cover of episode UBS On-Air: Paul Donovan Daily Audio 'Powell, policy, and perceptive questions'

UBS On-Air: Paul Donovan Daily Audio 'Powell, policy, and perceptive questions'

2024/7/9
logo of podcast UBS On-Air: Market Moves

UBS On-Air: Market Moves

Frequently requested episodes will be transcribed first

Shownotes Transcript

Federal Reserve Chair Powell is testifying to the Senate Banking Committee today. The issue is whether Powell (who is not an economist) will be able to answer any perceptive questions that might be asked. If US inflation is lower than in Europe, why is the Fed not cutting rates? Why emphasize data dependency when data is unreliable and policy works with a lag?