Below is the top 10 word count from Janet’s speech today at the Economic Club of New York. Can you say inflation? Really, what I think she means is deflation, but you will not find that word once in her speech, so let’s just ignore it for now.
47 inflation
32 economic
30 will
27 rate
24 policy
22 federal
22 funds
20 prices
18 financial
18 developments
My favorite line from the speech:
“…I continue to expect that overall PCE inflation for 2016 as a whole will come in well below 2 percent but will then move back to 2 percent over the course of 2017 and 2018, assuming no further swings in energy prices or the dollar.”
Good luck with that. We will never hike again.
Full text here: https://www.federalreserve.gov/newsevents/speech/yellen20160329a.htm
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