„The risks have flipped around, the labor market seems stabilized, and inflation has been taking off, which changes how you think about policy.”
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Narrative analysis · policy
Central Bank Monitor
Where each rate-setter stands, read from their own words. Every entry is an attributed public remark with its source and date; the stance scale runs dove to hawk and records the shift since the previous reading. An editorial interpretation of public statements, not advice.
Policy divergenceFED 3.8 · ECB 3.7 / 5
FEDECB
DoveHawk
Federal Reserve
Committee lean
DoveHawk
Christopher WallerVoterGovernor
lean-hawkish↑
Jerome Powell
lean-hawkish·
„the central bank is in no rush to cut rates, emphasizing the need for more evidence that inflation is sustainably moving toward the 2% target…”
Kevin WarshVoterChair
lean-hawkish↑
„Warsh pointed to the Iran conflict’s energy price effects as part of the inflation…”
Mary DalySan Francisco Fed President
lean-hawkish·
„She says the policy is “slightly restrictive" but acknowledges scenarios where the Fed must fight inflation.”
European Central Bank
Committee lean
DoveHawk
Christine LagardeVoterPresident
neutral↑
„redefining the term “forward guidance” to mean a specific commitment to a future path of interest rates instead of just how the central bank would think about setting interest rates…”
Isabel SchnabelVoterExecutive Board
lean-hawkish↑
„ECB governor Schnabel warned that despite the oil price decline, we're not back at the…”
Philip LaneVoterChief Economist
lean-hawkish·
„A final 25 basis point ECB rate hike in September remains expected, with officials including Chief Economist Philip Lane continuing to signal it is possible…”
Stance readings are Hawk Thorne’s editorial interpretation of attributed public remarks, with every source linked. They characterise statements, not intentions, and are not investment advice.
