Posted by DigiNomad on 1st of May 2024 at 01:28 pm
I think Janet might give JPOW some leash on the honesty front
pretty soon. Right now he is completely censored and hasn't said a
peep about either fiscal policy or illegal immigration effects (he
is self censoring but I'm sure there is a ton of pressure in an
election year). Anyway, I think Janet might green light some
honesty just to get closer to a rate cut. Higher rates are
not helping curb inflation and JPOW can't control it at this
point....we're in fiscal dominance phase. He can tiptoe
around that point to some middle ground if Janet allows.
The hard part about changing courses is that Congress and the
Admin are very happy being able to point fingers at the Fed when
people complain about inflation. Just a couple of weeks ago, the
deputy Treasury sec said "Inflation is completely under the Fed's
purvue, but I think they are doing a good job overall." He
was VERY quick to make sure the CNBC audience was pointing the
finger at the Fed and not the fiscal side.
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I actually read this in
Are we are at the stage now where the market ...
Posted by arun on 1st of May 2024 at 12:52 pm
I actually read this in few places that Yen weakness is worrying fed and they may signal dovish
Maybe .... rumour has it
Posted by mla127 on 1st of May 2024 at 01:04 pm
Maybe .... rumour has it Jay's most played song on his Spotify is this hits from the 80's ... can't be a coincidence ...
I think Janet might give
Posted by DigiNomad on 1st of May 2024 at 01:28 pm
I think Janet might give JPOW some leash on the honesty front pretty soon. Right now he is completely censored and hasn't said a peep about either fiscal policy or illegal immigration effects (he is self censoring but I'm sure there is a ton of pressure in an election year). Anyway, I think Janet might green light some honesty just to get closer to a rate cut. Higher rates are not helping curb inflation and JPOW can't control it at this point....we're in fiscal dominance phase. He can tiptoe around that point to some middle ground if Janet allows.
The hard part about changing courses is that Congress and the Admin are very happy being able to point fingers at the Fed when people complain about inflation. Just a couple of weeks ago, the deputy Treasury sec said "Inflation is completely under the Fed's purvue, but I think they are doing a good job overall." He was VERY quick to make sure the CNBC audience was pointing the finger at the Fed and not the fiscal side.