Pay No Attention To These Projections
"These projections do not represent a committee decision or a plan," Jerome Powell said Wednesday, during his post-FOMC chat with reporters.
The new dot plot, which tipped two rate hikes in 2023, was variously described as surprisingly hawkish.
It's important, I think, to take a step back and consider what it is we're describing as "shocking" (on the hawkish side) these days. Rates are at the lower-bound. No one at the Fed sees a rate hike in 2021 despite two straight months of scorching-hot i
““We did not actually have a discussion” about liftoff”
– always smooth with the ladies J Powell
(He didn’t have to say it, we all know he was thinking about thinking about it)
good one Ed. Best one-liner (two??) I have heard in a few days.
Two events today…. non events in reality.. Biden -Putin orchestrated photo -op.. and the Fed thing !..Could have just as well told us “mind your own Business ..folks we will take care of it ”
Me I went fishing just before noon in anticipation of what transpired and was not disappointed on my return . Now for tomorrow !..
As much people like to jab him, what else is he supposed to say? Powell is learning.