POPA ReconFed Press Conference Takeaways:
Fed Press Conference Takeaways: Tldr: THE GOOD NEWS FOR YOU IS WE HAVE A TASK FORCE FOR THAT 1. Short statements. 2. No forward guidance. 3. Warsh said financial markets perform best when they react to incoming data not on "how will the Fed react to that incoming data" 4. FOMC ‘unambiguously and unanimously’ going to deliver 2% inflation. We'll fix five years of misses on inflation, warsh said 5. Warsh announced task forces that will look into several areas and make recommendations for improvements by yod: communications, the balance sheet, use of data sources, productivity and jobs, and th…
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