Video

Data

Text duration start ents sentiment
policy interest rate near zero 4.4 Jump to 51.76
    CARDINAL zero
months averaging 365 000 per month over 5.441 Jump to 168.959
    CARDINAL 365
    CARDINAL 000
the past three months 4.0 Jump to 172.319
    DATE the past three months
has risen by 6.4 million jobs 5.2 Jump to 176.319
    CARDINAL 6.4 million
sharply falling two percentage points 4.321 Jump to 181.519
    CARDINAL two
over the past six months 6.0 Jump to 183.68
    DATE the past six months
to reach 3.9 percent in december 5.759 Jump to 185.84
    PERCENT 3.9 percent
run goal of two percent 4.399 Jump to 247.92
    PERCENT two percent
inflation that is well above our two 4.401 Jump to 362.479
    CARDINAL two
thank you for the first question we'll 3.84 Jump to 504.639
    ORDINAL first
actually two-sided risks now 3.92 Jump to 564.88
    CARDINAL two
began raising rates in 2015. 4.96 Jump to 591.92
    DATE 2015
inflation is running well above our two 3.04 Jump to 600.16
    CARDINAL two
over over the course of two or three 4.08 Jump to 920.16
    CARDINAL two or three
would point you to principle number one 3.761 Jump to 962.959
relationship between the two for example 5.2 Jump to 997.92
    CARDINAL two
reluctant to land on one of them that 4.24 Jump to 1023.04
    CARDINAL one
financial conditions not one or two 3.679 Jump to 1121.12
    CARDINAL one
    CARDINAL two
things one or two markets and what we're 4.321 Jump to 1122.799
    CARDINAL one
    CARDINAL two
we're not looking at any one market or 3.119 Jump to 1143.44
expected three rate increases this year 3.68 Jump to 1160.4
    CARDINAL three
    DATE this year
you know it's six weeks seven weeks 5.36 Jump to 1164.08
    DATE six weeks
one sort of technical question and one 4.56 Jump to 1417.76
    CARDINAL one
    CARDINAL one
correct that's the first thing second of 4.081 Jump to 1437.919
    ORDINAL first
    ORDINAL second
balance sheet is a complicated one and 4.96 Jump to 1493.44
it's time to stop asset purchases first 4.96 Jump to 1592.48
    ORDINAL first
and my guess is we'll have at least one 3.92 Jump to 1647.84
    CARDINAL at least one
said wrists are two-sided i'm wondering 4.159 Jump to 1694.0
    CARDINAL two
and then second chappal i have a quick 6.32 Jump to 1705.44
    ORDINAL second
you asked about the risks first so you 5.281 Jump to 1748.799
    ORDINAL first
know the one risk is that inflation 5.199 Jump to 1751.36
    CARDINAL one
different outcomes including the one 3.601 Jump to 1791.279
expansion we saw labor first 3.039 Jump to 1809.12
back down to our two percent goal 4.799 Jump to 1837.36
    PERCENT two percent
so i mentioned two-sided risks 3.921 Jump to 1839.679
    CARDINAL two
a couple things one 4.799 Jump to 1843.6
december is a reasonable one and if 3.039 Jump to 1962.48
we get from here seven percent cpi to 4.0 Jump to 1972.159
    PERCENT seven percent
raise my own estimate of 2022 5.76 Jump to 1993.12
    DATE 2022
an impulse to growth over the last two 3.359 Jump to 2080.72
    DATE the last two
so that's another thing the other one is 3.44 Jump to 2086.32
inflation back down to two percent it's 4.08 Jump to 2126.48
    PERCENT two percent
larger increments and say doing a 50 4.48 Jump to 2191.68
    CARDINAL 50
2015 16 17 18 we were raising rates 5.92 Jump to 2220.24
    DATE 2015 16 17 18
inflation was very close to two percent 4.08 Jump to 2224.4
    PERCENT close to two percent
even below two percent unemployment was 5.199 Jump to 2226.16
the two to three percent range 4.16 Jump to 2234.4
    PERCENT two to three percent
substantially above two percent and and 4.0 Jump to 2238.56
    PERCENT above two percent
for 2022 we still see growth higher than 5.36 Jump to 2246.88
    DATE 2022
february of 2020 4.08 Jump to 2292.88
    DATE 2020
over year inflation's at a 40-year high 4.08 Jump to 2463.68
    DATE 40-year
index for all of 2021 was the highest on 4.48 Jump to 2467.76
    DATE 2021
25 basis points discussed today and as a 4.4 Jump to 2478.4
    CARDINAL 25
    DATE today
the chip shortage will last into 2023 so 4.401 Jump to 2493.359
    DATE 2023
uh in the second half of this year 2.641 Jump to 2517.359
    DATE the second half of this year
they'll go more than through to uh 2023. 6.0 Jump to 2538.64
    DATE 2023
rates until you get inflation to 2 6.319 Jump to 2626.8
    CARDINAL 2
do you want to go below 2 so that on 5.36 Jump to 2630.16
    CARDINAL 2
average you get a two percent inflation 4.641 Jump to 2633.119
    PERCENT two percent
below two percent 4.081 Jump to 2652.079
    PERCENT below two percent
well anchored at two percent that that's 3.28 Jump to 2664.48
    PERCENT two percent
average two percent over time and if 2.961 Jump to 2676.319
    PERCENT two percent
inflation doesn't average two percent 3.041 Jump to 2677.839
    PERCENT two percent
at two percent so that that's the way we 3.44 Jump to 2682.72
    PERCENT two percent
around two 2.96 Jump to 2719.52
    CARDINAL two
that for 2022 4.4 Jump to 2722.48
    DATE 2022
to two percent 3.36 Jump to 2737.44
    PERCENT two percent
no one really knows what that will take 4.0 Jump to 2748.4
two percent and a situation where where 5.439 Jump to 2766.16
    PERCENT two percent
the two goals or the two goals can be 4.08 Jump to 2768.64
    CARDINAL two
    CARDINAL two
it's a difficult one but but i i don't 3.2 Jump to 2772.72
shocking amount in one course so there 3.52 Jump to 2918.64
    CARDINAL one
and look in 25 years we'll look back at 5.119 Jump to 2991.2
    DATE 25 years
two three four five year period 4.081 Jump to 2996.319
    CARDINAL two
    DATE five year
how that looks in 25 years 4.079 Jump to 3018.24
    DATE 25 years
one thing i would say another is 3.919 Jump to 3074.64
    CARDINAL one
two to your treasury the ten-year 3.44 Jump to 3080.96
    CARDINAL two
    DATE ten-year
treasury i think that's around 75 basis 2.879 Jump to 3082.48
telling us and it's but it's one of many 4.72 Jump to 3102.16
    CARDINAL one
you mentioned really asset prices is one 3.041 Jump to 3297.839
of the four 2.799 Jump to 3299.76
    CARDINAL four