Asked about labor market data and whether it leans dovish or hawkish
Host
Governor Martin
Yesterday's data was dovish and should move people toward cutting rates
Challenges with Fed Governor Barr's hawkish view that inflation is closer to 3% than 2%
Host
Governor Martin
Inflation excess is a mirage due to statistical measurement issues, not supply-demand imbalances
Governor Martin
Market-based inflation measures closer to 2% than 3%, mistake to cause job losses over statistical quirks
Questions timing of Fed meetings relative to data releases
Host
Governor Martin
Policy should be forecast-dependent, not data-dependent; all recent information dovish
Asks about dissent for 25 basis point cut
Host
Governor Martin
Would absolutely vote for 25 basis point cut if marginal vote
Questions about potential reacceleration from tax refunds and stimulative measures
Host
Governor Martin
Supply-side factors like regulation relaxation don't have hawkish implications
Governor Martin
Wouldn't look through inflation bumps from stimulus checks but policy not formalized yet
Questions about financial market risk taking and whether it should concern FOMC
Host
Governor Martin
Mistake to conflate financial markets with monetary policy; housing conditions still tight
Questions about K-shaped economy and wealth inequality concerns
Host
Governor Martin
Fed tasked with maximum employment and stable prices, not solving all social problems