Recently, comments from the Fed officials have drawn widespread attention from the market. The remarks by the new president of the Cleveland Federal Reserve Bank, Harmack, seem to set the tone for the upcoming speech by Powell, suggesting a consistency in policy direction between the two.
Harmak's remarks can be seen as a test of the market's reaction, while also laying the groundwork for Powell's speech at his last meeting in office. So, why can Harmak's statements be considered representative of Powell's position?
First, in terms of identity and position, Harmack has served as the President
View OriginalHarmak's remarks can be seen as a test of the market's reaction, while also laying the groundwork for Powell's speech at his last meeting in office. So, why can Harmak's statements be considered representative of Powell's position?
First, in terms of identity and position, Harmack has served as the President