Asks about Fed thinking and data sources for December decision given CPI data delays
Karen
Peter Boockvar
Williams' speech signals Fed likely cutting rates; Fed not flying blind despite data gaps due to Beige Book and other information sources
Questions if labor market concerns are replacing inflation as primary Fed mandate focus given recent layoffs
Karen
Peter Boockvar
Inflation at 3%+ is depressing consumer behavior and causing economic weakness that affects labor market; long-term yields not falling despite short-term rate cuts
Asks about Fed decision process in case of tied vote scenario
Karen
Peter Boockvar
Powell would be decider but likely has votes for cuts with support from Williams, Waller, Bowman