POPA ReconFED WARSH PRESSER SUMMARY: INFINITYHEDGE
FED WARSH PRESSER SUMMARY: INFINITYHEDGE Tldr: "THE GOOD NEWS FOR YOU IS WE HAVE A TASK FORCE FOR THAT" WARSH: FED DROPS FORWARD GUIDANCE FROM POLICY STATEMENT; MARKETS SHOULD REACT TO REAL-TIME DATA RATHER THAN TRYING TO ANTICIPATE FED MOVES "Forward Guidance not well-suited to the current policy conjuncture"......think financial markets perform best when they react to incoming data. I think the financial markets work less efficiently when they ask a question, how will the Fed react to that incoming info" WARSH: FED IS UNANIMOUS AND UNAMBIGUOUS IN COMMITMENT TO DELIVER 2% PRICE STABILITY…
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