Bill Stone

speaker

138 appearances 3 recordings 1 series first heard Dec 2017 last heard Nov 2018

Bill Stone’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

No recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.

Appearances

newest first · ▶ plays the moment

WSJ Your Money Briefing · Special Fed Coverage: Powell Press Conference · 21 Mar 2018 podcast

So the average projection moved up pretty significantly.

Also, the median number of hikes for 2018, I'm sorry, for 2019 and 2020 moved up.

So I think he was trying to also deal with the fact that people kind of zone in on those and talk that back a little bit.

Because I think he even said later, hey, you know, going out that far, you have much less confidence in what we'll end up doing.

Yeah, I think that's exactly where you're trying to go, because I think part of also you touched on it because the Fed actually lowered its expectations.

In other words, expected unemployment to be even lower than previously at the end of 2019.

You know, I think he wanted to deal with that part.

And you're right.

We really haven't seen the kind of wage growth that you've seen in the past at this kind of unemployment rate.

So he did go on.

You know, he really talked about it there.

It doesn't expect some sort of spike in inflation that you should fear.

Again, I think trying to walk back and make sure that people don't think there's going to be some anything other than just a gradual increase in the Fed funds rate.

I still think it's wise to say, well, you know, at least I think we have a very good idea that the direction of yields and, you know, obviously short-term yields, very high confidence, but I think even longer-term yields, you think those yields are going to move up.

So I think it makes sense to think about what

what may benefit from higher yields.

Let's just say the financial stocks continue to be beneficiaries if you continue to see yields move higher.

Well, I think that's really the million dollar question, or do we have to call it billion or trillion dollar question when you when you follow the Fed?

I think the interesting thing was that dot plot, which is really just the estimates from the various Fed members for the number of hikes or where the

Showing 81–100 of 138 · page 5 of 7