Brian Sack
Brian Sack
Brian Sackis an American writer and actor. From 2011–2014 he was the host of The B.S. of A. with Brian Sack, a sketch comedy show on TheBlaze television network...
attention began comments committee democratic greenspan hence market pay
The most provocative interpretation (of this change) is that market participants anticipated that the Committee was going to become more democratic once Greenspan departed, and hence began to pay more attention to the comments by other FOMC members.
attention began comments committee democratic greenspan hence market pay
The most provocative interpretation is that market participants anticipated that the committee was going to become more democratic once Greenspan departed, and hence began to pay more attention to the comments by other FOMC members.
comfort economy economy-and-economics employment full growing half inflation initial likely nature near rate stress
He will stress the nature of the initial conditions: an economy at full employment likely to be growing at an above-trend rate in the first half of this year, and inflation already near the upper end of the comfort zone.
committee continued greenspan
Greenspan continued to be the most influential committee member.
committee continued dominance greenspan impact large market next total twice
Greenspan continued to be the most influential committee member. However, his dominance was markedly diminished, in that his total market impact was 'only' about twice as large as the next FOMC member.
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Markets are certainly focused on people who speak effectively about macroeconomic issues and the outlook for policy. The key issue here may be whether they choose to speak clearly and forcefully about near- term economic issues.
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He would take stands on very important issues ... that at times did not fully agree with the chairman or other committee members, but would do so in a very effective way.
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The statement took a modest step toward becoming more forward looking. That is the direction we see of communication more generally.