Fed’s focus shift: From data to policy

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Fed’s focus shift: From data to policy

As the country faces whiplash under Trump’s deluge of executive actions, Jerome Powell and the Federal Open Market Committee are left reacting despite the data they usually rely on, explained Apollo Chief Economist Torsten Sløk to Yahoo Finance Executive Editor Brian Sozzi on a recent episode of Opening Bid.

“There’s uncertainty about what’s coming,” Sløk pointed out. “And if we don’t know what’s coming when it comes to tariffs restrictions and immigration under our taxes, then they are having, probably, similar challenges with the spreadsheet that I’m having with my spreadsheet.”

What’s his suggestion to the Fed, then? Sløk suggested they focus on how they assess the news. “So that’s why for them it really is a challenge of figuring out how do we make an assessment of these things that may or may not be coming in terms of what should we be doing today.”

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This post was written by Rachael Lewis-Krisky, producer for Opening Bid.

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#Feds #focus #shift #data #policy

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