In Summary
In this month’s report, “Way Too Transparent?,” Rockefeller Global Family Office Chief Investment Officer Jimmy Chang examines the evolution of the Federal Reserve’s policymaking and communications strategies since Paul Volcker became Chair 45 years ago. Some pundits believe that the Fed may have become overly transparent with policy debates seemingly conducted in public among dueling speeches. Additionally, Jimmy believes that the odds of a rate cut in September have risen of late, and the outcome of the presidential election in November will affect the future path of interest rates.
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