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Detail - articles
First Fed speeches after FOMC meeting - New insights?

First Fed speeches after FOMC meeting - New insights?

20/09/2013 09:39

Attention today will go out to a whole range of Fed speakers who will take the stage after the FOMC meeting. Fed George, Bullard, Kocherlakota and Tarullo are scheduled to speak. After the surprise decision of the Fed to keep its bond purchase programme unaltered, markets will still more than usually look for comments of individual Fed members on the decision and on the outlook for the economy and policy. Minneapolis Fed president Kocherlakota is an ultra-dove (non-voter this year), but it is not clear whether he will comment on policy, as he will speak about options. Similarly, board governor Tarullo speaks about macro prudential regulation. St-Louis Fed Bullard and Kansas City Fed George (both FOMC voters) speak on the economy and monetary policy. George is an ultra-hawk who voted this year consistently against the FOMC policy. Her views are well known, but some details might still be picked up by markets. Bullard is more a centrist, who voted earlier this year against the FOMC decision, because it gave not enough considerations to the possibility of a too low inflation. One meeting later, this consideration was found back in the FOMC statement and he voted again with the majority. Of course, both speak after the European closure of markets.


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