0
121
Once he starts, he doesn't stop
• All FOMC's are live
• All FOMC's should have press conferences
• Thinks Fed will overshoot on inflation
• Doesn't have a problem with overshooting
• Wants Fed to react to data meeting by meeting
• Wonders about efficacy of dot plots
• Dot plot implicitly giving forward guidance
• Fed needs to think about purpose of dot plot
• Won't say where his dot is plotted
• Fed can handle falling behind the inflation curve The buck is seeing yet another Fed member (and one with some actual weight) coming out hawkish. USDJPY touches 112.91