Chicago Fed's Goolsbee: What data we have still points to a pretty stable labor market right now - CNBC

The industrial sector grew 0.8% in August compared to July, interrupting the predominantly negative performance seen since April, when it accumulated a 1.2% loss. With this ...

It is a great pleasure to be here today to celebrate Klaas’s time as President of De Nederlandsche Bank and Chair of the Financial Stability Board. But more than that, to recognise Klaas as a very good friend and colleague. Klaas’s time as Governor covered most of the period since the financial crisis. But his career goes further back, both at the DNB and the Ministry of Finance here in the Netherlands. He has seen it all, and has been at the heart of rebuilding financial stability. It is I think therefore appropriate to concentrate on the theme of financial stability. I am going to focus on a number of key questions. What has been achieved in the time since the crisis? What appears to be the challenge today to these achievements? And where do we go from here? There have been times in recent years when we might have treated these questions as matters of more academic speculation, that’s not so today. They are real questions up for debate and challenge. I know that Klaas will want to be part of answering them. And Klaas, you need no encouragement from us, please do get stuck in, with your trademark elegance and force, the hallmark of Dutch football that you are such a keen supporter of. What has been achieved in the field of financial stability since the financial crisis? Answer – a lot. Yes, today’s world is a highly uncertain and unpredictable place sadly. We have experienced very large shocks – a pandemic, the longest war in Europe since 1945, I could go on. But we have come throug BoE Gov. Bailey: There is no trade-off between financial stability and objectives like growth and competitiveness. BOE GOV. BAILEY SAYS I SEE GROWING RISK THAT AS THE PRO-CYCLICAL TIDE TURNS, WE ARE INHIBITED FROM COLLECTING NECESSARY DATA IN NEW AREAS OF RISK. BOE GOV. BAILEY SAYS I SEE GROWING RISK THAT AS THE PRO-CYCLICAL TIDE TURNS, WE ARE INHIBITED FROM COLLECTING NECESSARY DATA IN NEW AREAS OF RISK.

FED'S MIRAN: ACCESS TO DATA IS IMPORTANT TO MAKING POLICY FED'S MIRAN: HOPEFUL FED WILL HAVE NEEDED DATA BY NEXT FOMC FED'S MIRAN SAYS I DON'T THINK NEUTRAL RATE IS ZERO FED'S MIRAN: NEUTRAL RATE HAS COME DOWN TO BOTTOM END OF ESTIMATES DEREGULATION OF ECONOMY WILL EXPAND ECONOMY'S POTENTIAL Fed's Miran: I am expecting significant services disinflation via housing. Fed’s Miran Says Bad Tariff Effects Hit Other Countries More Than Us