Tom Graff on the July FOMC Meeting and the Recession Debate
Macro Musings with David Beckworth
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What Is Your Sense of Forward Guidance?
In the beginning part of the fed cutting rates all the way to zero in late two thousand eight, the mar didn't really believe it was going to stay that way for very long. The futures markets were pricing hikes a year or so into the future at the time. I think what people most often criticised the fed with, and i think this came up in the pressery yesterday, was whether ford guidance sort of caused them to be too slow to this time around. Now, i do think at this moment, right, it's smarter to give no guidan than it is to suggest maybe a cutwood capin at some point down the road. As i said earlier, you don
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