Claire Jones
speaker
248 appearances
11 recordings
2 series
first heard Jan 2026
last heard 17 Sep
Claire Jones’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 11 in all, peaking in Aug 2026 with 2.
Appearances
costs and this might help with the margin, but it's not gonna solve any of those problems.
Walsh has been very, very consistent in terms of saying he will fight inflation.
However, that begs the question, why not raise interest rates?
It's a great question, Sonia, and it's one that was asked time and again during yesterday's press conference.
Walsh has been very, very consistent in terms of saying he will fight inflation, that he's not happy with the status quo, where inflation has been above the Fed's 2% goal for the past five years.
However, that begs the question, why not raise interest rates?
And the best answer Walsh could give was that markets have done some of the heavy lifting for them.
He noted that in the intermeeting period, we've seen markets pricing a greater chance of a rate rise to come.
The yields on the 2-year and the 10-year, which are both very sensitive to expectations for interest rates and have a big impact on the borrowing costs US households and businesses pay, have edged up by 0.2 percentage points.
That's almost the same impact as a quarter point rate rise from the Fed.
However, whether or not people will be convinced by Walsh's rhetoric that he's serious about fighting inflation if he continues to rely on the markets is another thing.
And while Walsh is new on the job now and has suggested the committee needs more time, time may be running out.
Well, the initial reaction has been not particularly favourable.
We've seen a big gyration in the 30-year US Treasury bond, which is a bit of a signal about the market maybe doubting Walsh's commitment to inflation and really gives that sense
about while it may be acceptable to have held interest rates yesterday, the market may be a bit more of a tougher judge if come September, we still see US borrowing costs officially in the same place as they were today.
I think the message from the bond market yesterday was really, we want to see action here.
You can say you're hawkish, but we're going to want to see proof of it from the Fed.
And that will mean rate rises in the
We didn't get a clear answer on that.
We know Walsh wants to stay away from messaging about what the Fed does next.
Showing 61–80 of 248 · page 4 of 13
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