A clear signal that bond markets see credibility in the Federal Reserve's inflation stance is the jump in real yields, which is outpacing that of nominal and breakeven rates. Bloomberg 'Odd Lots' podcast hosts Tracy Alloway and Joe Weisenthal discuss Kevin Warsh's debut Jackson Hole speech as Fed Chair.
Bank of England Monetary Policy Committee member Catherine Mann discusses central bank reaction functions and managing inflation from supply shocks. She also points to research showing evidence of the immediate effect that central bank decisions can have on economic activity. Mann speaks on the sidelines of the Jackson Hole Economic Policy Symposium.
Richard Clarida, Pimco global economic adviser and a former Federal Reserve vice chairman, says the Fed is prepared to hike if inflation pressures don't ease. He speaks after Fed Chairman Kevin Warsh's speech at the central bank's annual conference in Jackson Hole, Wyoming.
Citi Wealth CIO Kate Moore joins Bloomberg's Lisa Abramowicz and Tom Keene from Jackson Hole, Wyoming. She reacts to Fed Chair Kevin Warsh's debut Jackson Hole speech.
Federal Reserve Chairman Kevin Warsh warns inflation isn't meaningfully slowing and said policymakers must be confident that it is, otherwise the central bank has "work to do." He speaks at the Fed's annual conference in Jackson Hole, Wyoming.
Federal Reserve Chairman Kevin Warsh explains why he doesn't believe in the practice of issuing forward guidance. He says "accuracy in economic forecasting is still just an aspiration." Warsh speaks at the Fed's annual conference in Jackson Hole, Wyoming.
Federal Reserve Bank of Cleveland President Beth Hammack says "it's time to act" on hiking rates. Speaking at the Jackson Hole Economic Policy Symposium, Hammack also discusses the efficacy of rates and the Fed's balance sheet as economic tools.
Interest Rates are "the clearest, most transparent, easiest-to-communicate tool that we have," says Cleveland Fed President Beth Hammock, adding that there's a long history showing the impact of interest rate moves on the economy. She spoke with Bloomberg's Tom Keene, Lisa Abramowicz and Michael McKee in Jackson Hole, Wyoming.
Former Kansas City Fed President Esther George said that Kevin Warsh will be under pressure to signal how the Fed intends to respond to inflation that has stopped cooling and "is not turning in the direction that the committee had hoped." She speaks on "Bloomberg Surveillance" at the Jackson Hole Economic Policy Symposium.
Federal Reserve Bank of Cleveland President Beth Hammack says the longer the central banks wait to raise rates, to more pain will be felt by everyday Americans. She speaks at the Jackson Hole Economic Policy Symposium.
