The Federal Open Market Committee releases minutes from its last meeting on Wednesday afternoon, but Wall Street is already downplaying the event as a sideshow in comparison to an annual symposium on monetary policy in Jackson Hole, Wyoming, two days later.
“The FOMC minutes are telling us about what happened three weeks ago, and Jackson Hole, given its precedent for signaling meaningful policy shifts, has taken on this very elevated status; it gets that extra attention even if it is just an academic conference,” said Jeff Greenberg, senior economist at J.P. Morgan Private Bank.
While investors will parse Wednesday’s minutes for clues as to when the Fed will start hiking interest rates, “the real look ahead for any hints as to monetary policy is Jackson Hole,” said Art Hogan, chief market strategist at Wunderlich Securities.
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Here’s what to look for from the Federal Reserve Bank of Kansas City’s annual economic symposium in Jackson Hole,Wyoming, which runs Aug. 21-23. -- Yellen’s keynote: The highlight will be Fed Chair Janet Yellen’s speech Aug. 22 on labor markets at 10 a.m. New York time. She’ll probably reiterate the Fed’s view…
Tags: fed, will, yellen, bank, market, chief, economist, securities, policy, conference
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Fed Chair Janet Yellen's first testimony before Congress is the big event for markets in the week ahead, as traders sift through economic data to see if the softness that showed up in January's jobs is more about bad weather, or something more worrisome. Yellen, who took the helm at…
Tags: fed, will, month, bank, ahead, event, central, yellen
73
The Federal Reserve holds its last policy meeting of the year on Tuesday and Wednesday, resulting in plenty of material to be scoured for clues about when interest rates will start inching up. The central bank’s policy committee releases its statement and new economic projections at 2 p.m. Wednesday, followed…
Tags: policy, wednesday, meeting, market, yellen, conference, fed, federal, clues, interest
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This past week marked the annual gathering of bankers, financial officials, and other economic experts hosted by the Kansas City Federal Reserve Bank in Jackson Hole, Wyoming. On Friday, Fed Chair Janet Yellen and European Central Bank head Mario Draghi both spoke; in a slow week for the markets, these…
Tags: fed, market, yellen, bank, federal, attention
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Several Fed Officials Said Forecasts Overstated Rate Rise Meeting minutes revealed that in March, Fed Reserve policy makers discussed that a rise in their median projection for the main interest rate exaggerated the likely speed of tightening. Treasury yields rose last month after policy makers predicted that the benchmark interest…
Tags: fed, interest, month, policy, annual, chief, three, yellen, bank, market
Janet Yellen led her first monetary policy meeting as chair last week. But with Yellen’s emphasis so far on consensus and continuity, the key news from the Fed last week wasn’t anything Janet Yellen said, but what Federal Reserve Board Governor Jeremy Stein said at the International Research Forum on Monetary Policy on Mar. 21.
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Jeremy Stein is currently the junior member of the Federal Reserve Board, having served only since May 30, 2012. (Several recent nominees to the Federal Reserve Board have yet to be approved.) But with Ben Bernanke’s departure, Stein now has the most distinguished academic record of anyone currently making decisions about US monetary policy. His background as a Harvard Professor of Economics and former President of the American Finance Association shows. He holds office hours for staff at the Federal Reserve Board, and from the half hour that I once spent with him, I can say that he stands ready to debate the fine points of economic models with anyone. In his speech last Friday, Governor Stein showed how much genuine light an academic approach can shed on practical monetary policy questions in the right hands.
http://qz.com/
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This past week marked the annual gathering of bankers, financial officials, and other economic experts hosted by the Kansas City Federal Reserve Bank in Jackson Hole, Wyoming. On Friday, Fed Chair Janet Yellen and European Central Bank head Mario Draghi both spoke; in a slow week for the markets, these…
Tags: fed, chair, economic, yellen, week, reserve, federal
75
Federal Reserve Chairwoman Janet Yellen on Wednesday said interest-rate increases could begin in the first half of 2015, around six months after it winds down its bond-buying program. The Fed, in its policy statement, said the benchmark federal-funds rate will remain near zero for a "considerable time" after its signature…
Tags: yellen, fed, ben, reserve, janet, federal, half, policy
74
Here’s what to look for when Janet Yellen testifies before the House Financial Services Committee today in her first public remarks since becoming Federal Reserve chairman on Feb. 3. Yellen’s prepared remarks will be released at 8:30 a.m., and the hearing will begin at 10 a.m. Yellen plans to speak…
Tags: yellen, janet, key, questions, federal, ready, reserve, fed
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Fed Chair Janet Yellen's first testimony before Congress is the big event for markets in the week ahead, as traders sift through economic data to see if the softness that showed up in January's jobs is more about bad weather, or something more worrisome. Yellen, who took the helm at…
Tags: fed, chair, janet, economic, week, yellen
63
On Tuesday, Federal Reserve Chair Janet Yellen promised the House Financial Services Committee "a great deal of continuity" in monetary policy as she fills the shoes of Ben Bernanke. However, Yellen is not Bernanke. And depending on her read on the economy, she will use her powers to influence…
Tags: yellen, monetary, federal, policy, bernanke, janet, ben, continuity, chair, reserve
Federal Reserve Chairwoman Janet Yellen on Wednesday said interest-rate increases could begin in the first half of 2015, around six months after it winds down its bond-buying program.
The Fed, in its policy statement, said the benchmark federal-funds rate will remain near zero for a “considerable time” after its signature bond-buying program ends. For the first time, Ms. Yellen attempted to define that term, saying it is “hard to define” but “probably means something on the order of around six months.”
The Fed has been reducing its bond-buying program in $10 billion increments and is on track to wind it down this year.
Write to Ben Leubsdorf at ben.leubsdorf@wsj.com
Read more: http://www.nasdaq.com/article/yellen-suggests-roughly-6-month-gap-before-rate-increases-after-bondbuying-program-ends-20140319-00933#ixzz2wRaHjIYv
Read more: http://www.nasdaq.com/article/yellen-suggests-roughly-6-month-gap-before-rate-increases-after-bondbuying-program-ends-20140319-00933#ixzz2wRa5uQ9b
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Here’s what to look for when Janet Yellen testifies before the House Financial Services Committee today in her first public remarks since becoming Federal Reserve chairman on Feb. 3. Yellen’s prepared remarks will be released at 8:30 a.m., and the hearing will begin at 10 a.m. Yellen plans to speak…
Tags: yellen, will, janet, federal, reserve, fed
75
This past week marked the annual gathering of bankers, financial officials, and other economic experts hosted by the Kansas City Federal Reserve Bank in Jackson Hole, Wyoming. On Friday, Fed Chair Janet Yellen and European Central Bank head Mario Draghi both spoke; in a slow week for the markets, these…
Tags: fed, yellen, reserve, federal
75
Janet Yellen led her first monetary policy meeting as chair last week. But with Yellen’s emphasis so far on consensus and continuity, the key news from the Fed last week wasn’t anything Janet Yellen said, but what Federal Reserve Board Governor Jeremy Stein said at the International Research Forum on…
Tags: policy, federal, reserve, yellen, janet, half, fed, ben
69
Fed Chair Janet Yellen's first testimony before Congress is the big event for markets in the week ahead, as traders sift through economic data to see if the softness that showed up in January's jobs is more about bad weather, or something more worrisome. Yellen, who took the helm at…
Tags: fed, program, janet, will, bond-buying, $, wind, year, month, billion
63
On Tuesday, Federal Reserve Chair Janet Yellen promised the House Financial Services Committee "a great deal of continuity" in monetary policy as she fills the shoes of Ben Bernanke. However, Yellen is not Bernanke. And depending on her read on the economy, she will use her powers to influence…
Tags: yellen, read, federal, policy, janet, will, ben, reserve, fed
Fed Chair Janet Yellen’s first testimony before Congress is the big event for markets in the week ahead, as traders sift through economic data to see if the softness that showed up in January’s jobs is more about bad weather, or something more worrisome.
Yellen, who took the helm at the central bank Monday, has not been an active part of the speaking circuit like other Fed officials. So traders will study her every nuance to see if she is as dovish as they expect her to be, while also promoting a tapering back of the Fed’s bond-buying program. The Fed has cut back twice and is now buying $65 billion a month, a program expected to wind down before year end.
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There was a lot of uncertainty and debate last summer and fall over whether President Obama would appoint Janet Yellen or Larry Summers as Federal Reserve chair. What wasn’t really up in the air was whether the new head of the world’s most powerful central bank would have a doctorate in economics.…
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The Federal Open Market Committee releases minutes from its last meeting on Wednesday afternoon, but Wall Street is already downplaying the event as a sideshow in comparison to an annual symposium on monetary policy in Jackson Hole, Wyoming, two days later. "The FOMC minutes are telling us about what happened…
Tags: will, bank, ahead, fed, event, month, yellen, central
69
Federal Reserve Chairwoman Janet Yellen on Wednesday said interest-rate increases could begin in the first half of 2015, around six months after it winds down its bond-buying program. The Fed, in its policy statement, said the benchmark federal-funds rate will remain near zero for a "considerable time" after its signature…
Tags: bond-buying, program, yellen, fed, billion, $, year, wind, janet, month
65
Prior to the Fed's monetary stimulus at the start of financial crisis in 2008, the Fed held around $900 billion assets. Today the Fed's assets are $4.1 trillion and rising, but at a tapering pace.
Tags: fed's, $, tapering, billion, fed
65
This past week marked the annual gathering of bankers, financial officials, and other economic experts hosted by the Kansas City Federal Reserve Bank in Jackson Hole, Wyoming. On Friday, Fed Chair Janet Yellen and European Central Bank head Mario Draghi both spoke; in a slow week for the markets, these…
Tags: fed, chair, economic, yellen, week, bank
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