Strategist: Wosh's appointment hearing is seen as a reassuring signal

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ME News, on April 22 (UTC+8), Nuveen strategist Laura Cooper, a California investment firm, said in a report that the confirmation hearing for the appointment of Federal Reserve Chair nominee Kevin Vosh was seen as a reassuring signal, especially regarding issues such as the Federal Reserve’s independence and policy continuity. Vosh avoided making explicit commitments about a specific interest-rate path and emphasized that a cautious strategy should be adopted when reducing the balance sheet. He tends to use averages as a prominent policy guide. This metric eliminates tail risks to assess potential price trends; during the current energy shock, it may “provide clearer signals.” However, this approach may also underestimate inflation levels. (Source: Jin10)
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