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In this episode of the “Fed Watch” podcast, I give a big update on central bank related news from around the world. It’s been several weeks since we’ve done a down and dirty update on material from the monetary world, so there is a lot to cover. Listen to the episode for my complete coverage. Below, I summarize Federal Reserve related headlines and their upcoming Federal Open Market Committee (FOMC) meeting, consumer price index (CPI) and inflation expectations, Europe and the European Central Bank’s dilemma and lastly, China’s horrible economic issues.
“Fed Watch” is a podcast for people interested in central bank current events and how Bitcoin will integrate or replace aspects of the aging financial system. To understand how bitcoin will become global money, we must first understand what’s happening now.
Federal Reserve Calendar
Financial headlines have been awash with Federal Reserve presidents and governors trying to outdo each other in their calls for rate hikes. The most recent[8] is from President James Bullard of the St. Louis Fed, calling for a 75 basis points (bps) hike and up to 3.75% on the Fed funds rate by the end of the year!
Federal Reserve Chair Jerome Powell is speaking in front of the Volcker Alliance meeting via pre-recorded remarks and appeared live to talk to the IMF[9] on April 21, 2022. (I got the events mixed up in the podcast.) I expect discussion of the global CPI situation in relation to different countries’ monetary policies. We should have gotten some insight into Powell’s view of the current global economy in these remarks, more than the typical, “The economy is expanding
