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Fed Will Hike Rates Into Economic Train Wreck | Danielle DiMartino Booth
Forward Guidance
The Fed's Time Is Not on His Side
Demartino Booth: Powell wants to tighten monetary policy and kill the Fed. So he's got to do it in July in September while core inflation is still high, so you can justify it to his fellow FOMC members. And right now, you know, he's had one more defection from the dot plot,. He's lost Bostick, who's not a voter. But nonetheless, you now have three. You have Mary Daly, Austin Goolsbee and Raphael Bostick; Atlanta Fed has said publicly I disagree with Powell.
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