Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

Free Trading Guides
Subscribe
Please try again
Select

Live Webinar Events

0

Economic Calendar Events

0

Notify me about

Live Webinar Events
Economic Calendar Events

H

High

M

Medium

L

Low
More View More
Fedspeak Watch October 14 – Comments by Kansas City Fed President Esther George

Fedspeak Watch October 14 – Comments by Kansas City Fed President Esther George

Diego Colman, Contributing Strategist

Share:

Trade Smarter - Sign up for the DailyFX Newsletter

Receive timely and compelling market commentary from the DailyFX team

Subscribe to Newsletter

Speaker: Esther George, President and CEO of the Federal Reserve Bank of Kansas City

FOMC Voting Member: Yes

Venue: Virtual event hosted by S&P Global.

Topic: Economic outlook

Comments:

  • The economic landscape is murky, no clear narrative on the outlook for growth
  • Only clear data is that inflation is high. I am watching if persistently high inflation seeps into expectations
  • Faster supply growth is not likely to take care of the inflation problem
  • The Fed’s monetary policy needs to move into restrictive territory, but how restrictive remains to be seen as policy actions have a lag
  • I expect rates will have to move higher for a sustained period, but moving too fast could disrupt financial markets
  • The Fed needs to minimize policy uncertainty during the time of market volatility
  • I support ongoing interest rate increases
  • CPI report on Thursday is a reminder the Fed has more work to do on inflation
  • My own forecast does not call for a recession
  • The Fed’s terminal rate may have to be higher and stay there for longer, but I am more cautious than most about how quickly we do that
  • It is important to get inflation back to the 2% goal, I have a hard time arguing in favor of a different inflation target
  • I can't say with any confidence how long rates will remain high after reaching the peak
  • Fed will continue on a tightening path until inflation is turning around

Fedspeak to Watch out in the Coming Days

  • St. Louis Fed President James Bullard will discuss the inflation outlook on October 15, 2022
  • Atlanta Fed President Raphael Bostic will take part in Workrise Panel Discussion on October 18, 2020
  • Minneapolis Fed President Neel Kashkari will discuss the economy on October 18, 2022

Related: Learn How Monetary Policy Impacts Global Markets

USD Forecast
USD Forecast
Recommended by Diego Colman
How Will the Fed Policy Impact the US Dollar? Find Out Here
Get My Guide

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES