1. Contact Macroeconomic Advisers
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  2. Contact Macroeconomic Advisers
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  3. In his opening remarks, Chairman Bernanke, again, mostly repeated parts of the Committee's statement and talked about FOMC members' just-released forecasts. So we turn immediately to the Q&A.
    • We thought the questions were really good.
    • For the most part, the Chairman's answers were also really good!
    This is from a commentary that was published on June 22, 2011.

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  4. FOMC participants' forecasts prepared for the June meeting took a worrisome turn: as expected, lower growth and higher unemployment, but, surprisingly, another significant upward revision to core inflation.

    This is from a commentary that was published on June 22, 2011.

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  5. The Committee noted that both the slowing in economic activity during the first half of the year and the recent pick-up in inflation were driven by temporary factors.

    This is from a commentary that was published on June 22, 2011.

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  6. Recent press reports have raised the possibility of the FOMC adopting a formal inflation target this week. We believe that the Committee will ultimately announce an explicit inflation target, but not this week.

    This is from a commentary that was published on June 21, 2011.

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  7. Contact Macroeconomic Advisers
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  8. The unexpected sharp slowdown in the first half shifted the focus of discussion during this intermeeting period from exit strategy to the sources of the slowdown and the prospects for stronger growth in coming quarters.

    This is from a commentary that was published on June 20, 2011.

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  9. The focus of the April meeting was on exit strategy--not so next week. The FOMC's attention will shift to the outlook.

    This is from a commentary that was published on June 17, 2011.

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  10. As far as the effects on the economy are concerned, assuming a later beginning to a monetary policy tightening campaign is akin to assuming a further easing in monetary policy conditions, i.e., delayed tightening is effectively an easing.

    This is from a commentary that was published on June 15, 2011.

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