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Fed moves closer to decision on 'tapering' massive stimulus
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Fed Meeting Will Focus on Tapering Timeline
By Nick Timiraos
Hawks vs doves: US Federal Reserve divided over when to dial back economic support
By Colby Smith & James Politi
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Formerly TwitterMohamed A. El-Erian
elerianm
Posted earlier:
As a follow-up to yesterday's #FederalReserve press conference, here are some thoughts on why Chair Powell's surprisingly dovish tone and content may end up being appropriate...though not for the reasons he put forward.
www.ft.com/content/aa8c68f7-9dad-465f-ab92-c64c38337a84
#economy…
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Mohamed A. El-Erian
elerianm
From @CNBC, the day after the #FederalReserve's policy announcement and the Chair's press conference.
So much for the effectiveness of the Fed's forward policy guidance.
While the concept of forward policy guidance is sound, the way it has been implemented in recent years has… pic.twitter.com/8C1wVHYWEJ
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Christophe Barraud🛢🐳
C_Barraud
🇺🇸 Powell Keeps Rate Cuts on Table But Leaves Timing Less Certain - Bloomberg
www.bloomberg.com/news/articles/2024-05-01/powell-keeps-rate-cuts-on-table-but-leaves-timing-less-certain?sref=ZVajCYcV pic.twitter.com/Zu9bwhv2L7
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Gregory Daco
GregDaco
Fed Chair Jerome Powell Projects Optimism, But Inflation Data Are in the Driver’s Seat www.wsj.com/economy/central-banking/fed-chair-jerome-powell-projects-optimism-but-inflation-data-are-in-the-drivers-seat-2e729027?st=ybrqy0kea6cx7bb
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