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Eisenbeis: Fed's Need to Defend Credibility will Push It To Hike Rate This Year
From kathleenhays.substack.com
video Bob Eisenbeis’s Federal Reserve career spans seven decades, from William McChesny Martin’s time as chair all the way through the terms of Ben Bernanke. This includes his ten years as the director of research at the Federal Reserve Bank of Atlanta advising the bank's president on monetary policy and overseeing the basic research and policy analysis that drove the decisions made then. So when it comes to translating the message from the minutes of the FOMC’s June meetings, the first one chaired by Kevin Warsh, Bob is our go-to-guy. For starters, Bob sees minutes that follow a conventional pattern, with ... (full story)
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