Fed will overshoot rate increases

[pmbug]

 

[Fatrat]

Powell will remain on the board, and the vote will remain 7-2...Trump will piss himself.

 

[Casey Jones]

Powell will remain on the board, and the vote will remain 7-2...Trump will piss himself.

I hope so.

IMHO Powell is acting a lot moar responsible than The Greatest Ever.

 

[searcher]

Steady as she goes.

How very true. Lots of my political posts lead to this

 

[searcher]

FWIW

 

[pmbug]

Talk is nice. Waiting for action.

 

[searcher]

• The central bank’s Federal Open Market Committee on Wednesday is set to release its “dot plot” update of where individual officials expect interest rates to head.
• However, most Fed watchers on Wall Street expect new Chair Kevin Warsh won’t participate, either because he feels he’s not ready or simply because he doesn’t like the dot plot.
• Warsh objects to the grid and other methods of forward guidance because he believes they limit the Fed’s decision-making capabilities.

Fed Chair Warsh expected to withhold 'dot' from central bank's interest rate outlook

The central bank's Federal Open Market Committee is set to release its quarterly update of where individual officials expect interest rates to head.

www.cnbc.com

 

[searcher]

 

[searcher]

Update

Fed Governor Lisa Cook seems safe from Trump firing after Supreme Court arguments​

• Fed Governor Lisa Cook’s job seemed safe from firing by President Trump after Supreme Court justices skeptically questioned the Trump administration’s lawyers on Wednesday about the grounds for Cook’s would-be termination and its effect on the Fed’s historical independence.
• The case could have long-term effects on the Fed’s independence in setting interest rates.
• The arguments come less than two weeks after Fed Chair Jerome Powell disclosed he was under criminal investigation by the U.S. attorney’s office in Washington, D.C., over the central bank’s pricey building renovation project.

More:

Fed Governor Lisa Cook seems safe from Trump firing after Supreme Court arguments

Federal Reserve Chairman Jerome Powell planned to attend the oral arguments at the Supreme Court.

www.cnbc.com

Update:

US Supreme Court rejects Trump's unprecedented bid to fire Fed's Cook​

WASHINGTON, June 29 (Reuters) - The U.S. Supreme Court refused on Monday to let Donald Trump fire Federal Reserve Governor Lisa Cook as it stood firm to preserve the central bank's cherished independence against an unprecedented challenge by the Republican president.

The court, in a 5-4 ruling, blocked Trump's bid to become the first president to remove a Fed official since Congress created the central bank in 1913. In his second term as president, Trump has tested the limits of presidential power in numerous other ways as well.

The ruling follows the February 20 decision by the justices in another case with major economic ramifications to strike down most of Trump's sweeping global tariffs, a ruling that elicited a vitriolic condemnation of the court by the president.

More:

https://www.msn.com/en-us/news/us/u...-fire-fed-s-cook/ar-AA26NTRw?ocid=socialshare

 

[searcher]