4min chapter

Forward Guidance cover image

Jim Bianco on Fed Chair Powell's Reluctance To Discipline The Bulls (February 2023 FOMC)

Forward Guidance

CHAPTER

Getting Permissionless in Austin, Texas, Is a Good Idea

The Fed is trying to rein in inflation with a reverse wealth effect or tightening financial conditions. Jack Schlossberg: Powell really puts a prime focus on inflation data and pretty much everything is secondary or tertiary to him. The state of the consumer seems strong and also housing is so weak, he says. But what you think about the amount of aggregate spending, as well as other data, maybe carrying a little less than he may have let on a few months ago? And then also I'm curious about some economic data that is not so much macroeconomic coming from agencies, government agencies, but individual companies like Visa, MasterCard, Amex.

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