Tom Graff on the July FOMC Meeting and the Recession Debate
Macro Musings with David Beckworth
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Is Forward Guidance Convenient?
forward guidance is effective. You're saying it empowers the fed. Fackt. It gives the fedmore ammunition. They can make a little move with a big bang, because they've guided people like you. And i think maybe sometimes they let that part of the communication slip a bit. But look, i think market pents right have to realize that, in fact, it is conditional. I would love to live in a world where they communicated a bit more in terms of their reaction function.
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