The honest answer is the chair barely moves the needle, the seat does. Powell printed his way into the job description and Warsh will inherit the same playbook, hawkish press releases or not. Watching the Fed for signals is reading tea leaves, the institution is the policy.
The honest answer is the chair barely moves the needle, the seat does. Powell printed his way into the job description and Warsh will inherit the same playbook, hawkish press releases or not. Watching the Fed for signals is reading tea leaves, the institution is the policy.