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The Bad Transparency: How the Fed Is Becoming Trump’s Fed
WARSH TOOK AWAY THE FED’S MAP. THERE IS NO FORWARD GUIDANCE NOR SOFT IMPLICIT TARGET.
Topics
- Fed
Further reading
- FED RESEARCHThe Warsh TRAP: The Rate Cut Won’t be the fix but the problemPresident Trump needs to know about how rate cut really works
- FED RESEARCHFed Is Pricing the Next Hike (or Cycle)The market spent years waiting for the next cut. Now it is quietly rebuilding the hiking cycle.
- FED RESEARCHThe Quiet HikeIt rarely happens: The Fed just voted 9–0 together.
- FED RESEARCHFED'S Reaction Function Has BrokenThe Fed has not lost credibility on its inflation target. It has lost something more expensive — the predictability of how it responds to data. That is the price the market is now
- FED RESEARCHTrump's 5% Treasury Yield Problem: What BofA's US‑China Stock‑Bond Chart Really ShowsChina's near-record-low 10-year yield came with two decades of equity underperformance and capital controls that Chinese savers are already working around by buying US tech.
- FED RESEARCHMacro Weekly | The New Hiking CycleAll alpha is generated when markets shift paradigms.