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Fed Hike Aftermath Series: Key commentaries from FOMC policymakers this week

Several FOMC policymakers have remarked on the monetary policy throughout the week. Here is the compilation of the key remarks,

  • Lael Brainard: As a member of the board of Governors of the U.S. Federal Reserve she is a voting member this year and next. In her latest remarks this week, Ms. Brainard has called for caution when it comes to hiking rates as inflation is low. According to her, inflation is falling well short of Fed’s target.
  • Robert Kaplan: President of the Federal Reserve Bank of Chicago, Robert Kaplan warned against hikes citing low inflation. However, he feels that balance sheet should start shrinking.
  • Neel Kashkari: President of the Federal Reserve Bank of Minneapolis, Neel Kashkari not only warned against further hikes citing low inflation, he said that the current rate hikes were too fast and might have harmed the economy.
  • William Dudley: New York Fed President William Dudley is a permanent voting member. One of the most influential policymakers on the board remains in support of rate hikes as he feels that economy warrants gradual removal of monetary accommodation.

Federal Reserve will announce monetary policy on 20th September, when it is expected to begin reducing its $4.5 trillion balance sheet.

The dollar has suffered a hit on the dovish remarks, which is currently trading at 91.27 against a basket of six currencies.

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November 24 15:30 UTC Released

USECRI Weekly Index*

Actual

145.6 %

Forecast

Previous

145.6 %

November 24 14:45 UTC Released

US1st Half-Mth Infl YY*

Actual

54.6 %

Forecast

Previous

54.6 %

November 27 09:00 UTC 29662966m

ITExport Prices*

Actual

Forecast

Previous

111 %

November 27 09:00 UTC 29662966m

ITImport Prices*

Actual

Forecast

Previous

116.1 %

November 27 14:00 UTC 32663266m

MXTrade Balance, $*

Actual

Forecast

Previous

-1.886 Bln USD

November 27 14:00 UTC 32663266m

MXTrade Balance SA*

Actual

Forecast

Previous

-1.559 Bln USD

November 27 15:30 UTC 33563356m

USDallas Fed mfg bus index

Actual

Forecast

Previous

27.6

November 27 21:00 UTC 36863686m

KRBOK Manufacturing BSI*

Actual

Forecast

Previous

87 Bln BRL

November 28 00:00 UTC 38663866m

BRCentral Govt Balance

Actual

Forecast

Previous

-22.725 Bln BRL

November 28 07:00 UTC 42864286m

DEGDP Growth QQ* Advance

Actual

Forecast

Previous

10.7 %

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