Mark Hamrick

speaker

105 appearances 2 recordings 1 series first heard Dec 2017 last heard Jun 2018

Mark Hamrick’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Special Fed Coverage: Powell Press Conference · 13 Jun 2018 podcast

And so the Fed would like to get to that point and basically

perhaps even turn off the ignition for a while, not have to make adjustments with interest rates, but of course it will only know what the situation is once they get, let's say, another four-quarter point.

rate increases under their collective proverbial belts.

First of all, it's huge because the Fed only began holding regular news conferences in April of 2011.

And while it seems like this is very commonplace now, the reality is that we're still only holding news conferences after every other

FOMC meeting.

So, number one, that the chairman is making a specified or specific effort to speak more plainly, essentially, to all of us, but also speak more often with reporters and have the opportunity to answer questions, obviously put his own framing of the issues out there.

I think ultimately that's a benefit, obviously, to journalists like us, but ultimately for everyone, consumers, savers, investors, and borrowers who need to try to

basically navigate where the economy may be headed so they can fine tune their own financial decision making.

So that's a very good thing, I think.

Well, he certainly always has that opportunity, whether it's through his own comments or the comments of Federal Reserve Board officials.

But you're absolutely right to the extent that there would be a news conference basically every

six weeks after every FOMC meeting.

That'll be something we've never seen before.

And it may have some interesting consequences in the financial markets because the impact could be to try to, as you say, dampen speculation.

And of course, many investors like to speculate.

So there's that part as well.

Great to be with you, JR.

Thanks so much.

WSJ Your Money Briefing · Tax Bill: Wise to Spend Extra Money in Your Paycheck? · 22 Dec 2017 podcast

That's right, JR.

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