Report
For Powell Fed, Less Would Be More
posted by Michael Lewis on June 22, 2018
Found in US, categorized in Monetary Policy
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Headline
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.
Abstract
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.