PCE Deflator, (Personal Consumption Expenditure ... - Morningbull

Fed Governor Speaks - United States
The seven members of the Board of Governors have voting power in all three monetary tools of
the Federal Reserve- open market operations, the discount rate, and reserve requirements. This
makes the Board of Governors one of the most influential entities in governing U.S. monetary
policy. Their speeches are important opportunities for markets to better understand Fed goals for
the US economy and monetary policy, as well as understand the stance Governors take on
significant economic issues. If the overall sentiment of the Governors is different from
expectations, markets tend to move immediately in response to potential changes in future
policies.
Relevance: Tends to move markets on release
Release schedule : No set schedule
Source of report : Board of Governors of the Federal Reserve System
Web Address : http://federalreserve.gov/
Address of release : http://federalreserve.gov/newsevents.htm
Fed President Speaks - United States
There are 12 Federal Reserve Presidents, each from a different district of the country. All
Reserve Bank Presidents attend the meetings of the Federal Open Market Committee (FOMC),
but only five are allowed to vote on monetary policy. Although markets pay attention to all
Presidents for their assessment of overall economic health, particular interest is focused on the
comments of the voting members. As one of the most influential monetary policy tool, open
market purchases can affect the money supply and move short-term interest rates. Speeches
made by voting members are opportunities for markets to better understand the FOMC and its
monetary policy goals, but even non-voting members may give insight into the direction of
monetary policy in their statements. If a speech suggest sentiment in the FOMC is different from
expectations, markets tend to move immediately.
Markets focus heavily on the language used in speeches. If the President is cautious about the
inflationary outlook for the economy ("Hawkish"), then the market sees a higher likelihood of
future rate increases. Optimism in the President's outlook ("Dovish") would suggest to markets
that inflation is in check and that future rate increases are less likely, with the possibility of
declines in rates.