Robert Armstrong

speaker

1,703 appearances 12 recordings 3 series first heard Oct 2025 last heard 5d ago

Robert Armstrong’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 12 in all, peaking in Jan 2026 with 3.

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Prof G Markets · Fed Hikes Rates For First Time In 3 Years — Here’s Why It Matters · 17 Sep 2026 podcast

We can put to bed

The theory that Kevin Walsh is Donald Trump's sock puppet.

I had never bought that theory, particularly for the simple reason that I don't see what's in it for Walsh playing the part of the sock puppet.

He had nothing to gain by doing that.

He's in a good position to go his own way.

So that I think that was becoming clearer as the weeks went on, but now it's very clear he has hiked despite the threats and protestations of the president.

So that is point number one.

Point number

Point number two, and you mentioned this, which I think is very interesting and very important for this psych, is the unanimity.

It was not at all obvious going on that this was going that all the voting members were going to uh agree on this outcome.

Several members of the committee had made slightly dovish noises going in.

So this is a very good sign for the Fed chair's credibility, uh, or might be.

Right.

There's two ways this may have happened.

Either he wanted to hike and he got everybody on board, or almost everybody was on board and he wasn't and he joined the crowd so he didn't look like a weenie.

Right.

But there is a little interesting detail you might have noticed about this.

In the notorious dot plot, which is this graphic they include, which shows for this year and several coming years what each member of the committee believes is the appropriate monetary policy, there were two dots that showed that the appropriate monetary policy for the end of this year is the rate we were at before the rate hike.

So, what are those two people thinking?

We're we we agree, we vote with you to raise the rate today, but we think we're gonna cut by the end of the year.

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