Asking Dana Peterson for her position on economic outlook and Fed policy disagreements.
speaker1
Dana Peterson
Expects Fed to cut rates today but acknowledges significant internal dissent between those wanting more cuts and those concerned about inflation above target.
Asking if bond vigilantes are ready to act on worst fears about Fed independence and trajectory.
speaker1
Dana Peterson
Acknowledges concerns about Fed independence are valid given data darkness and uncertainty about economic trajectory.
Highlighting extreme divergence in Fed opinions from no cuts to full point lower.
speaker1
Dana Peterson
Divergence stems from lack of clear government data, forcing everyone to act in the dark with different economic views.
Dana Peterson
Fed is being more preemptive now, preferring to err on downside by acting before slowdown after decade of data dependence.
Asking what in economy makes people wary inflation could tick higher despite flat readings and lower oil prices.
speaker1
Dana Peterson
Structural factors, particularly sticky wages, are key concern for permanently higher inflation.