UBS On-Air: Paul Donovan Daily Audio 'Powell, policy, and perceptive questions'
UBS On-Air: Market Moves · Podcast owner
July 9, 20241m 53s
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Show Notes
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?