Hints and tips:
...“My sense is that Taylor and Warsh would be on the hawkish side,” says Peter Hooper, chief economist at Deutsche Bank Securities. “Yellen and Powell would mean more continuity.”...
...When the markets saw Larry Summers as the likely pick, Treasury yields rose, as he was considered the more hawkish choice with more cautious views about unconventional balance-sheet policies....
...I don’t think they will be too concerned about inflation at this point,” says Mr Hooper....
...However, Macroeconomic Advisers, a forecasting firm headed by Larry Meyer, a former Fed governor, puts the first rate increase in late 2011....
...“The facts on the ground are changing,” says Larry Meyer, chairman of Macro-economic Advisers....
...Peter Hooper, chief economist at Deutsche Bank securities, said he was “troubled” by the gap between what Fed officials were saying and what the market was pricing....
...Larry Meyer, a former Fed governor and chairman of Macroeconomic Advisers, said: “Expect the committee to retain its tightening bias”....
...“The story of recessions is that unexpected adverse shocks – or a coincidence of adverse shocks – hit a vulnerable economy,” says Larry Meyer, chairman of Macroeconomic Advisers and a former Fed governor...
...Larry Meyer, a former Fed governor now chairman of Macroeconomic Advisers, says the Fed staff’s estimate of the sustainable unemployment rate is around 5 per cent, but officials understand that this estimate...
...Larry Meyer, a former Fed governor, says Mr Bernanke and his colleagues are paying attention to the change in the political environment. “It has certainly gotten their attention.”...
...Macroeconomic Advisers, the firm founded by Larry Meyer, the former Fed governor, said in a note to clients yesterday that while Mr Bernanke was an advocate of inflation targeting, that change would take...
...Push comes to shove when the forecast starts to show higher inflation,” said Larry Meyer, a former Fed governor and founder of the consultancy Macroeconomic Advisers....
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