Michael Moskow
Michael Moskow
Michael H. Moskowis currently vice chairman and senior fellow on the global economy at the Chicago Council on Global Affairs. From 1994 to 2007, he served as president and chief executive officer of the Federal Reserve Bank of Chicago. In that capacity, he was a member of the Federal Open Market Committee, the Federal Reserve System's most important monetary policy-making body...
core feed higher inflation oil price raise rising risk underlying year
Rising oil prices, like other unfavorable price shocks, can also feed through and raise underlying core inflation, ... So there is also a risk on the inflation front, and the risk is higher now than it was a year ago.
entails further inflation likely monetary policy removal
It will take appropriate monetary policy to keep inflation and inflation expectations well contained. For me, at this time, such policy likely entails further removal of policy accommodation,
effective evidence fed less monetary policy
There is no evidence the Fed is less effective in monetary policy