 1 items
asset returns 1 items
balance sheet policy 1 items
balance sheet runoff 1 items
banking 1 items
banking supervision 1 items
consumer spending 1 items
corporate profits 1 items
corridor system 1 items
counterparties 1 items
credit quality 1 items
data dependent monetary policy stance 1 items
deflation 1 items
disagreement 1 items
discount window 1 items
economy 1 items
effective lower bound 1 items
employment 1 items
facility 1 items
fed funds 1 items
financial capital 1 items
financial stress 1 items
floor system 1 items
forecasting 1 items
global supply chain 1 items
housing markets 1 items
hurricanes 1 items
inflation expectations 1 items
inflation goal 1 items
inflation objective 1 items
inflation rate 1 items
interest on reserve balances (IORB) rate 1 items
interest on reserve balances rate 1 items
iorb 1 items
labor market 1 items
liability 1 items
macroeconomic releases 1 items
macroeconomy 1 items
market 1 items
monetary policy accommodation 1 items
monetary policy expectations 1 items
monetary policy tightening 1 items
monetary transmission 1 items
money multiplier 1 items
neutral real short-term interest rate (r*) 1 items
non-accelerating inflation rate of unemployment (NAIRU) 1 items
overnight reverse repo (ON RRP) facility 1 items
overnight reverse repurchase agreement facility 1 items
price-level targeting 1 items
r* 1 items
recession 1 items
reference rates 1 items
regional economics 1 items
repo market 1 items
reservation rate 1 items
reserve 1 items
reserve balances 1 items
reserve requirements 1 items
risk premium 1 items
secured lending rates 1 items
soft landing 1 items
supply and demand 1 items
tail risk 1 items
term premia 1 items
term rate 1 items
to-be-announced market (TBA) 1 items
trade barriers 1 items
trade policy 1 items
uncertainty 1 items
variance risk 1 items
volatility 1 items
wage inflation 1 items
show more (138)
show less