Justin Wolfers(@JustinWolfers):Silent Kevin's theory: if the Fed stops talking, markets will stop watching the Fed and start watching the economy instead.⁣ ⁣ But.⁣ ⁣ Every loan rate from overnight to 30 years is built on expectations of what the Fed does next. Going quiet doesn't change that math

Justin Wolfers

@JustinWolfers

Prof @UMichEcon & @FordSchool | Fellow @BrookingsInst | Intro Econ textbook author | |

参加 July 2011

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Justin Wolfers@JustinWolfers

2026.08.29 17:08

Silent Kevin's theory: if the Fed stops talking, markets will stop watching the Fed and start watching the economy instead.⁣ ⁣ But.⁣ ⁣ Every loan rate from overnight to 30 years is built on expectations of what the Fed does next. Going quiet doesn't change that math—it just makes the guessing harder.⁣ ⁣