Gavin Friend

speaker

7,937 appearances 60 recordings 1 series first heard Sep 2024 last heard 2 Sep

Gavin Friend’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 29 in all, peaking in Oct 2025 with 5.

Appearances

newest first · ▶ plays the moment

NAB Morning Call · Just passing through · 20 May 2026 podcast

And I think it just voice-verified

Buys them a little bit time. voice-verified

If they if if if if they were thinking, like chief economist Hugh Peel was, uh, of hiking rates now, this is giving them a bit more time. voice-verified

And we've seen that reflected in market pricing where, you know, it was 60 odd basis points, it's now 45, 46 basis points of hikes priced. voice-verified

Again, we still think that's not going to happen. voice-verified

The longer this thing goes on, of course, the the the Iran issue, the greater the risk of second round effects. voice-verified

But so far things are playing towards the direction of of of maybe not. voice-verified

Yeah, I mean of course you remember we had the dissenters, four dissenters, three of which um were against the idea of the bias, which is that the the the idea that the suggestion is the next move when it comes would be a a continuation of the cuts. voice-verified

So, you know, um we we've had that confirmed obviously in the minutes. voice-verified

And actually, if you look at that, many participants uh indicated that they would have preferred removing the language from the postmeeting. voice-verified

Statement that suggested an easy imbias uh regarding the likely direction of the of future um future decisions. voice-verified

That suggests that it's you know that while there were three actual dissenters, there were more that were uncomfortable with it. voice-verified

Of course, many in Fed parlance isn't a majority, but it's it builds on that. voice-verified

And then you've got other lines that are a little bit more hawkish. voice-verified

Remember on the back of that Jay Powell, you know, in the press conference he talked about the idea that we're like voice-verified

To see a shift in that mandate, sorry, the shift in that uh bias at the next meeting, uh, Kevin Walsh's first meeting on the 17th of June. voice-verified

But the minutes then went on, they said a majority of participant participants highlighted that some policy firming would likely become appropriate if inflation were to continue to run persistently above 2%. voice-verified

Well, of course, that's self-evident, right? voice-verified

That's the Fed's mandate. voice-verified

If it runs consistently above, then you've got to do something about it. voice-verified

Showing 1201–1220 of 7,937 · page 61 of 397