Fed Chatter
Discussions of the Fed between now and the meeting in December will be concerned with a few dominant issues such as potential changes in the language in the minutes, the transition to a new chair, explicit inflation targets, transparency, and what rate will be considered neutral by the FOMC. Caroline Baum of Bloomberg covers the change in the Fed statement and Kevin Hassett of Bloomberg has advice on how to avoid roiling markets during the transition. The Financial Times believes we are close to neutral. Jim Hamilton wonders if an inverted yield curve edges closer and hopes the Fed will pause in time. Tim Duy's Fed Watch looks at Fed signals regarding a pause. And, for something different, Bloomberg discusses outspoken Dallas Fed president Richard Fisher, the Fed's 'Weakest Member'. An earlier Houston Chronicle report has more.
Posted by Mark Thoma on Monday, November 28, 2005 at 12:15 AM in Economics, Monetary Policy |
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