Episode Details

Andrew and Ben discuss Kevin Warsh's first Fed meeting ending forward guidance and launching task forces on communication and data quality, the massive curve flattener with the 2-year jumping 17bps and the 30-year dropping 6bps, restored inflation credibility through lower TIPS breakevens, the media pushback led by Nick Timiraos, Trump's pivot into midterm "it's the economy" mode after signing the Iran deal, today's Philly Fed print, and the Bank of England holding at 3.75% with a 7-2 vote as gilts sold off.


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