Looking forward to the #FederalReserve's policy meeting next week: Not just the recent elevated readings of actual #inflation will make officials a little uncomfortable about the dovish December pivot. Forward expectations have also moved up. At 3.2% for the next year,…

From the @wsj article, “Why Is the Federal Reserve Always Surprised by Inflation? The central bank owes the public an explanation—and a serious effort to correct its flawed model.” #economy #markets #centralbanks #econtwitter #federalreserve pic.twitter.com/9pXVdePJAr

Recommended reading for anyone wishing for the Fed to cut rates. americanliterature.com/author/w-w-jacobs/short-story/the-monkeys-paw#google_vignette

Would Fed chair Jay Powell leave his term early? Here's what he said in 2019 when the threat of forced removal was in the air: “It doesn’t occur to me in the slightest there would be any situation in which I would not complete my term other than dying.” www.wsj.com/economy/central-banking/a-brief-history-of-the-feds-uneasy-peace-with-the-white-house-608dee30?mod=hp_lead_pos3