Jeff Snider
speaker
2,131 appearances
6 recordings
2 series
first heard Jan 2026
last heard 4d ago
Jeff Snider’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 6 in all, peaking in Jan 2026 with 2.
Appearances
They they look at the PC deflator, which has been a little bit higher than the CPI.
But they realize that an energy shock doesn't necessarily become inflationary.
In fact, historically it doesn't.
So when you look at their summary of economic projections, which is the material that comes out with the press conference, what they actually model and what they're actually expecting is that consumer prices will go up in twenty twenty six and then decelerate in twenty twenty seven.
Okay.
So if that's the case.
You ask why the hell would you raise rates?
If you actually think that there is no inflation problem next year, other than energy prices, why would you raise rates?
And the answer is.
They're not actually confident in their projection.
They think that this is gonna happen because this is what normally happens.
However, they also remember what they said in twenty twenty two.
So basically Kevin Walsh is taking out as somewhat of an insurance policy, and it's more of an symbolic symbolic insurance policy than that.
We're gonna raise rates because we think this is a one time increase in energy prices.
And once the oil prices go back down lower, we won't have an inflation problem.
We don't know for sure.
And because I don't want to be Jay Powell and be criticized heavily by basically everybody for not doing something, we're going to proactively raise rates to make it look like we're we're on the ball here about an inflation problem that we don't think we have, but we might actually have.
So it's it's it's um it's a combination of things.
So is it the right idea?
Is it the right is it the right tactic?
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