CANADA DATA: Analysts Eye Upside Travel Pressures In June CPI (2/2)
Jul-17 18:50
Analyst expectations for the Canadian June CPI report are in the table below, with some selected Ban...
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FED: Warsh Gives His View on Post-Meeting Press Conferences
Jun-17 18:48
- Asked how he feels about post-meeting press conferences, Warsh says " I had a great old mentor named George Schultz, and his mantra was, "Press conferences are useful, but when you have one, you want to make sure you have something important to say." I think there's something important to say about our commitment to deliver on price stability, our commitment to rethink practices with an eye of moving the Fed forward, and to give you and the American people a sense that these aren't idle thoughts, these are concrete thoughts that we're going to seek out the best minds or the best thinking inside of the Federal Reserve, the best people I know in business and economics and the academy and technology and the rest to share their views, that's what we're going to be doing here, the pursuit of truth. "
- He says "I think we're going to come up with some new and interesting things. We made some changes today. I expect more changes to come, and, and some of those might well be worthy of press conferences."
FED: Warsh Downplays Significance of Hawkish Dot Plot
Jun-17 18:46
- Warsh predictably downplays the significance of the more hawkish Dots.
- "when I saw the submissions, I noted that all the submissions were coming in with pencils, you know, those kind with the big erasers. That's to say that I think my colleagues around the table, when they submitted their dots, understand the world is changing quite quickly, and they didn't feel bound by them six weeks from now, or six days from now, in the event that their circumstances change....I didn't hear tons of conviction."
FED: Warsh Characterizes Policy Restrictiveness as "Uneven"
Jun-17 18:45
- Warsh characterizes policy restrictiveness as "uneven". Saying it's "somewhat restrictive" for the housing market, but " I would have a hard time managing to say those words if I were to see what's happening in financial markets."
