Nick Timiraos

speaker

252 appearances 6 recordings 1 series first heard Sep 2017 last heard Nov 2024

Nick Timiraos’s voice in public audio — every appearance, attributed to the second.

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Appearances

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WSJ Your Money Briefing · Federal Reserve to Raise Rates in December? It's Complicated · 14 Sep 2018 podcast

So that's a debate that you could see unfold next year.

If inflation's stronger, then it argues to continue raising interest rates.

But Jay Powell, to your point, really hasn't said which camp that he's

you know, more strongly in at this point.

And there is still some time to decide.

Thanks for having me.

WSJ Your Money Briefing · Fed Chairwoman Janet Yellen's Legacy and Economic Lessons · 31 Jan 2018 podcast

That's right. voice-verified

She was president of the San Francisco Fed from 2004 to 2010. voice-verified

Then President Obama named her to be the Fed's vice chair, so she was the number two under Ben Bernanke. voice-verified

during his second term as Fed chair, and then she succeeded him in 2014 when President Obama nominated her as the Fed chair. voice-verified

So she was a very vocal advocate for the aggressive stimulus that Ben Bernanke helped implement to kind of unleash this counter-assault against the financial crisis after the downturn in 2009. voice-verified

And her job as chair has been to voice-verified

slowly unwind all of that support for which she forcefully advocated in the years right after the crisis. voice-verified

Right. voice-verified

If you go back to 2014, when she became chair of voice-verified

and then look at the debate in 2014 and 2015, and even in 2016, there were a lot of people saying, gee, the Fed really needs to start raising interest rates. voice-verified

And she was an advocate for being patient, and she laid out in a speech in 2014 a number of job market indicators that she was looking at besides just the unemployment rate. voice-verified

And what she was really saying was, look, there might be more slack in the labor market than voice-verified

this you know kinda headline unemployment rate is telling us and if that's the case we we might not want to move so quickly to raise interest rates even though unemployment is gonna get below five-and-a-half percent or five percent and if you look at how the economy's performing right now a lot of people would say she was right to do that now what happens over the next couple years is really gonna help determine what her legacy will be because if the economy voice-verified

were to overheat and we had a financial market bubble, then that would tarnish her legacy. voice-verified

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