@Dodgers Happen to be in LA and watched the parade today. I was in this video but you probably can’t find me, haha. I am a Cardinals fan but I enjoyed watching the parade.
https://t.co/izI5GmOdd0
I was fortunate to get to know Dr. Waller while working at the St. Louis Fed. He’s brilliant and a straight shooter, and I hope he’s chosen as the next Fed Chair!
@WatcherGuru This doesn’t mean anything. This is a routine scheduled Board meeting, not FMOC meeting. So no emergency cuts if that is what you were hoping for.
The Conference Board's labor market differential (jobs "plentiful" minus jobs "hard to get") narrowed again and is now at a level last seen in early 2017. It has dropped quite a bit in the last six months.
John Wooden said, “You can’t let praise or criticism get to you. It’s a weakness to get caught up in either one.”
They're distractions. They influence you if you let them.
It means filter and focus on what matters: progress.
How to deal with criticism and praise:
Congratulations to the authors of the six books who, having competed with the other ten very well written books on the long-list, are now short-listed for the FT-Schroders Business Book of the Year Award.
@ft@Schroders#bbya#bbya24
Proper and credible communication is a vital tool of central bank policymaking:
While undue interest rate volatility is often beneficial for the bottom line of Wall Street firms and for market discussions, it can be harmful to the economy and the standing of the US at the center of the global economic and financial system.
That's why it’s important that, at the conclusion of today’s Federal Reserve events, we end up with a much better feel for how the world’a most powerful central banks assesses economic prospects and policy implications.
#economy #centralbanks #FederalReserve #econtwitter
As the Fed readies its rate decision today, Bill English, a fmr top official, tells @FT that its communications are going to be "as important as the decision that they make" in terms of the size of the cut.
"It’s easy to screw up in both directions" https://t.co/YW8SfIfVHJ
"In all likelihood, this is the beginning of an easing cycle that is going to go a long way," Alan Blinder tells @FT ahead of a "momentous" meeting for the Fed. “If Powell achieves [a soft landing], he will go down in the Federal Reserve hall of fame" https://t.co/YW8SfIfVHJ
Another dent ceiling showdown looms in 2025. Note: when we have been downgraded by rating agencies, the downgrades have been focused more on “an erosion of governance,” not the level of our mounting debt.