we are about to find out if collegiality can trump contempt - if Mester derides Brainerd's Global Mandate then we have Game On - chalk bet is that she plays nice BUT sometimes the long shots come in (but you can go broke waiting)
"I do not think the FOMC is behind the curve, but while there are risks to moving too soon, there are also risks to waiting too long to take the next steps on the normalization path given the lags with which monetary policy affects the economy. We live with uncertainty and one could always make the case that we should wait to act until we gather more information. But waiting until every piece of data lines up in the correct way means waiting too long and risks having to move rates up more aggressively in the future, with negative impacts on our economy. Similarly, forestalling rate increases for too long in light of financial market volatility that doesn't affect the outlook may simply produce more volatility in the future if we find ourselves having to increase rates more aggressively than anticipated to achieve our goals."
A non-dissenting voting member - you make the call
nw kw 17:16:41 GMT - 04/01/2016
you take profit in gold miners for a run, was up biggest .
Mtl JP 17:27:19 GMT - 04/01/2016
nh the policy-making bank collective of cretins speaks true to economists' one one hand and on the other where they do not want to be pinned and be held responsible for an unequivocal stance. Even Yellen insists to be seen as a spokesman on behalf of a collective decision.
In nearly every other profession I can think of in which someone claims higher authority due to degree, diploma or licence their word is deemed to be true(er) than that of a lay person's. But in turn they can be held responsible for their assertions.
That is why these cretins (who are not stupid by virtue of their diplomed education) talk like lawyers who give a legal opinion - which only lays out both sides of the coin like the economists one vs other hand - but extremely rarely and then only extremely carefully and with the approval of the rest of the lawfirm's partners before giving out a advice (for which the fees are multiple many times more than those for an opinion) because to giving out advice is attached responsibility for being right or wrong.
These PhD'ed economists becometh bankers need to feel the heat of personal responsibility / liability. Until then they will have a free romp.
Livingston nh 17:32:43 GMT - 04/01/2016
JP - It appears to me that she is saying she cut Yellen some slack but there will be no "next time" -- the problem w/ yellen is that she has never been subjected to rigorous cross examination and the quick cut-off of irrelevant commentary in a deposition -- "M'am, just a yes or no will suffice"
dc CB 18:03:47 GMT - 04/01/2016
just another Grifter.
Headlines: U.S. Kept Up Pace of Hiring in March, Adding 215,000 Jobs
This Is the Job Market We’ve Been Hoping for All These Years
OPM shud take the Dow above the so far denied 17800.
dc CB 18:47:41 GMT - 04/01/2016
Thanks to the release of Fed chief Yellen's February diary, we now know exactly when she called Bank of England Governor Carney and ECB President Draghi. Can you guess when?
Marking the exact bottom... As someone suddenly decide to panic-buy stocks right as Carney's 40 minute conversation was over - and all amid spiking CDS, collapsing bank stock prices, surging Yuan vol, and "real" crashing earnings expectations...
Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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