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There Are No Doves Left At The Federal Reserve | Nick Timiraos
Forward Guidance
The Fed's Effort to Tie in Financial Conditions
In May, Powell said the most likely outcome would be a 50 in June and July. But then they went into 75 after the May CPI was hot a few days before the June meeting. Now you've heard people like Jim Bullard recently come out and say, yeah, I was in favor of getting the three and a half by the end of the year but now I think it's going to need to be four. Big question is how much longer the consensus will hold on monetary policy.
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