Fifth District manufacturing activity slowed in November, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite manufacturing index ...

post: WALLER: GOOD ECONOMIC ARGUMENTS THAT IF INFLATION CONTINUES FALLING FOR SEVERAL MORE MONTHS THAT YOU COULD LOWER POLICY RATE post: Waller: "If inflation goes down, you would lower the policy rate. There’s no reason to say you would keep it really high if inflation’s back to target, for example." post: Fed governor Chris Waller on rate cuts: "If you see this [lower] inflation continuing for several more months, I don't know how long that might be—3 months? 4 months? 5 months?—you could then start lowering the policy rate because inflation's lower." https://t.co/4ZQOFRzlza

post: Fed’s Bowman Favours Rate Hikes If Inflation Progress Stalls - To Closely Watch Data To Assess Appropriate Policy Path - Sees Risk Of Energy Prices Hurting Inflation ImprovementsBowman: Reflections on the Economy and Monetary Policy It is a pleasure to join you this morning in Salt Lake City for the Utah Banker and Business Leader Breakfast.1 I find great value in engaging with and learning from the experiences and perspectives of those who are directly engaged in the economy—businesses and consumers, and those who support economic activity by providing access to financial services through the broader financial system. These experiences help provide context for the economic and financial data that we rely upon for our economic analyses. I look forward to learning about how your businesses—and the clients and communities you serve—are navigating the current economic and financial conditions. Since joining the Board of Governors of the Federal Reserve System five years ago this week, the U.S. economy has experienced a number of unique economic challenges. In my remarks today, I will include some of my observations on a number of economic developments that our economy has experienced during that time. I will also consider the monetary policy actions taken by the Federal Open Market Committee (FOMC) in response to these developments and conclude by highlighting several uncertainties surrounding the economic outlook and how they affect my views about appropriate monetary policy going forward. Prominent among these uncertainties are whether supply-side improvements will continue to reduce inflationary pressures; the extent to which the demand for goods, services, and labor will come into better balance with supply given the current setting of monetary policy; and the level at which the federal funds rate will be consistent with the FOMC's inflation and maximum-employment goals in the longer run. The Post–Financial Crisis Economy and Monetary Policy Five years ago, monetary policymakers faced a post: Fed's Bowman: 'Quite Possible' Will Need Fed Policy Rate At Higher Level Than Pre-Pandemic To Foster Low, Stable Inflation - Could See Limited Future Gains In Labor Force Participation