US FOMC Member Musalem Speaks
Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy;
FOMC voting member 2025;
- History
Expected Impact / Date | Description |
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Feb 3, 2025 | Due to speak at the Homer Jones Memorial Lecture hosted by the Federal Reserve Bank Of St. Louis; |
Dec 4, 2024 | Due to speak about the US economy and monetary policy at the Global Interdependence Center College of Central Bankers Symposium, in New York. Audience questions expected; |
Nov 13, 2024 | Due to speak about the economy and monetary policy at the Economic Club of Memphis. Audience questions expected; |
Nov 7, 2024 | Due to deliver pre-recorded opening remarks at the Annual St. Louis Fed Professors Conference; |
Oct 7, 2024 | Due to speak about the economy and monetary policy at the Money Marketeers of New York University. Audience questions expected; |
Oct 2, 2024 | Due to deliver opening remarks at the Community Banking Research Conference hosted by the Federal Reserve Bank of St. Louis; |
Aug 15, 2024 | Due to speak about the economy and monetary policy at the Greater Louisville Inc. Regional Economic Development Update. Audience questions expected; |
Jul 11, 2024 | Due to speak about the US economy and monetary policy, in Arkansas. Audience questions expected; |
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- US FOMC Member Musalem Speaks News
- From stlouisfed.org|Feb 3, 2025
Welcome to the St. Louis Fed and the 33rd Homer Jones Memorial Lecture! We are grateful you have joined us this evening. We have an extremely distinguished lecturer tonight—a person who has had a transformational impact on the organizations and economies he has been involved with and led. Before introducing our lecturer, I want to share a bit about the person for whom this lecture is named. Homer Jones was also a transformational leader—for the St. Louis Fed, and for the Federal Reserve System. He served as research director of the ...
- From @DBNewswire|Dec 4, 2024|3 comments
post: *FED’S MUSALEM: TIME MAY BE APPROACHING TO SLOW OR PAUSE RATE CUTS post: FED’S MUSALEM: TOO MUCH POLICY EASING CARRIES RISKS post: *FED’S MUSALEM: UNCERTAINTY ON NEUTRAL RATE, COULD BE BETWEEN 3%-4% post: FED’S MUSALEM: IT IS IMPORTANT TO KEEP MONETARY POLICY OPTIONS OPEN AMID UNCERTAINTY.Remarks on the U.S. Economy and Monetary Policy Good morning. It is great to see many friends and former colleagues again. I would like to thank Bloomberg and the Global Interdependence Center for the invitation to participate in this symposium, and for the opportunity to share a few observations about the U.S. economy and implications for monetary policy.1 First, let me state that these are my personal views and not necessarily those of the Federal Reserve or my colleagues on the Federal Open Market Committee (FOMC). Let me begin by summarizing current conditions as follows: The dual mandate goals of maximum employment and stable prices are within sight, monetary policy is well positioned, and there is more work to do on inflation. Economic activity has been robust with real GDP above its long-term potential in terms of both levels and growth rates. Spending by households and businesses has remained elevated, and financial conditions are broadly supportive of a growing economy. The fourth quarter is also looking strong. Labor market conditions are consistent with full
- From stlouisfed.org|Nov 13, 2024
Good afternoon. Thank you for inviting me to speak with you today. This is my second visit to Memphis since becoming president of the St. Louis Fed. I thoroughly enjoyed my first visit in June when I had the opportunity to experience the National Civil Rights Museum. I also connected with members of the business community and other local leaders. Today, I am grateful for the opportunity to meet with the Economic Club of Memphis to share my views on the economy and monetary policy.1 Following my prepared remarks, I look forward to a dialogue with Douglas Scarboro. I understand he will be pitching some tough questions. Let me begin by saying that these are my personal views and not necessarily those of my Federal Open Market Committee (FOMC) colleagues. I would like to share three key messages. First, the FOMC’s dual mandate goals of maximum employment and price stability are within sight. Second, it is appropriate for monetary policy to remain moderately restrictive while inflation remains above the FOMC’s 2% target. Third, monetary policy is well positioned to ret post: T LOUIS FED'S MUSALEM/ECOM: MUST AVOID EASING TOO SOON OR EASING TOO LITTLE, TOO LATE; IF PRODUCTIVITY GROWTH TEMPORARY THEN INFL TARGET HARDER #Musalem #FederalReserve post: FED'S MUSALEM: MONETARY POLICY IS WELL POSITIONED, THE FED CAN JUDICIOUSLY AND PATIENTLY JUDGE INCOMING DATA TO DECIDE ON FURTHER RATE CUTS. post: FED'S MUSALEM: FURTHER RATES EASING MAY BE APPROPRIATE IF INFLATION CONTINUES TO FALL. post: MUSALEM: RECENT INFORMATION SUGGEST INFLATION RISK NOW HIGHER
- From stlouisfed.org|Oct 7, 2024
Good evening. Thank you for inviting me to speak with you today and for the kind introduction. It is a pleasure to be in New York City among so many friends and former colleagues. At its September meeting, the Federal Open Market Committee (FOMC) reduced the target range for the federal funds rate by 50 basis points and released a Summary of Economic Projections (SEP) with a median projection of additional reductions in the quarters ahead. I supported the policy action and penciled in a baseline policy path slightly above the median. I did so because monetary policy was and remains moderately restrictive for an economy that appears close to equilibrium with respect to inflation and employment. The improved outlook for inflation and cooling of the labor market that occurred over the summer gave me greater confidence in achieving our dual mandate objectives. I believe it will likely be appropriate to further reduce the target range for the federal funds rate over time toward a neutral posture, with the size and timing of reductions depending on incoming data, the evolving outlook and the forward-looking balance of risks around this outlook. Over a policy horizon comprising the next few quarters, under my baseline outlook, the U.S. economy will continue to grow at a solid p post: MUSALEM WARNS: EASING POLICY TOO EARLY COULD HAVE HIGHER COSTS THAN WAITING post: MUSALEM SUGGESTS GRADUAL RATE REDUCTIONS ARE APPROPRIATE OVER TIME post: MUSALEM SEES PCE INFLATION CONVERGING TO 2% OVER NEXT FEW QUARTERS.
- From youtube.com|Oct 2, 2024
The twelfth annual Community Banking Research Conference—sponsored by the Federal Reserve System, the Conference of State Bank Supervisors (CSBS) and the Federal Deposit Insurance Corp. (FDIC)—will be hosted on Oct. 2 and Oct. 3. The conference brings together community bankers, academics, policymakers and bank regulators to discuss the latest research on community banking. The conference presents an innovative approach to the study of community banks. Academics explore issues raised by the industry in a neutral, empirical manner and ...
- From @financialjuice|Jul 11, 2024
post: FED'S MUSALEM: I SUPPORTED FED'S RATE DECISION AT JUNE MEETING. post:
FED'S MUSALEM: **CPI DATA POINTS 'ENCOURAGING FURTHER PROGRESS' **WANTS MORE EVIDENCE INFLATION IS MOVING TO 2% **JOB MARKET STRONG BUT HAS COOLED IN RECENT MONTHS post:
FED'S MUSALEM: HIGH INTEREST RATES PRESSURING PARTS OF ECONOMY post: FED'S MUSALEM: I DON'T THINK RECESSION RISKS ARE HIGH RIGHT NOW. post: FED'S MUSALEM: MONETARY POLICY RESTRICTIVE, BUT NOT OVERLY RESTRICTIVE
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