Speaking in Germany
Inflation expectations over last few years have been relatively stable
Household expectations are sensitive to energy prices
There are common factors adding to low Eurozone and US inflation
Market based measures of inflation are affected by a lack of liquidity and volatility
Risks around Fed forecasts should not paralyse policy makers
Calls for error bands to be introduced around Fed's quarterly projections
The speech is on Inflation dynamics so not really anything on monetary policy. Not quite error bands but the BOE use a fan system when they produce the inflation report and that's something that gives them some breathing room, not that many people pay attention to it.
Loretta Mester kicks off a trio of Fed speakers today with Eric Rosengren up next at 15.45 GMT and Esther George at 18.15GMT. Squeezing himself into all of that is the ECB VP Vitor Constancio at 18.15GMT
And I've just seen that BOE's Andy Haldane is due to speak in Scotland at 18.45GMT. Aren't we blessed?