Drew Matus Fed Quotations

If we get more inflationary data, that could bring people back to their senses. Just because the Fed talks about inflation in a benign way one meeting doesn't mean that feeling will be pervasive at the next meeting.

Looking ahead, we can't see what is going to cause a downturn of enough significance to take inflationary pressure out of the economy and cause the Fed to stop raising rates.

I think if you look at the way the U.S. economy has developed over the last few months, you still have strong payroll growth, you've got a little bit of inflation pressure and you have very strong income growth. So the actual economy is not all that different from when the Fed started its rate hike cycle.

Ferguson is very operationally oriented. I think that's a role the Fed needs, but I'm not sure that's what administration is looking to put into the top spot.

This is as aggressive as I've ever seen for the Fed in terms of making clear that they're raising rates and that they're not near being done.

It puts the Fed in a position they probably don't want to be in, but they'll have to keep raising rates.

The big wild card becomes what the Fed does about it. That's why the bond market is rallying -- rather than concentrate on the inflationary aspects of higher oil prices, the market thinks the Fed will focus on the growth aspects.

The Fed keeps trying to walk the middle course, and unfortunately that gives ammunition to people who think the Fed should be raising rates more and ammunition to people who think the Fed should be done.

I don't think this is going to draw much in the way of the Fed's attention. It was delayed for some time, and nobody from the Fed was complaining. They don't focus on it.

The market liked what it didn't see. The market got itself worked up about the Fed possibly being more aggressive about inflation and when that didn't appear in the minutes, investors then focused on a relatively benign view of inflation.