When asked how the Fed plans for the worst case scenarios on the geopolitical front, he first responded in Fedspeak.
At every Fed policy meeting, he said, “our staff works up six or seven or eight alternative simulations,” he said.
The market impact: The policy scenarios considered by the Fed are quite sensitive.
That’s likely why when Powell was asked about the scenarios the Fed had most recently considered, he stayed mum.
They’re posting elaborate TikToks where they pretend that the McDonald’s Grimace shake has killed them, of course.
Persons:
Jerome Powell, Powell didn’t, ”, they’re, Joe Brusuelas, Stacey Tevlin, Ben Bernanke, Philippa Dunne, “, Danielle DiMartino Booth, That’s, Powell, “ I’m, Joe Biden, Biden, “ Bidenomics, Elisabeth Buchwald, Bryan Mena, Read, McDonald’s, Scottie Andrew, Grimace’s, Ronald McDonald, Andrews, it’s, Matthew Prince, “ It’s
Organizations:
New, New York CNN — Federal, European Central Bank, Federal, RSM, “, Fed, Bloomberg, TLR, QI Research, Federal Reserve, Chapman University, CNN
Locations:
New York, Portugal, Fedspeak, China, Chicago, America, California, ”