From stronger banks to a steeper yield curve and a possible overshoot in inflation−our Japan CEO, Jesper Koll, summarizes the outcome of BOJ meeting yesterday.
Without a doubt, the results of today’s Federal Open Market Committee (FOMC) meeting may be the most anticipated monetary policy gathering thus far in 2016. Indeed, given the back-and-forth “Fedspeak” over the last few weeks, the money and bond markets can be forgiven for having a bit more uncertainty this time around.
Jeremy Schwartz recently had a conversation with Professor Jeremy Siegel and Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman, on the outlook for Federal Reserve policy following the Jackson Hole Fed conference speeches.
Last Friday, Jeremy Siegel and I sat down with James Bullard, President of the Federal Reserve Bank of St. Louis. Our discussion focused on Bullard’s new prescription and narrative for monetary policy and its implications for interest rates.