2min chapter

Forward Guidance cover image

Jay Powell’s Plan To Kill The “Fed Put” | Danielle DiMartino Booth

Forward Guidance

CHAPTER

The June Dot Plot for 2023 and 2024

The June dot plot on the right shows that now the median dot plot is at 5.6% where Federal Reserve, Federal Open Market Committee members think interest rates will be for 2023. In March, they thought it would be 5.1%. My venture is that Powell is the top dot. Right underneath him would be his two chief lieutenants, Christopher Waller and John Williams. They're the first Fed speakers to come out of the gate. I don't think that that is un-choreographed. I think that's very choreographed.

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