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Probing Powell’s Patience

With ECRI’s focus on cycle risk management, we have a solid read on where we are in the economic growth and inflation cycles.

Click here to download the full presentation, including notes.

Since last year’s Minsky Conference, the policy landscape has certainly shifted.

President Trump is proclaiming “the greatest economy in history,” but he’s also demanding a 50 basis point rate cut since there’s very little inflation – he even asked for a return to QE before reversing himself.

And in June, when the current expansion will match the record long 1991-2001 expansion; the Fed will start a one-year “listening” tour – to help it re-jigger its policy framework, in hopes of gaining more firepower.

So both Trump and the Fed are saying the economy’s great, or in a good place, but it needs more support.

It is in this context that ECRI's Lakshman Achuthan presented “Probing Powell’s Patience: Retrospect and Prospect," at the Levy Economics Institute’s 28th Annual Hyman P. Minsky Conference.

Click here to download the full presentation, including notes.

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