Questions whether Fed officials have become too much like celebrities and should return to Greenspan-era approach
speaker1
Peter Boockvar
Fed has become very activist institution but transparency is needed given their role in price fixing the cost of money
Asks about Kevin Hassett as potential Fed chair and whether he fits the mold
speaker1
Peter Boockvar
Inherent contradiction in wanting Fed in background while some advocate highly activist rate cutting
Clarifies Boockvar's position: don't touch rates
speaker1
Peter Boockvar
Maybe one more cut possible but Fed funds should remain above inflation; warns if rates go below inflation, long end will speak up with higher rates and weaker dollar
Asks about market reaction if Fed independence is compromised and Kevin Hassett appointed
speaker3
Peter Boockvar
Market disapproval would be reflected in long end of yield curve and dollar via higher rates and lower dollar
Asks who should run the Fed
speaker1
Peter Boockvar
Prefers Waller or Bowman as seasoned Fed professionals