- Sees AI trends which could reduce costs in long-run and provide a golden opportunity. Concerned the Fed cannot see that
- Last thing they need is continuity.
- Central bank that sits there today is radically different from the one he saw in 2006.
- Don’t think need continuity one the central bank does not have credibility.
- Says need regime change at the Fed.
- Cuts last time round inflation was 50% higher.
- The broad conduct of monetary policy has been broken for a long time
- dominant model that the Fed appear to be out of date
- Fed independence is essential.
- Says that the Fed hasn’t always been independent, citing DEI, and climate change.
- Fed has done a very good job of blaming others for their mistakes.
- Fed has made poor choices regarding inflation.
- The reason the Fed has not made the right decisions of rate is due to present and tariffs.
- The first rate cut would be a first step toward regime change
- We are near a housing recession.
- We can take a little out of the fiscal business and redeploy to some in the real economy.
- Fed should be at of the fiscal and political business
This article was written by Greg Michalowski at www.forexlive.com.