There is a “mystery” on Wall Street, and it has to do with central bankers. No, the mystery has nothing to do with proposals for an independent overall of the regional central bank power structure and their semi-private status, as was recently reported in The Wall Street Journal. The public knowledge regarding the process for filling regional Fed presidential appointments, and the influence of the largest banks, remains foggy at best. The current quandary on Fed watchers mind leading into the Jackson Hole event is Janet Yellen and “the mystery of the Fed’s policy reaction function,” according to a research…
On This Page
- Plans to raise rates once every three months have been altered
- BAML: Market overpricing September rate hike, under-pricing December
- Indications at Jackson Hole as to exact timing of the next Fed rate hike "might be difficult to find"
- Is Fed misdirection setting up markets to expect the worse and then deliver good news amid global concerns?
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