Loading…

Luca Pietro on FED Decision Making

FED Decision Making

Claims and stances

0:00 Luca Pietro strongly supports: The government shutdown and resulting data blackout prevent the Federal Reserve from having the reliable data necessary to make informed decisions regarding interest rates and their dual mandate of controlling inflation and stimulating the economy.

Transcript

0:00 It's really interesting to see how decisions are gonna be made within the FOMC.
0:07 Honestly, with with this government shutdown right now and the data blackout, there's no concrete or reliable data for the Fed to come up with data to back up their interest rate just decisions that are gonna be due in two weeks.
0:22 So this is really interesting to see um how they're gonna go about that because they're already basing their rates off of data that's not always 100% reliable.
0:34 Um so now with the government shutdown and even further data blackout, it's gonna be even harder for them to do their jobs because they don't know whether they're gonna have to pull down inflation a little bit or stimulate the economy, which are the two goals of the Fed.
0:47 So um it's gonna be interesting to see how it works and hopefully the government is back up and running before that decision must be made.
0:55 So yeah.