Jonathan Ferro
👤 SpeakerAppearances Over Time
Podcast Appearances
Thanks for having me back.
It's good to see you.
You've been very, very transparent about where you are on the dot plot and what your forecast is.
So let's start there.
Where are you for this year?
Where's your dot?
What are you looking for?
That sounds like an argument for neutral.
You're making an argument, though, for this year, for accommodation.
Where does that come from?
Why are you looking for accommodative monetary policy stance coming out of Washington?
Just quickly, you say mark down in the future.
Yeah.
because the Fed actually marked up GDP for 26.
Where do you mean in the future?
A couple of words I want to pick out.
And one is neutral and the other is correct.
I think it's very difficult to say this is where I think neutral is and this should be the correct policy rate because it's such a guessing game as to where neutral is.
And I think you understand that, of course.
I also want to pick up the difference between being an economist and being a policymaker.