Lots of jawboning out of the Fed these days.
Instead of joining the list of pundits giving you their spin. Instead of joining that parade, I’d rather send you to the horses collective mouths.
These are the 3 most important Fed speeches and commentaries of the past month:
• Reflections on the Yield Curve and Monetary Policy
Remarks by Chairman Ben S. Bernanke Before the Economic Club of New York, NY, March 20, 2006
(This one was well publicized and will be taken apart)
• Comments to New England Realtors Conference
Cathy E. Minehan, President and Chief Executive Officer, Federal Reserve Bank of Boston, March 20, 2006
(Non-voting member tells New England Realtors Conference she is concerned about the impact on the economy of declining construction and a drop in household wealth)
• Remarks at the Japan Society Corporate Luncheon in New York City
Timothy F. Geithner, President and Chief Executive Officer, NY Federal Reserve, March 9, 2006
(Permanent voting member, warns of the "the risk that monetary policy would be too accommodative")
The last 2 in particular fits my thesis: A Real Estate driven economy that has robust inflationary pressures everywhere — except in wages . . .
Category: Federal Reserve
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.