NY Fed's John Williams slightly revises up his PCE inflation forecast for the year to 2.25-2.5% in a new speech.

It was 2-2.25% as of Feb 28.

New speech: newyorkfed.org/newsevents/spe…
Old speech: newyorkfed.org/newsevents/spe…

A great FOIA from Ben here:

Nothing better than opening your Saturday morning paper to a beautiful Ben Casselman Emma Goldberg Ella Koeze collab.

Read it here: nytimes.com/interactive/20…

Chair Powell on climate/banks:
'There are no new initiatives, we are not going to change our capital requirements to reflect climate risk or anything like that, I am really determined that we are not a climate policymaker.'

Chair Powell makes it clear that the Fed could repropose Basel III Endgame.

“We do hear the concerns, and I do expect that there will be broad and material changes to the proposal,” he says. Adds that the final product will have “broad support” in the Fed and the world.

How many times to we think the Fed's Basel III Endgame bank regulation proposal is going to come up during this Jerome Powell testimony? (Rep. Barr has already called it 'irredeemably flawed')
financialservices.house.gov/calendar/event…

Sad to learn that millennials have come for TikTok only *after* my story about how and why millennials come for... well... everything.
nytimes.com/2024/03/02/bus…
wired.com/story/tiktok-m…

Revamped bank liquidity rules are coming in the wake of the 2023 SVB-led crisis — and it turns out, the proposal could drop as early as this spring.

Me and Rob Copeland with a few scoopy details on what to expect.

nytimes.com/2024/03/05/bus…

The Monster has a point. Snack food and candies are common candidates for shrinkflation.

More in our shrinkflation explainer: nytimes.com/2024/03/01/bus…

Millennials actually kind of *were* the center of the universe, statistically speaking.

My story on what America's huge crowd of 33-year-olds has meant for the economy. Come for the anecdotes, stay for the Ben Casselman-invented sweater analogy.

nytimes.com/2024/03/02/bus…