My colleagues and i continue to expect the effects of these factors on inflation will be transitory. However, the recent additional decline in oil prices and further appreciation of the dollar mean that it will take a bit more time for these effects to fully dissipate. Charlie joining me now is glenn hubbard, the dean at columbia business school, a Top Republican economic advisor. Gillian tett is u. S. Managing editor at the financial times. Alan blinder is a professor at Princeton University and a former fed vice chairman. David leonhardt of the New York Times will be joining us. He has joined us now. I am pleased to have him as well. Alan, give me a sense of what happened today. And what might these deliberations have been like . Alan i think they were contentious in a polite sort of way. Everything is polite. They dont throw forks and spoons or things like that. The committee is divided. From the statement, you can tell clearly that janet yellen was on the dovish side and was in her
Factors on inflation will be transitory. However, the recent additional decline in oil prices and further appreciation of the dollar mean that it will take a bit more time for these effects fully dissipate. Charlie joining me now is glenn hubbard, the dean at columbia business school, a Top Republican economic advisor. Gillian tett is u. S. Managing editor at the financial times. Alan blinder is a professor at Princeton University and a former fed vice chairman. David leonhardt of the New York Times will be joining us. He has joined us now. I am pleased to have him as well. Alan, give me a sense of what happened today. And what might these deliberations have been like . Alan i think they were contentious and a polite sort of way. Everything is polite. The committee is divided. From the statement, you can tell clearly that janet yellen was on the dovish side and was in her own polite way not getting resistance. There was no little bone thrown to the hawks in this statement. I was surpri
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