Ahead of the chair Powell's speech at 10 AM, former Fed Gov. Ferguson and former Fed Pres. Harker are speaking on CNBC:
Former Fed Gov. Ferguson
- We are in a period of "stagflation light".
- Think the Fed chair will try to create as much flexibility.
- Administration is often pressuring the Fed chair privately. The public pressure is highly unlikely.
Former Fed Pres. Harker:
- The data is fuzzy.
- It is not crystal clear.
- Although there are some businesses that are planning ahead like data, but most businesses are sitting and waiting.
- There is a lot of diversity of opinion
- We are all looking at the data, it is how you interpret it.
