"This is especially true when things are as strange and up in the air as they have been through much of the pandemic times," Goolsbee said in the text of his first public remarks since taking over as head of the Fed regional bank on Dec. 1 from Charles Evans.
"It is a danger and a mistake for policymakers to rely too heavily on market reactions" like stock and bond market gyrations that "tell us which way the markets want the Fed to move," he said. Financial markets increasingly are pricing in expectations that the U.S. central bank will raise its benchmark overnight interest rate in coming months to a 5.25%-5.50% range, from the current 4.50%-4.75% range, as it seeks to curb stubbornly high inflation. That's slightly higher than where Fed policymakers in December signaled they would need to take the policy rate.
We will go when it's time
We would all be better if the Fed was more concerned with the market reaction on Main Street rather than Wall Street. Wall Street reacts and then screws the consumer with high credit card rates, mortgage rates, small business loan rates, etc. React to that Fed.
Are you kidding? Who do you think 'the FED' works for? It's not a gov't agency, as most people think. It's a bunch of banks trying to increase profits.
How about artificial intelligence, Ike treating it like a supervised learning problem with a very limited number of target outputs, presumably some measure of inflation and output, and using ensemble method where each Reserve Bank inputs one model
With the live broadcast for 96 days, several devices were down, but our fellow fighters are still up 直播96天，设备都坏了几台，战友们仍在奋战🔥
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