Cutting back on the number of meetings, FMI acknowledges, might be too radical a step for a new Fed chairman. Still, if Powell is going to hold more news conferences, he should make the most of them.
FMI’s commentary on how Jay Powell could improve further on his pretty good start as Fed chairman. Unfortunately, we harbor no illusions that these recommendations will be adopted. We offer them as food for thought -- and perhaps a smile -- for a Friday afternoon.