That is putting the fed in a bit of a bind. It creates the risk of a policy mistake. The fed will not make a policy mistake if everything is fine. If the data does not get worse. Which people are forecasting. You could have a second half where the economy is bouncing back. The second half we should see that fade. The fed is actually going to surprise to the downside on the Balance Sheet. They should not continue that Balance Sheet expansion. Is the market going to see that as the end of qe, quantitative tightening . The fed playbook is to cut big and fast and signal qe if there is weakness. Thats a big risk for the market. Jonathan joining me around the table is greg staples, lisa hornby, and ken monahan. Lets talk about it, ken. Your thoughts on that, is it or isnt it qe . Ken i know mr. Kashkari is trying to throw cold water on the idea that it is not, but even being in minneapolis, he doesnt have enough water to throw on it to convince the market it is not. I think the market call i
That kind of liquidity will be hard to fight. That is putting the fed in a bit of a bind. It creates the risk of a policy mistake. The fed will not make a policy mistake if everything is fine. If the data does not get worse. Which people are forecasting. You could have an economy where the second half is bouncing back. The second half we should see that fade. The fed is actually going to surprise to the downside on the Balance Sheet. They should not continue that Balance Sheet expansion. Is the market going to see that as the end of qe, quantitative tightening . The fed playbook is to cut big and fast and signal qe if there is weakness. Thats a big risk for the market. Jonathan joining me around the table is greg staples, lisa hornby, and ken monahan. Your thoughts on that, ken . Is it or isnt it qe . Ken i know mr. Kashkari is trying to throw cold water on the idea that it is not, but even being in minneapolis, he doesnt have enough water to throw it to convince the market it is not.
That is putting the fed in a bit of a bind. It creates the risk of a policy mistake. The fed will not make a policy mistake if everything is fine. If the data does not get worse. Which people are forecasting. You could have a second half where the economy is bouncing back. The second half we should see that fade. The fed is actually going to surprise to the downside on the Balance Sheet. They should not continue that Balance Sheet expansion. Is the market going to see that as the end of qe, quantitative tightening . The fed playbook is to cut big and fast and signal qe if there is weakness. Thats a big risk for the market. Jonathan joining me around the table is greg staples, lisa hornby, and ken monahan. Lets talk about it, ken. Your thoughts on that, is it or isnt it qe . Ken i know mr. Kashkari is trying to throw cold water on the idea that it is not, but even being in minneapolis, he doesnt have enough water to throw on it to convince the market it is not. I think the market call i
Be hard to fight. That is putting the fed and a bit of a bind. It creates the risk of a policy mistake. If the data does not get worse. You it creates the risk of a policy mistake. Could have an economy where the second half is bouncing back. The fed is actually going to is actually going to surprise to the downside on the Balance Sheet. Is the market going to see that as the end of qe, quantitative tightening . Cuthe fed playbook is to tight and fast and signal if there is weakness. Jonathan joining me around the table is greg staples, lisa hornby, and ken monahan. Your thoughts on that, can . Is it or isnt it qe . Mr. Kashkari is tried to throw water on the idea that it is not, but even being in minneapolis, he doesnt have enough water to throw to convince the market it is not. I think the market call is correct on this. Jonathan why . I get his point, they are substituting one instrument for another. Could have an economy the way the market is looking at this, this is providing more
Agenda unless otherwise noted. Thank you. Please call item number one. One is a hearing to consider appointing one member indefinite term to the close Juvenile Hall working group. Thank you. Did you have any comments before we hear from the applicant . I do. Thank you so much. As we know this is our final appointment to our 15 Member Working Group for the closed year of Juvenile Hall. We are excited to be at this point where we can point and other young person who will be serving. I am looking forward to the committee having the first meeting this wednesday and to finalize all the members of the working group. That is great news. So we have three applicants. I will call them all forward. Charles peacock, Danielle Russ wurm and julia thompson. We dont have any of the applicants. Do you have any thoughts about who you would like to see appointed, supervisor walton . I do. Thank you so much. The first thing i want to say is i appreciate everyone who applied to serve on the working group,