Monetary Policy Stance - The analysis suggests the appropriate Fed funds rate is in the mid 2% area, almost two percentage points lower than current policy [1] - Monetary policy is considered well into restrictive territory [3] - Short term interest rates are roughly two percentage points too tight [3] Risks and Mandates - Leading policy restrictive by such a large degree brings significant risks for the Fed's employment mandate [2] - The Federal Reserve has the goal of promoting price stability [1] - The commitment is to bring inflation sustainably back to 2% [2] Economic Outlook - Overly tight policy risks unnecessary layoffs and higher unemployment [3]

The president is entitled to his views on monetary policy. I think everyone's entitled to their views on monetary policy. He's never asked me to set policy in a specific way.I'm curious what you would do if in a phone call the president directly asked you to vive for a specific decision at the Fed. I would respectfully listen to his view and his analysis of why interest rates should be wherever they think that they should be. And he has been very forthright in his view, right.Which is not exactly the same a ...

Federal Reserve Governor Stephen Miran shares his perspective on economic outlook and monetary policy at the Economic Club of New York on Monday. The Fed last week approved a widely anticipated rate cut and signaled that two more are on the way before the end of the year as concerns intensified over the U.S. labor market. In an 11 to 1 vote that signaled less dissent than Wall Street had anticipated, the Federal Open Market Committee lowered its benchmark overnight lending rate by a quarter percentage point ...

The People’s Bank of China governor says any changes to monetary policy will be guided primarily by domestic factors https://t.co/wTkA6Q2UWM ...

Did you see Kevin Hasset the uh from the White House this on this week on CNBC saying that he pretty much endorsed what the Fed did as 25 basis points. Were you surprised that he didn't push for more cuts? I did see what he said and uh you know look the the director of the National Economic Council who who is the you know the principal economic adviser to the president. Uh you know he is entitled to his own views on monetary policy and any other subject and I welcome hearing all views from all sources. Howe ...

The ECB is running a slightly accommodative monetary policy and currently has no reason to lower rates further, Estonia's Madis Muller says https://t.co/PI4tYrs68r ...

Monetary Policy Stance - Financial conditions suggest monetary policy is currently perceived as slightly looser than generally believed [1] - The balance of risks is leaning towards inflation rather than employment [1] - Current monetary policy and its signaling are considered somewhat on the loose side, though the difference is marginal [1]

Join us now with his reaction to the Fed's decision and chairman Pal's comments. National Economic Council Director Kevin Hasset, you're okay, right. You you were enjoying things.You're you're getting your thoughts together uh and everything. Hopefully the guy with the lawnmower is uh is not coming out today. Kevin, >> that was funny last week.>> Unbelievable. Um 25 basis points. Um it's a start.How what how do you view that. You know, my old friend Alan Greenspan used to say that monetary policy steering i ...

Join us now with his reaction to the Fed's decision and chairman Pal's comments. National Economic Council Director Kevin Hasset. You're okay, right.You you were enjoying things. You're you're getting your thoughts together uh and everything. Hopefully the guy with the lawnmower is uh is not coming out today.Kevin, >> that was funny last week. >> Unbelievable. Um 25 basis points.Um it's a start. How what what how do you view that. You know, my old friend Alan Greenspan used to say that monetary policy steer ...

So what did you make of the quarterpoint cut and also some of the commentary from J Pal uh just talking about the dispersion the summary of economic projections and also our Steve Leeman asked a great question are we on a path for cuts and JP pal came back and said well we're more data dependent something he obviously has said in previous meetings >> well the meeting turned out to be what most of us expected to have happen the 25 basis point cut >> I think what was would have been more problematic was we di ...