Recent Commentaries

Just listen to Jay

Please take one minute from your day and read the following three excerpts from Jay’s JH speech today. They are pure unadulterated dovishness: “We have much ground to cover to reach maximum employment, and time will tell whether we have reached 2 percent inflation on...

read more

Long-horned hawk down

In last Friday’s note I highlighted the following two statements from the recent FOMC minutes: “Some participants saw the incoming data as providing a less clear signal about the underlying economic momentum and judged that the Committee would have information in...

read more

Jay is not even showing up to JH — what a dud!!

Yesterday the Fed announced that Jay will be speaking virtually at Jackson Hole next Friday. The conference is technically scheduled to be an in-person event, so his decision to skip all the usual festivities is no doubt a serious blow to the organizers. And for the...

read more
error: Content is protected !!