PRIMER - Today’s Fedspeak includes: Barkin, Daly, Musalem, Cook, Hammack
ORIGINAL · NewsquawkPRIMER - Today’s Fedspeak includes: Barkin, Daly, Musalem, Cook, HammackRead originalHide original
Approx 12:00GMT/08:00EDT: Fed’s Cook (voter) is expected to give remarks explaining her dissent at this week’s FOMC meeting, where she voted for a rate hike. Speaking in early October, Cook said supply shocks have had surprisingly persistent effects, becoming more salient for policy, with the optimal response possibly sector-dependent. She also flagged the need to watch consumer confidence carefully. Cook said AI is causing pockets of inflation, and is the top risk for 2027. Elsewhere, she does not see private credit posing a financial stability risk. Approx 12:00GMT/08:00EDT: Fed’s Hammack (2026 voter) is expected to give remarks explaining her dissent at this week’s FOMC meeting, where she voted for a rate hike. Speaking in mid-October, Hammack argued that more restrictive monetary policy is needed given broad-based inflation and strong demand; she expressed a preference for smaller but more frequent rate increases. She said current policy is not restrictive enough, warning of a rising “inflationary mindset” as firms pass on higher costs. 13:30GMT/09:30EDT: Fed’s Barkin (2027 voter) gives a radio interview. Speaking in mid-October, Barkin said the CPI report was higher than he’d hoped, adding that 2% inflation “is not some unicorn”, but something the Fed can hit. Elsewhere, he said he is not seeing AI job losses happening at scale. 16:00GMT/12:00EDT: Fed’s Daly (2027 voter) gives opening remarks at San Fran Fed conference. Giving an interview in mid-October, Daly said the Fed will probably need further rate hikes to rein in inflation, though there was no urgency to act at the October meeting. She noted that September CPI accelerated more quickly than expected, raising inflation risks, though a stable labour market gives the Fed room to focus on price stability. 16:30GMT/12:30EDT: Fed’s Musalem (2028 voter) will give remarks at the Shadow Open Market Committee. Speaking in early October, Musalem said more monetary policy firming will be needed to bring inflation back to the Fed’s target. Musalem said inflation was the economy’s primary problem.
The primer previews five Fed appearances and recaps earlier comments; separate retrieved reporting says the Fed held rates at 3.75%–4% with Cook and Hammack dissenting for an increase.
News detail
Approx 12:00GMT/08:00EDT: Fed’s Cook (voter) is expected to give remarks explaining her dissent at this week’s FOMC meeting, where she voted for a rate hike. Speaking in early October, Cook said supply shocks have had surprisingly persistent effects, becoming more salient for policy, with the optimal response possibly sector-dependent. She also flagged the need to watch consumer confidence carefully. Cook said AI is causing pockets of inflation, and is the top risk for 2027. Elsewhere, she does not see private credit posing a financial stability risk. Approx 12:00GMT/08:00EDT: Fed’s Hammack (2026 voter) is expected to give remarks explaining her dissent at this week’s FOMC meeting, where she voted for a rate hike. Speaking in mid-October, Hammack argued that more restrictive monetary policy is needed given broad-based inflation and strong demand; she expressed a preference for smaller but more frequent rate increases. She said current policy is not restrictive enough, warning of a rising “inflationary mindset” as firms pass on higher costs. 13:30GMT/09:30EDT: Fed’s Barkin (2027 voter) gives a radio interview. Speaking in mid-October, Barkin said the CPI report was higher than he’d hoped, adding that 2% inflation “is not some unicorn”, but something the Fed can hit. Elsewhere, he said he is not seeing AI job losses happening at scale. 16:00GMT/12:00EDT: Fed’s Daly (2027 voter) gives opening remarks at San Fran Fed conference. Giving an interview in mid-October, Daly said the Fed will probably need further rate hikes to rein in inflation, though there was no urgency to act at the October meeting. She noted that September CPI accelerated more quickly than expected, raising inflation risks, though a stable labour market gives the Fed room to focus on price stability. 16:30GMT/12:30EDT: Fed’s Musalem (2028 voter) will give remarks at the Shadow Open Market Committee. Speaking in early October, Musalem said more monetary policy firming will be needed to bring inflation back to the Fed’s target. Musalem said inflation was the economy’s primary problem.
What do investors think?
StockNow uses AI to translate and analyze information and does not guarantee its accuracy or completeness.