....Evans. He says it's possible jump in unemployment may presage recession but falling jobless claims and rising retail sales suggest economy not in recession now. Modt important Charlie says yes policy is most likely more restrictive than needed and rates need to come down. BUT after saying over and over Fed must get to 2% inflation can, will Powell be ready to say 2.6% is close enough? He says at September meeting Fed needs to a new communication on its policy strategy that spells out more than "data dependent" and provides a clearer guidepost to what's driving them now.
Take the time to listen. Get a sense of how a lifelong central banker who importantly is a top mone
Another simple clear summation from Sri of the reasons why a Fed September rate cut should not be fully priced in even as "cheerleaders for investors" pound the drum for more, bigger cuts NOW. In support of Sri's ca this I recommend listening to my interview with former Chicago Fed president Charlie E
Greetings, Kathleen. You get so many of us thinking about central banks and their massive impact on the global economy. Thank you!
....monetary economist thinks, and goes far beyond "will thecFed cot in September, will they do 25 or 50" etc.
Thanks Sri for getting my brain going as I sit outside and drink my Saturday morning coffee. Cheers!
I think the Fed bosses, and the Chairman need to start reading Sri's posts. No doubt some common sense and good judgment would help!
....Evans. He says it's possible jump in unemployment may presage recession but falling jobless claims and rising retail sales suggest economy not in recession now. Modt important Charlie says yes policy is most likely more restrictive than needed and rates need to come down. BUT after saying over and over Fed must get to 2% inflation can, will Powell be ready to say 2.6% is close enough? He says at September meeting Fed needs to a new communication on its policy strategy that spells out more than "data dependent" and provides a clearer guidepost to what's driving them now.
Take the time to listen. Get a sense of how a lifelong central banker who importantly is a top mone
Another simple clear summation from Sri of the reasons why a Fed September rate cut should not be fully priced in even as "cheerleaders for investors" pound the drum for more, bigger cuts NOW. In support of Sri's ca this I recommend listening to my interview with former Chicago Fed president Charlie E