Janet Yellen's view on interest rates right now = Wait and see.
"I would watch it for awhile, keep an open mind. Be prepared to move, but possibly it won’t be necessary," she told @questCNN.
Yellen added: "The data has been, by and large, favorable."
https://t.co/oYcM96kalz
JP Morgan: We have updated our Fed balance sheet forecast to assume that no RMPs will be conducted through year end; we expect the balance sheet to remain near $6.8tn and reserves to end the year at ~$3tn
TD: Aug 26 marks Fed Gov. Lisa Cook's deadline to respond to fraud allegations. We view this as a formality and expect Trump to move quickly to remove her thereafter with litigation to follow.
EVERCORE: “.. we are skeptical the Administration can realistically do anything at this point on the deficit that would be material. The surprise buybacks announcement .. has had only a fleeting effect, and we think any deficit-related announcement would be at least as limited.”
Thanks to @Evan_Ryser at @MNIMarketnews for discussing my #Fed outlook.
I expect the Fed to stay on hold but I don’t rule out a Dec hike. The bigger issue: policy is behind the #inflation curve, as 2% inflation remains a long way off.
https://t.co/dyOGyjWyJR
Alan Greenspan on @CNBC: "Jay Powell is a 1st rate Federal Reserve Chairman. He is extremely competent ... I don't worry about where the Fed is going."
"What you want to happen is, the market is gradually adjusting to events, and when the Federal Reserve moves or doesn’t move, the market has pretty much accepted what is likely to happen. To the extent that we could, I or others would be suggesting where we are likely to go..."
"An example of when you do want to shock the market is what Paul Volcker had to do in October 1979. He wanted to essentially crack what was going on. The vast majority of times, that is not what you want to have happen."