Michael Moskow
Michael Moskow
Michael H. Moskowis currently vice chairman and senior fellow on the global economy at the Chicago Council on Global Affairs. From 1994 to 2007, he served as president and chief executive officer of the Federal Reserve Bank of Chicago. In that capacity, he was a member of the Federal Open Market Committee, the Federal Reserve System's most important monetary policy-making body...
increase inflation monetary policy
Even without an increase in inflation expectations, it will take appropriate monetary policy to keep inflation well contained,
continue federal funds means neutral policy reduce return
For me, appropriate policy means that we continue to reduce accommodation and return to a neutral federal funds rate,
consistent economy operating roughly
roughly consistent with an economy operating at potential.
activity basis housing national sign
I don't see any sign of housing activity having a significant slowdown on a national basis going forward,
additional answer anyone beyond changes data economy fed forward looking whether
I don't think anyone can answer whether the Fed is going to have to tighten beyond neutral, ... You have to be looking at the economy going forward and that changes as additional data comes in.
aggregate allow changes gradual policy time
These gradual aggregate changes would allow time for any appropriate recalibration of policy -- if, in fact, one is needed,