Tag: Jerome Powell

Despite the downward pressure on inflation, supply-side dynamics and numbers do not suggest the underlying inflation rate is near (or approaching) the Fed’s target. Thus the Fed should not have a shocked face each month when the underlying market data exhibits something other than a perfectly normalizing market … despite our deepest desire to see one…

There are some simple life lessons in business: It is hard to be liked by all people and it is hard to be liked all the time.  Leaders at central banks and investment firms know this very well… today’s economic crisis will likely end with a simple reminder of these lessons…