Federal Reserve's New Era of Forward Guidance: Trump Sets Tone, White House Officials Weigh In

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On July 4, 'Federal Reserve Mouthpiece' Nick Timiraos reported that Trump stated he believes Federal Reserve Chair Waller is a dovish figure within the Federal Open Market Committee (FOMC). The day before, White House National Economic Council Director Hassett made similar remarks; a week prior, Treasury Secretary Basant expressed hope that the Federal Reserve would maintain an 'open attitude' towards inflation and anticipated that the Fed would ease policies this year. A new era of 'forward guidance' is upon us...
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