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
