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#Powell

Some Thoughts On What Is Happening
Carol Wydra 1/3/2019 5:56:40 AM

Sir, you misinterpret me. #Powell can't be data dependent and on autopilot simultaneously. I'm all for the Fed blathering to the masses about what it's up to. Delivery your little speech and get the hell of the podium. The post press conferences are stupid.

I never referred to that Ayn Randster groupie's marble mouthed delivery but now that you brought him up, it was an insult to the public and he exposed himself as the fool he was. Worst Fed chief of all and that's saying a LOT.

Some Thoughts On What Is Happening
Marc Chandler 12/30/2018 12:31:15 AM

I do not think #Powell broke fresh ground indicating that the balance sheet reduction was on autopilot. The #Fed has intimated it before. It indicated that the balance sheet is not long a policy signal and that its reduction was technical in nature and would continue unless, the Fed approached the zero- bound again.

I also disagree about transparency being oversold. Given the immense power of the Fed and its relative insulation, transparency it seems to me, is integral to its accountability What is it doing and why? I get strategic ambiguity and can accept temporal inconsistencies, but I for one am happy that the purposeful obfuscation of the #Greenspan era is over--that "Secrets of the Temple" is a period piece. The system evolves.

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