An update on the status of the economy and its implications for monetary policy

Richard W. Fisher

No 68, Speeches and Essays from Federal Reserve Bank of Dallas

Abstract: Remarks for the Annual Joint Luncheon of Commercial Real Estate Women Dallas and North Texas Certified Commercial Investment Members, Dallas, Texas, August 16, 2006 ; \"In determining future policy, my colleagues and I will watch and listen and \"taste\" the indicators carefully as they come in. And, as we said at the conclusion of our last FOMC meeting, we will act accordingly. If anybody tells you with absolute conviction that the Fed is done raising interest rates or with equal conviction that they have only paused and will raise rates more starting in September or October, remind yourself that at best--and I?m being generous here--they are only guessing.\"

Keywords: Federal Open Market Committee; Housing; real estate investments; Monetary policy; economic conditions - United States (search for similar items in EconPapers)
Date: 2006
References: Add references at CitEc
Citations:

Downloads: (external link)
http://dallasfed.org/news/speeches/fisher/2006/fs060816.cfm (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:feddsp:68

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Speeches and Essays from Federal Reserve Bank of Dallas Contact information at EDIRC.
Bibliographic data for series maintained by Amy Chapman ().