Tuesday, November 29, 2022
HomeInvestmentGood Information! Versatile Value Inflation Cools To … 20%, Export Costs Cool...

Good Information! Versatile Value Inflation Cools To … 20%, Export Costs Cool To 18% YoY As Jerome “Slowhand” Powell Reappointed As Fed Chairman (Taylor Rule Suggests Fed Price Of 13.89%)


by confoundedinterest17

The US Senate yesterday confirmed the reappointment of Jerome “Slowhand” Powell as Federal Reserve Chairman.

The excellent news? Atlanta Fed’s Versatile CPI YoY cooled to twenty% in April. The unhealthy information? Versatile costs are nonetheless rising at 20% whereas wages are rising at 5.5% YoY.

On the export entrance, export costs are cooling and have been at 18% YoY in April, down barely from March. Import costs cooled to 12% YoY as The Federal Reserve has slowed asset purchases.

I’d have most popular President Biden appoint a critical Federal Reserve Chairman favored Stanford College’s John Taylor (of Taylor Rule fame). In his honor, right here is the Mankin model of the Taylor Rule which requires a Fed Funds Goal Price of 13.89% whereas the present Fed Funds Goal Price beneath Powell and the Gang is … 1%.

Name it the Powell Boogie. At a really sluggish pace.

Powell is certainly “Slowhand.”

 

 



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