Over recent trade, we have head from both Fed’s Bostic and Kashkari.
- Fed's Bostic: Fed gets mixed reactions from firms on pricing power.
- Fed has not seen much movement in wages
- Fed’s Bostic: Fed trying to achieve some notion of full employment.
- Fed trying to achieve some notion of full employment
- Fed gets mixed reactions from firms on pricing power
- Fed’s Kashkari: no signs of sudden acceleration in inflation;
- - must look beyond u-3 unemployment to gauge slack;
- - wages are growing slowly, suggesting there is slack;
- - we are forgetting the lessons of the 2008 crisis;
- - main street has not fully recovered from crisis.
About Raphael W. Bostic and Neel Kashkari
Raphael W. Bostic is an American economist and academic, who became the 15th President and CEO of the Federal Reserve Bank of Atlanta on June 5, 2017. In 2018, he serves as a voting member of the Federal Open Market Committee.
Neel Kashkari took office January 1, 2016, as the 13th president and chief executive officer of the Ninth District Federal Reserve Bank, at Minneapolis. In 2017, he serves as a voting member of the Federal Open Market Committee.
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