Karim Basta: Further cut to gwth outlook Financial conditions tighter and housing getting worse Inflation receives greater concern than prior statement Conclusion: downside risks predominant
Topic: Discussion of March 18th FOMC meeting Aired: Tuesday, March 18th, 2008 @ 11AM EST Note: The audio doesn’t work in the beginning – equipment
Yes, Fisher is on record as the lead inflation hawk. If he’s right and it turns out Bernanke cut rates into a 70’s style inflation
Congress sees their voters facing prices that are rising faster than incomes due to Fed rate cuts driving the $ down. Bernanke testifies that price
On 3/1/08, Wray, Randall wrote: agreed supervisors/regulators need to do their job. however there is also something to be said for economic growth restoring balance
Bernanke may be reminded of the reason the dual mandate includes inflation – voters don’t like inflation even more than they don’t like unemployment. As
Plosser is perhaps the most hawkish Fed president. Look for a dove to speak soon to soften this stance? (intro remarks deleted) The FOMC and
My guess is the GDP forecast the Fed is now getting from it’s staff is not a downgrade from previous forecasts, and may even be
If I were a mainstream economist and on the FOMC (I’m not either, they are both), and world equity markets were firm going into the
The desire to accumulate $US financial assets has been diminished for at least the following reasons: Treasury policy – Paulson is actively pushing both a