Feds monetary policy
It is fair to say few have had much of a clue
how the extraordinary monetary policy measures
during and after the crisis would play out.
Now as the Fed pushes on its unwinding strategy
there is also no real template for how it will play
out in the coming quarters and years. Instead of
positing answers that are may to be wrong, here
are some potential points that investors
should watch for.
First, expect more noise out of the Fed in
terms of more muddled messaging and static.
Depending on how the White House fills the
empty positions on the Board of Governors, the
Fed could soon have quite a diferent
philosophical bent than the data-driven approach
that marked the Bernanke/Yellen years.
After all,Jerome Powell is the first Fed governor since
William Miller, who left office in 1979, with no
formal economics training.
EU Forecast
euf:b18:117/nws-01