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UBS On-Air: Paul Donovan Daily Audio 'Powell, policy, and perceptive questions'
Published 1 year, 6 months ago
Description
Federal Reserve Chair Powell is testifying to the Senate Banking Committee today. The issue is whether Powell (who is not an economist) will be able to answer any perceptive questions that might be asked. If US inflation is lower than in Europe, why is the Fed not cutting rates? Why emphasize data dependency when data is unreliable and policy works with a lag?