The MOU and Warsh: A Changing Macro Landscape
About this episode
The episode discusses significant macroeconomic changes following a Memorandum of Understanding with Iran and Kevin Warsh's first meeting as Fed Chairman.
Last week, as a frothy stock market continued to zigzag across a high plateau, two events occurred with significant implications for the macroeconomic outlook. First, the President signed a Memorandum of Understanding with Iran, potentially bringing the Iran war to a close. Second, Kevin Warsh presided over his first meeting as Fed Chairman, resulting in a slightly more hawkish tilt to monetary policy in the short run and the promise of significant reform in the long run.
More episodes of Notes on the Week Ahead
- A Top Down View of the Earnings Surge
- The Fed Communications Debate: Bernanke Versus Warsh
- Consumer Sentiment and the Stock Market
- The Healing of Housing
- The Inflation Outlook and Fed Policy under New Leadership
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