Stacey Vanek-Smith
speaker
78 appearances
3 recordings
1 series
first heard Jul 2026
last heard 28 Aug
Stacey Vanek-Smith’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 — 3 in all, peaking in Aug 2026 with 2.
Appearances
Well, I really appreciated the trail map because I feel like it's very on brand with Jackson Hole and the great outdoors.
It was forward guidance of a sort.
I think maybe
I mean the market certainly reacted that way.
Interest rates rose on his speech.
It certainly reacted as if it were forward guidance.
It may be that he's just signaling that his style of forward guidance is gonna be different, that the market's not gonna get as much transparency, as much information, as much
disclosure as it did under Ben Bernanke, Janet Yellen, and Jerome Powell.
Uh so it may be that he's easing us off of forward guidance, but this definitely seemed forward guidance adjacent, if not full-on forward guidance.
Um y I think there is a difference and it is funny, every Fed e every Fed share comes in with different turns of phrase um that they like to use.
Upside inflation risk is essentially just, you know, a chance that inflation's gonna come in higher than we expect.
Um whereas transitory was more like, Oh, don't worry, this is this is going away, this is not a fundamental nothing fundamental's happening that's raising prices.
This is just, you know, supply chain snags in the case of the pandemic.
Today when he mentioned upside inflation risk, he was talking about commodity prices specifically.
So I took that to mean oil and Iran.
So i it may have been signaling, you know, there's a conflict with Iran, it's pushing up oil prices, oil prices can push up everything.
But hopefully that will be resolved soon.
Although now, you know, we've got a potential trade war in the works with Canada, also a huge supplier of oil and natural gas, especially to us.
So I don't know, upside inflation risk to me, it just I it signaled to me that he was just warning like inflation might come in higher than we want.
Thank you, you too.
Showing 1–20 of 78 · page 1 of 4
Next →