Jim Bianco
@biancoresearch
Macro investment research at
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参加 September 2010
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The Fed should allow the dissenters to put out these rationales with the statement on Wednesday.
Then Warsh could be asked about them, in addition to defending his vote, which I assume would be in the majority.
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The three Fed presidents who dissented in favor of a rate hike have arguably provided more of a rationale for their decision than the majority of the FOMC did in its statement on Wednesday or via the press conference.
Here's Dallas Fed President Lorie Logan, essentially restating her view of two weeks ago, that underlying inflation is running closer to 2.5% even after abstracting past recent shocks, which she says justifies a tighter policy stance
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