Fed's Miran: Inflation expectations not yet affected by higher oil prices

Irrational? Hmm. I would say it's probably as rational as it gets. There are no doubt plenty of equations/Monte Carlo analytics describing a range of possibilities regarding what happens during higher priced energy. How long that takes to cycle through the economy, etc.

I agree that the FED shouldn't make "quick" decisions on limited (1~2 months of data), BUT, isn't it prudent to start thinking about how GDP/inflation will be affected based on the disruption that has already occurred ... and then make assumptions based on what could be coming?

Markets are volatile in the middle of a war though; no one can dispute that.



Powell is talking in 15 minutes though (moderated discussion....meaning lots of Q&A/interpretation....not a pre-written speech). That will have much more impact than Mr. Miran. ....but at the end of the day, it's all about the strait (for now).

will this sad little cuck dare to stay on at the Fed after Trump is gone?

This guy is fuc'ing pathetic and all into Trumps ass. There is literally not a single valid reason for the Fed to cut rates. They should be hiking rates immediately... but we shouldn't expect that from these clowns as they clearly do not understand inflation nor anything else for that matter. As any other person that is not doing an honest job, they're fuc'ing useless.