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God we're only halfway through this presser? Powell, it seems, is also not a more engaging chair than Yellen.
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So Powell just said to ignore their long-term projections. Which raises the question - why share them then? Sadly, the market isn't likely to listen to him.
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Powell sounds awfully dovish to me. I'm not sure Yellen would be saying much different right now.
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I'd love to see the question asked in the Fed presser: What would it take for you to raise your hikes to 4 for this year?
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A bit surprised to see the Fed maintain its 3 hikes for 2018. Thought they might signal 4. You've got a big dose of fiscal stimulus on the back of synchronized global growth. What are they looking for to merely hike rates 25 basis points every quarter? 4% inflation?
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I always suspected that Logan would take over for Mitch one day. Glad to see the Huntzberger media empire lives on. (I wonder how Rory feels about the news?)https://twitter.com/brianstelter/status/941345031721504769 …
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I am DVRing EVERY SINGLE ONE. My poor DVR is almost out of room at this point, due to a backlog of not watching them quickly enough.
#notashamedhttps://twitter.com/asymmetricinfo/status/940626134974304257 …Thanks. Twitter will use this to make your timeline better. UndoUndo -
This was what my drive-in looked like too. . .https://twitter.com/WLV_investor/status/938410022538682368 …
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An hour ago I drove through the Sepulveda Pass fire on the 405 South. The entire Northbound side was closed, and the mountain adjacent to it is completely engulfed in flames. The fire was so hot I could feel it on the other side of the street in my car with the window closed.
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<slap> That's for blasphemy. https://twitter.com/SonnyBunch/status/938051777160798208 …
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For those interested, Dodd-Frank says: 5) DEPUTY DIRECTOR.—There is established the position of Deputy Director, who shall— (A) be appointed by the Director; and (B) serve as acting Director in the absence or unavailability of the Director.
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I worry that the GOP tax cut may fail, and instead all Americans will just get mailed a $100 voucher that can be redeemed at any Trump hotel, casino or golf course.
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Reminder: Despite the Senate bill leaving mortgage deduction intact, it is dramatically weakened through full state and local tax deduction repeal. Only very rich will itemize.
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Wow. We're barely going to recognize the Fed next year.https://twitter.com/Reuters/status/927243725335613440 …
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As Fed Chair, Powell will need to learn to pull the microphone down when someone taller than him speaks before him.
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Trump is being very gracious to Yellen.
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I'll actually kind of love it if Trump put out fake leaks and he announces Warsh.
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Are Republicans trying to make these changes apply to 2017 taxes, or would they go into effect for 2018? Not clear on that from the summary.
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To be clear, the mortgage interest deduction played very minor role in the housing bubble. Bad loan underwriting was the main problem.
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Let's all remember that the Congressional process has a knack for making final laws look much different from first drafts.
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