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Chicago Fed President Charles Evans’ comments on the US economy and the outlook for monetary policy from October 3rd, 2018:

  • Evans said he is comfortable with the expected path for expectations of a rate hike
  • “I would like to see strong wage growth”
  • Inflation expectations are anchored perhaps a little too well and could be higher as US fundamentals are very strong
  • Fed policy to turn mildly restrictive in 2019
  • Permanent tariff changes would hurt growth

Richmond Fed President Thomas Barkin’s comments on the US growth from October 3rd, 2018:

  • US economic growth is solid, unemployment is low and inflation is on target  
  • Fed focusing on business investment, worker compensation, durable goods prices, productivity, and the yield curve  
  • “hard Brexit” or a “political crisis” are scenarios for potential shocks to the US economy

Philadelphia Fed President Patrick Harker’s comments on the US economy and the outlook for monetary policy from October 3rd, 2018:

  • I could support a December increase
  • Employment numbers keep surprising us
  • Harker sees the US unemployment going down to 3.5% before rising

Federal Reserve’s chairman Jerome Powell’s comments on the US economy from October 2nd, 2018:

  • The outlook for the US economy is “remarkably positive”
  • Rates will always be the main monetary policy tool
  • There is still room for US fiscal policy to support demand
  • Inflation rising above target would not cause the Fed to sell assets
  • Fiscal policy is providing real support to demand, but the longer-term fiscal path is not sustainable