Barry Ritholtz, editor of “The Big Picture” blog, discusses the Federal Reserve tying their interest-rate outlook to inflation and unemployment and Barclays announcing 2,000 investment banking job cuts. He speaks on Bloomberg Television’s “Bloomberg Surveillance.”


Dec. 13 (Bloomberg)

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John Rogers, president of the CFA Institute, talks about the outlook for the financial-services industry and Chartered Financial Analyst exams. He speaks with Tom Keene and Sara Eisen on Bloomberg Television’s “Surveillance.” Barry Ritholtz, chief executive officer of FusionIQ, also speaks.


Source: Bloomberg Dec. 13 2012

Category: Media, Video

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4 Responses to “Ritholtz: Fed Inflation Call ‘Essentially Nonsense’”

  1. rnspiess says:

    Talk to any control engineer. Two variables can not be controlled with a single control variable. No exceptions.

    Ray Spiess

  2. AHodge says:

    i actually view the Feds just out future growth inflation announce timing target little more favorably
    while i take your point that they could set rate outlook blah blah on whatever Growth inflation outlook they make up
    i think yellens point, you can see her speeches prefiguringthis latest fed move
    is they will eventually react to actual growth/ inflation results–not set some date to hike
    anyone sensible or logical thought that was complete BS anyway–of course they will react to conditions 2 years out

    if they feel the need to say anything at all about what they will do 2 years rom now
    this is certainly more realistic that saying we will leave unchanged till Sept 2015 blah blah
    i would read her speeeches in detail–all the time
    i am a bigfan–she is heads and shoulders the smartest on the board
    well maybe not her H n S
    she could not be more than 5’2” shes tiny.

  3. AHodge says:

    so she in effect sayin
    if they are trying to add info–probably to talk rates down now
    we will do it by saying something about our fed intended reaction function to future growth/inflation

  4. The actions by the FOMC are consistent with its past guidance. I have mentioned on many occasions the lifting of accommodation would commence upon the Unemployment Rate hitting 6.9% so no surprise here. My inflation target for restricted action was 3.3%. Look for higher FOMC rates in 2015Q1.

    TRI GDP outlook chart: http://trendlines.ca/free/economics/RecessionIndicatorUSA/USA-TRI.htm