The claims data has been trending steadily down since mid- to late-December.
We have no obvious proof that is what Powell did, but it is certainly a possibility. Given Powell’s willingness to play politics with interest rates, it’s even a probability.
“The answer is unclear, because the data is unclear.”
Thank you for this, Peter. When the data is muddled, opportunistic politicians jump on partial data and try to manipulate us into supporting their agenda. I much prefer some level-headed genius like you analyzing the data and giving the factual picture - which, in this case, is an unclear picture. Now I can wait for the clarifying data that will come in time. No problem.
I wonder if Powell saw this data and figured he’d hold the FFR in order to screw Trump?
The claims data has been trending steadily down since mid- to late-December.
We have no obvious proof that is what Powell did, but it is certainly a possibility. Given Powell’s willingness to play politics with interest rates, it’s even a probability.
I don’t know, but I damn sure don’t rule it out.
Me either. I don’t trust the man even a teeny tiny bit.
“The answer is unclear, because the data is unclear.”
Thank you for this, Peter. When the data is muddled, opportunistic politicians jump on partial data and try to manipulate us into supporting their agenda. I much prefer some level-headed genius like you analyzing the data and giving the factual picture - which, in this case, is an unclear picture. Now I can wait for the clarifying data that will come in time. No problem.
You have rare credibility, Peter!