Philadelphia Fed President Harker (FOMC non-voter) speaks: In recent comments, Harker shifted to the more hawkish end of the FOMC, as he “doesn't want the Fed to get behind the curve.” We expect him to be an advocate of three hikes in 2017 and to prefer near-term hikes to hikes later in the year.
Chicago Fed President Evans and Atlanta Fed President Lockhart (FOMC non-voters) speak: Evans and Lockhart will hold a conversation on the economic outlook and policy. As Evans has been relatively dovish and Lockhart relatively hawkish, we expect the conversation to shed light on the rationales of their different positions. We expect this panel to a very interesting monetary policy conversation.
Atlanta Fed President Lockhart (FOMC non-voter) speaks: Following the morning panel, Lockhart speaks in a different forum and will take questions from the audience. We expect a repeat of his 1/09 views.
St. Louis Fed President Bullard (FOMC voter) speaks: Bullard maintains his state-space monetary policy framework. In September, he said he thought one rate hike would be appropriate. Following the December hike, he is now calling for one more.
Fed Chair Yellen (FOMC voter) speaks: Yellen will speak to a panel of educators; we expect no monetary policy content.
*Times reported are local NY time.
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